LOS ANGELES, California, March 18, 2014 — Today Air Lease Corporation (NYSE: AL) announced a long term lease agreement with Emirates for one new Boeing 777-300ER aircraft, which is scheduled for delivery in 2015.

“ALC is pleased to lease this new Boeing 777-300ER to Emirates, one of the world’s leading airlines as well as the largest airline in the Middle East. This aircraft will add to Emirates’ rapidly expanding flight network featuring the most modern and fuel efficient aircraft in production,” said Alex Khatibi, Executive Vice President of Air Lease Corporation.

Forward-Looking Statements

This press release may contain 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.