LOS ANGELES, October 7, 2014 - Today Air Lease Corporation (NYSE: AL) announced two additional twelve-year lease agreements with EVA Air (Taiwan) for new Boeing 777-300ER widebody aircraft. The aircraft are scheduled for delivery in 2016 and 2017 from ALC’s order book with Boeing. With this latest contract, EVA has now leased four new Boeing 777-300ERs from ALC.

“ALC continues to help expand EVA Air’s long haul fleet with the lease of these two Boeing 777-300ERs,” said Chi Yan, Vice President of Air Lease Corporation. “EVA Air is a significant customer for ALC in the Asia Pacific region, and these additional lease placements underline our commitment to EVA’s growth plans.”

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 EVA Airways Corporation (EVA Air)

EVA Air, a premier international airline based in Taiwan, was established in 1989 and has become a Star Alliance member since June 2013. EVA Air is a modern network airline operating scheduled international passenger flights and cargo services to Asia, North America, Europe, and Oceania. For more information, visit EVA Air’s website at www.evaair.com.