LOS ANGELES, California, April 9, 2013 — Today Air Lease Corporation (NYSE: AL) announced the delivery of one new Airbus A330-300 wide-body aircraft (MSN 1397) on lease to Sichuan Airlines (Chengdu, China) for twelve years.

"Sichuan Airlines has been a strong customer of Air Lease Corporation since July 2010 and we are pleased that our A330 will now enter service and operate on the airline's highest density trunk routes,” said Jie Chen, Executive Vice President of Air Lease Corporation.

Sichuan Airlines operates both Airbus A320 family and A330 family aircraft on lease from ALC.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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.

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Ryan McKenna
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Strategic Planning and Investor Relations
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