LOS ANGELES, California, March 9, 2015 — Today Air Lease Corporation (NYSE: AL) announced the delivery of one new Boeing 777-300ER to Emirates, and one Airbus A321-200 (MSN 2270) to Iberia (Spain).

“The strength of our order book combined with our ability to identify and execute aircraft acquisitions will drive long term growth at ALC. We are very pleased to see this strategy unfold as we deliver this 777-300ER to our long term customer Emirates, and also this A321-200 to our new customer Iberia,” said Gregory B. Willis, Senior Vice President and CFO of ALC.

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.