LOS ANGELES, California, October 12, 2017 — Today Air Lease Corporation (NYSE: AL) announced a long term lease agreement with Aer Lingus for one additional new Airbus A321neo LR aircraft.  The aircraft, delivering in June 2019, will be the eighth A321neo LR leased to the airline and is from ALC’s order book with Airbus. 

"As part of the long great relationship between Aer Lingus and ALC, Aer Lingus will be leasing an eighth A321neo LR aircraft from ALC. ALC is proud to be part of Aer Lingus’ continuing fleet transition to the A321neo LR,” said Steven F. Udvar-Házy, Executive Chairman 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 Aer Lingus

Aer Lingus, part of International Airlines Group, operates as a leading Irish airline primarily providing passenger and cargo transportation services from Ireland to the United Kingdom and Europe and also to the United States and Canada.