LOS ANGELES, August 19, 2015 - Air Lease Corporation (NYSE: AL) announced the delivery of one new Boeing 737-800NG on long-term lease to American Airlines on August 14, 2015.

“ALC is very pleased to announce the lease of this new Boeing 737-800 to American Airlines, a new customer for ALC and a leading airline of the world. We look forward to a long-term relationship with American as they continue to renew and modernize their fleet and ALC expands its US presence,” said Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer.

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 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 American Airlines Group

American Airlines Group (NASDAQ: AAL) is the holding company for American Airlines and US Airways. Together with regional partners, operating as American Eagle and US Airways Express, the airlines operate an average of nearly 6,700 flights per day to nearly 350 destinations in more than 50 countries. American is a founding member of the oneworld alliance, whose members and members-elect serve nearly 1,000 destinations with 14,250 daily flights to 150 countries. This year American topped Fortune Magazine's list of best business turnarounds and its stock was added to the S&P 500 index. Connect with American on Twitter @AmericanAir and at Facebook.com/AmericanAirlines.