21 May 2013

Air Lease Corporation Announces the Placement of Two New Airbus A321-200s with Air Macau

LOS ANGELES, California, May 21, 2013 — Today Air Lease Corporation (NYSE: AL) announced long term lease agreements with Air Macau for two new Airbus A321-200 aircraft, which are scheduled for delivery in October 2014 and March 2015.

“ALC has worked closely with Air Macau’s management team since 2010 to provide fleet planning solutions that enhance their future operations. We are pleased that these two new and efficient aircraft will be a part of their long term fleet plans,” said Jie Chen, Executive Vice President and Managing Director, Asia.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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.

Investors:
Ryan McKenna
Assistant Vice President
Strategic Planning and Investor Relations
Email: rmckenna@airleasecorp.com

Media:
Laura St. John
Media and Investor Relations Coordinator
Email: lstjohn@airleasecorp.com




Investors

Depalma Maryliz 004

Mary Liz DePalma

Director of Investor Relations

Phone: +1 310.553.0555
Fax: +1 310.553.0999
Email: mdepalma@airleasecorp.com

Media

Stjohn Laura 018 Lorez

Laura Woeste

Manager, Media and Investor Relations

Phone: +1 310.553.0555
Fax: +1 310.553.0999
Email: lwoeste@airleasecorp.com