LOS ANGELES, California, September 29, 2015 — Today Air Lease Corporation (NYSE: AL) announced the placement of one new ATR 72-600 aircraft on long term lease with Antigua-based LIAT (Leeward Islands Air Transport). The aircraft is from ALC’s order book with ATR and is scheduled to deliver in the third quarter of 2016.

“We are pleased to place yet another new fuel efficient aircraft with LIAT, who has been a valued customer of ALC for several years. This ATR 72-600 will replace an older Bombardier Dash 8 aircraft to maintain scheduled fleet operations in the Caribbean,” said Kishore Korde, Executive 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.

About LIAT

LIAT is one of the leading Caribbean airlines. It is owned by regional shareholders, with major shareholders being the Governments of Barbados, Antigua & Barbuda and St. Vincent & the Grenadines. More information about LIAT may be found at www.liat.com.

Investors:
Ryan McKenna
Vice President
Email: [email protected]

Media:
Laura St. John
Manager, Media and Investor Relations
Email: [email protected]