LOS ANGELES, June 10, 2014 - Air Lease Corporation (NYSE: AL) announced the delivery of the first of two new Boeing 777-300ER widebody aircraft to Air New Zealand. A second new 777-300ER is scheduled for delivery this fall. Both aircraft are from ALC’s order book with Boeing.

“We announce our delivery of this new Boeing 777-300ER with great pride and appreciation, as this transaction furthers the excellent relationship between ALC and Air New Zealand. We look forward to delivering another 777-300ER to Air New Zealand this fall,” said Grant Levy, Executive Vice President of Air Lease Corporation.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

About Air Lease Corporation (NYSE: AL)

ALC is a leading aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. For more information, visit ALC's website at www.airleasecorp.com.

About Air New Zealand (NZX: AIR; ASX: AIZ)

Air New Zealand is an international and domestic airline group which provides air passenger and cargo transport services within New Zealand, as well as to and from Australia, the South Pacific, Asia, North America and the United Kingdom.