LOS ANGELES, California, September 11, 2013 — Today Air Lease Corporation (NYSE: AL) announced the long term lease of one Boeing 737-700 jet aircraft (MSN 33015) to Georgian Airways, based in Tbilisi, Georgia.

The aircraft is scheduled for delivery to Georgian Airways in October, 2013.Georgian Airways is the designated national airline of Georgia, operating extensive scheduled services to many destinations in Europe, the Mediterranean, the Middle East and Russia, with Boeing 737s and CRJ regional jets. "We are pleased to transact this new five year lease of our Boeing 737-700 with Georgian Airways, to expand their international route network,” said Marc Baer, Air Lease Corporation's Executive Vice President, at the lease signing in Tbilisi, Georgia today.

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 an 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 partners worldwide through customized aircraft leasing and financing solutions. For more information, visit ALC's website at www.airleasecorp.com.