LOS ANGELES, California, April 27, 2015 — Today Air Lease Corporation (NYSE: AL) announced the delivery one Boeing 737-800 NG aircraft (MSN 30286) to Belavia (Belarus) on long term lease from ALC. The delivery of the aircraft, which was formerly on lease from ALC to Air Berlin, occurred on April 22, 2015.

“We are extremely pleased to continue our long-standing relationship with Belavia, and look forward to furthering the expansion of their aircraft fleet and operations,” said Steven F. Udvar-Házy, Chairman and Chief Executive Officer 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 Belavia

Belavia - Belarusian Airlines takes the leading position in passenger air transportations on the Belarusian market. The airline’s concept of positive image shaping is based on the safe regular and punctual operations as well as on improvement of passenger service quality.

Belavia is a modern, rapidly growing company that meets requirements of the latest innovations in air transport and is constantly focused on further development and improvement of the airline and attraction of greater number of passengers. Among the priorities of Belavia is its fleet renewal, optimization of resources, implementation of modern information technologies and improvement of service level both in flight and on the ground.

The Airline is customer-oriented and makes its best efforts to provide air traveling possibilities both by its own direct flights and those of its partners to continue their journey immediately to any country in the world as per customer’s needs.

Business travelers and tourists can appreciate at its true value Belarusian hospitality and responsible attitude of the airline staff to fulfillment of their functions. Owing to the cooperative team of highly qualified professionals who are proud of their work, for the short period of time Belavia has showed itself as a reliable and competitive air carrier.