LOS ANGELES, California, April 10, 2013 — Today Air Lease Corporation (NYSE: AL) announced a lease agreement with Aerolíneas Argentinas for six new Boeing 737-800 aircraft, each on lease for twelve years. The aircraft are scheduled for delivery between November 2014 and February 2016.

"ALC continues to expand our relationships globally with airlines that have strong operational and growth plans. We are pleased to add Aerolíneas Argentinas as a new customer and look forward to working with them in the years to come,” said Matt Stevens, Air Lease Corporation’s Marketing Manager of Latin America.

“For the last four years Aerolíneas Argentinas has been committed to a solid business plan focusing on our domestic and regional core route network. As the fleet renewal continues, the Boeing 737 NG has been introduced with excellent results. Aerolíneas Argentinas is proud to welcome six new Boeing 737-800 NG from ALC. We look forward to a long term and productive business relationship with the leading and prestigious lessor,” said Sergio García Gómez, Manager of Fleet Planning and Financial Restructuring at Aerolíneas Argentinas.

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 Aerolíneas Argentinas

Founded in 1950, Aerolíneas Argentinas is one of the leading South American carriers. From its home bases in Aeroparque Jorge Newbery and Ezeiza International Airport in Buenos Aires, Aerolíneas Argentinas flies to 18 international destinations in The Americas, Europe and the South Pacific. Along with Austral Líneas Aéreas, Aerolíneas operates flights to 35 destinations in Argentina, flying to more cities in the Argentine territory than any other airline. Aerolíneas provides dynamic links between Argentina and the region through its relaunched hub in Aeroparque Jorge Newbery city airport. The Aerolíneas group is carrying out an ambitious fleet renewal program.

Investors:
Ryan McKenna
Assistant Vice President
Strategic Planning and Investor Relations
Email: [email protected]

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