17 May 2016

Air Lease Corporation Announces Lease Placement of Two New Boeing 787-9 Aircraft to Oman Air

LOS ANGELES, May 17, 2016 – Air Lease Corporation (NYSE: AL) announced today the placement of two new Boeing 787-9s on long-term lease to Oman Air. The aircraft are scheduled to deliver in 2018 and 2020, both from ALC’s order book with Boeing. This new agreement follows Oman Air’s August 2015 announcement of lease agreements covering 14 additional jet aircraft on lease from ALC, including three new Boeing 737-800s, seven new Boeing 737-8MAXs, one new Boeing 787-9, one used Boeing 737-700 and two used Boeing 737-800 aircraft.

“The strong history and relationship between Oman Air and ALC has further facilitated this transaction,” said Alex Khatibi, Executive Vice President of Air Lease Corporation. “We are proud that ALC has once again been chosen by Oman Air as one of its main new aircraft providers for future fleet development and expansion.”

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 Oman Air

Oman Air, the national carrier of the Sultanate of Oman, was founded in 1993 and has evolved into an acclaimed international luxury airline with an Official 4 Star Airline ranking from Skytrax. With a fleet of 39 aircraft flying to over 48 destinations across the Middle East, Europe, Asia and Africa, Oman Air’s hospitality, comfort and space offer all customers a seamless passenger experience, whether they are travelling in First Class, Business Class or Economy Class. The airline’s commitment to quality and innovation has seen it pioneer inflight mobile phone and wi-fi connectivity and receive awards from prestigious organisations in the Middle East, Europe and Asia.

Oman Air’s commitment to quality, comfort and a seamless passenger experience has resulted in acclaim at the Skytrax World Airline Awards, including: Best Business Class Seat in the World (2011, 2012); Service Excellence, Middle East (2011); and Best Staff Service, Middle East (2014). The World Travel Awards have also honoured Oman Air with World’s Leading Airline – Economy Class 2014, Best Business Class Airline – Middle East 2014, and Best Economy Class Airline – Middle East 2013 and 2014. The more recent awards that Oman Air has won were at the World Travel Awards Middle East 2015, wherein the national carrier of the Sultanate of Oman came top in the ‘Middle East's Leading Airline - Business Class’ and ‘Middle East's Leading Airline - Economy Class’ categories and also at the Skytrax World Airline Awards 2015 where Oman Air was named as the winner of the ’Best Airline Staff Service in the Middle East’ award. www.omanair.com




Investors

Depalma Maryliz 004

Mary Liz DePalma

Director of Investor Relations

Phone: +1 310.553.0555
Fax: +1 310.553.0999
Email: mdepalma@airleasecorp.com

Media

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Laura Woeste

Manager, Media and Investor Relations

Phone: +1 310.553.0555
Fax: +1 310.553.0999
Email: lwoeste@airleasecorp.com