LOS ANGELES, July 22, 2015 - Air Lease Corporation (NYSE: AL) announced another long term lease agreement with Hawaiian Airlines for one additional new Airbus A330-200. This aircraft is from ALC’s order book with Airbus and will deliver in the second quarter of 2016.

“ALC is pleased to be leasing a second new A330-200 to Hawaiian Airlines. This aircraft will support Hawaiian’s expanding route network and long haul frequencies and we are delighted to be expanding our relationship,” said John L. Plueger, Air Lease Corporation’s President and Chief Operating Officer.

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 Hawaiian Airlines

Now in its 85th year of continuous service, Hawaiian Airlines is Hawai‘i’s biggest and longest-serving airline, as well as the largest provider of passenger air service from its primary visitor markets on the U.S. mainland. Hawaiian offers nonstop service to Hawai‘i from more U.S. gateway cities (11) than any other airline, along with service from Japan, South Korea, China, Australia, New Zealand, American Samoa, and Tahiti. Hawaiian also provides approximately 160 jet flights daily between the Hawaiian Islands. Hawaiian has led all U.S. carriers in on-time performance for each of the past 10 years (2004-2013) as reported by the U.S. Department of Transportation.