LOS ANGELES, California, June 10, 2015 — Today Air Lease Corporation (NYSE: AL) announced long term lease agreements with China Eastern Airlines for three new Boeing 737-800 aircraft. The aircraft are from ALC’s order book with Boeing and are scheduled for delivery in 2016.

“We have worked closely with China Eastern Airlines’ management team to develop long term jet aircraft leasing programs to optimize their fleet. The airline has already leased 15 new Airbus and Boeing jets from ALC, all of which have been delivered to the airline. The three additional 737-800s announced today bring the total to eighteen aircraft, demonstrating the importance of this continued long term relationship,” said Michael Bai, 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 China Eastern Airlines

China Eastern Airlines Corporation Limited (NYSE: CEA; SSE: 600115; SEHK: 0670) is headquartered in the China Eastern Airlines Building on the grounds of Shanghai Hongqiao International Airport in Changning District, Shanghai, China. It is a major Chinese airline operating international, domestic and regional routes, with main hubs at Shanghai Pudong International Airport and Shanghai Hongqiao International Airport.