LOS ANGELES, California, July 17, 2013 — Today Air Lease Corporation (NYSE: AL) announced long term lease agreements with Jet Time (Denmark) for one Boeing 737-700 aircraft scheduled for delivery in November 2013, and two new ATR 72-600s scheduled for delivery in April and May 2014.

“We are pleased to announce the placement of two ATR72-600 and one Boeing 737-700 aircraft with our newest customer Jet Time, for its ACMI and charter business on behalf of SAS and other airlines. We look forward to continuing our business relationship with Jet Time as Jet Time is reminiscent of ALC in that it is a relatively young carrier with a well experienced and excellent management team,” said Grant Levy, Executive 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 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.

About Jet Time

Jet Time A/S is a Danish Airline. The company was certified by the Danish aviation authorities and began operating in March 2006. The profiles behind the company are a number of renowned Danish business people – the management and the staff are mainly professionals from the airline industry with many years of experience. The basic idea behind the company was to develop a Business-to-Business provider to focus on contracted flights for Inclusive Tours Operators as well as others with group travel needs.

Investors:
Ryan McKenna
Assistant Vice President
Strategic Planning and Investor Relations
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Media:
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Media and Investor Relations Coordinator
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