LOS ANGELES, California, April 28, 2014 — Today Air Lease Corporation (NYSE: AL) announced lease agreements with China Airlines for three new Boeing 737-800 aircraft, which are scheduled for delivery in 2015 and 2016. These aircraft are from ALC’s order book from Boeing.

"We are excited to announce this strategic placement of three new 737-800s with China Airlines. Although a new customer to ALC, China Airlines and our management team have enjoyed a successful relationship for many years, and therefore we are particularly pleased to now welcome China Airlines to the ALC family,” said John Plueger, President and Chief Operating Officer of Air Lease Corporation.

"China Airlines is very pleased to conclude its first transaction with ALC,” said Huang-Hsiang Sun, Chairman of China Airlines. “The addition of these new 737-800s will further strengthen our competitiveness in the regional service and enhance our overall product offering.”

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 China Airlines

Founded in 1959, China Airlines is Taiwan’s largest airline with a fleet of 85 aircraft and more than 10,000 employees worldwide. As one of SkyTeam airline alliance’s 20 members, China Airlines offers extensive global network of more than 15,723 daily flights to 1,064 destinations in 178 countries. China Airlines has been named “Best Airline in North Asia” by Global Traveler Magazine, and received the highest 7-star rating for safety from AirlineRatings. As part of its new fleet introduction program, China Airlines will launch next-generation services in 2014 to continue promoting superior aviation safety as well as an eco-friendly, innovative and attentive service that provide passengers with satisfying travel experience.