LOS ANGELES, California, March 3, 2015 - Today Air Lease Corporation (NYSE: AL) announced an agreement to lease two new Boeing 787-9 Dreamliner aircraft to Air Tahiti Nui. Both aircraft are from ALC’s order book with Boeing and scheduled to deliver to French Polynesia’s flag carrier airline in the fall of 2018.

“We are very pleased to announce this lease placement with Air Tahiti Nui, a new customer for ALC. We believe the efficiency and interior design of the new Dreamliner aircraft will strengthen Air Tahiti Nui’s market position, enhance the customer travel experience, and expand Tahitian tourism – all of which will impact the airline’s long term stability and success,” said Steven F. Udvar-Hazy, Chairman and CEO 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.

About Air Tahiti Nui

Air Tahiti Nui, the International Airline of French Polynesia, connects The Islands of Tahiti with online services from Los Angeles, Tokyo, Paris and Auckland. With codeshare partners American Airlines, Qantas, Korean Air, Japan Airlines, Air New Zealand, Air France and SNCF (France), Air Tahiti Nui provides connecting services to over 40 additional cities in North America, Australia, Asia and France.