LOS ANGELES, June 9, 2014 - Today Air Lease Corporation (NYSE: AL) announced twelve-year lease agreements with EVA Air (Taiwan) for two new Boeing 777-300ER widebody aircraft, scheduled for delivery in the second half of 2015 and first half of 2016. These aircraft are from ALC’s order book with Boeing.

“We are pleased to conclude this important long term lease transaction with EVA Air, one of the premier international airlines in Asia, and a strategic new lease customer for ALC. As the demand for intercontinental routes from the Asia Pacific region continues to increase, ALC is pleased that these two new fuel efficient widebody aircraft will be an instrumental part of EVA’s expansion in that market,” said Chi Yan, 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 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.