03 Dec 2014

Air Lease Corporation Announces the Lease Placement of Two New Boeing 737-800s and Four New Boeing 737 MAX 8 Aircraft with Sunwing Airlines

LOS ANGELES, California, December 3, 2014 — Today Air Lease Corporation (NYSE: AL) announced long term lease agreements with Sunwing Airlines (Canada) covering two new Boeing 737-800 aircraft and four new Boeing 737 MAX 8 aircraft. These aircraft, all from ALC's order book, are scheduled to deliver over a four year period commencing in 2016.

"ALC is pleased to support Sunwing's current and new generation single aisle fleet program. The six new aircraft complement our Boeing 737-800 currently under lease with Sunwing," said John L. Plueger, President and Chief Operating Officer of Air Lease Corporation.

President of Sunwing Airlines, Mark Williams, commented, “The acquisition of our new Boeing 737-800 and 737 MAX 8 aircraft is an integral part of our overall expansion plan across an increasing number of both Canadian and U.S. gateways. This year we will be operating flights out of 45 Canadian and U.S. local airports to over 40 different destinations across North and South America, and the Caribbean. As we continue to grow, having aircraft that will enable us to offer a reliable, cost-effective and environmentally-conscious service is paramount. So we are delighted to be able to include the new 737 MAX 8 in our fleet for the first time.”

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 Sunwing Airlines

Sunwing Airlines has been offering affordable flights since 2005. Operating convenient direct flights from 34 different Canadian gateways to over 30 vacation destinations, savvy travelers choose Sunwing because of the airline's unbeatable prices, reliability, and award winning service. Sunwing's modern fleet of Boeing 737-800 aircrafts has helped the airline achieve an outstanding performance record for on-time departures, as well as increased fuel efficiency, contributing to the carrier's low fares.




Investors

Depalma Maryliz 004

Mary Liz DePalma

Director of Investor Relations

Phone: +1 310.553.0555
Fax: +1 310.553.0999
Email: mdepalma@airleasecorp.com

Media

Stjohn Laura 018 Lorez

Laura Woeste

Manager, Media and Investor Relations

Phone: +1 310.553.0555
Fax: +1 310.553.0999
Email: lwoeste@airleasecorp.com