LOS ANGELES, California, December 17, 2012 — Air Lease Corporation (NYSE: AL) announced today its placement of two new ATR 72-600s on long term lease to KALSTAR Aviation (Indonesia), delivering in the second and third quarters of 2013."KALSTAR is a major Indonesian regional airline serving the fast growing region of Kalimantan (Borneo), rich in natural resources and robust economic growth. KALSTAR operates ATR turboprops and Boeing 737s to serve its expanding network of both domestic and international routes in Southeast Asia," said Chi Yan, Vice President of Air Lease Corporation.

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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.