FARNBOROUGH, United Kingdom, July 11, 2016 — Today Air Lease Corporation (NYSE: AL) announced long term lease agreements for four new Airbus A350-1000 aircraft with Virgin Atlantic Airways. The aircraft are from ALC’s order book with Airbus, with two delivering in spring 2020 and two delivering in spring 2021. These new A350-1000s will replace Virgin Atlantic Airways’ Boeing 747 aircraft built in the 1990’s on routes from London across the Atlantic.

“We have a long history and an excellent relationship with Virgin Atlantic Airways, and we are pleased to be a part of modernizing their long haul fleet,” 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.