LOS ANGELES, California, August 5, 2013 — Today Air Lease Corporation (NYSE: AL) announced a long term lease agreement with Air Berlin for one new Boeing 737-800 aircraft scheduled for delivery in February 2016, as well as lease extensions on six aircraft currently in their fleet. The extensions average five year additional terms on four Boeing 737-800s, one Airbus A320-200, and one Airbus A321-200.

“Air Berlin and ALC have a special relationship. ALC leased its first new aircraft in May of 2010 to Air Berlin. The placement of the new 737-800 and the lease extensions of the ALC aircraft that they currently operate further the close links between our two companies. We look forward to supporting Air Berlin for many years to come as they grow their operations,” 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 an 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 partners worldwide through customized aircraft leasing and financing solutions. For more information, visit ALC's website at www.airleasecorp.com.

About Air Berlin

Air Berlin is one of Europe’s leading airlines. Offering 150 destinations in 40 countries and award-winning service, Air Berlin is the first choice for more than 33 million annual travelers. As Germany’s second largest airline, Air Berlin flies all over the world and offers passengers an extensive route network, a first class product and one of the most modern fleets in Europe.

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Ryan McKenna
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Strategic Planning and Investor Relations
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Media and Investor Relations Coordinator
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