LOS ANGELES, California, April 4, 2013 — Today Air Lease Corporation (NYSE: AL) announced lease agreements with NAS Air (Saudi Arabia) for three Airbus A320-200 aircraft (MSNs 2776, 3218 and 3256). The three aircraft are contracted on six year leases and will deliver in May, August, and October 2013.

"ALC is pleased to add NAS Air as a new lease customer in the Middle East region. This fast growing airline has demonstrated excellent customer service and is expanding their route network, as well as increasing flight frequencies on their most popular markets,” said Alex Khatibi, 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 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 NAS Air

Launched in the Kingdom of Saudi Arabia in February 2007, NAS Air has transported more than 9 million passengers and is a pioneering 'Smart Airline' thanks to its four core values of: Being on Time, Competitive Fares, Young Fleet and Smart Services. Serving passengers with 524 weekly flights, the young fleet consists of 16 aircraft and covers 24 destinations both within and outside Saudi Arabia. The fleet is considered the youngest in the region with Airbus A320s and Embraer E190s flying passengers in complete comfort, made even more accessible by the competitive pricing.

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]