LOS ANGELES, June 17, 2014 - Today Air Lease Corporation (NYSE: AL) announced the delivery of one used Boeing 737-800 aircraft (MSN 34254), on long term lease to Sun Country Airlines.

“We are very pleased to continue our strong relationship with Sun Country Airlines,” said Marc Baer, Executive Vice President of Air Lease Corporation. “This Boeing 737-800 is a key addition to their fleet as Sun Country continues to grow their network and maximize their competitive advantage in the region.”

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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.