LOS ANGELES, California, February 12, 2015 — Today Air Lease Corporation (NYSE: AL) announced the delivery of one new ATR 72-600 aircraft to APEX Airlines (Myanmar), a new customer for ALC. This aircraft is from ALC’s order book with ATR.

“ALC is pleased to add APEX Airlines as a new customer. This fuel efficient ATR 72-600 will support APEX’s growth in Myanmar’s rapidly expanding commercial aviation industry,” said Chi Yan, 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 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.