LOS ANGELES, California, May 20, 2014 — Today Air Lease Corporation (NYSE: AL) announced long term lease agreements with Mihin Lanka for two new Boeing 737-800 aircraft, delivering from ALC’s orderbook in 2015.

"These two new Boeing 737-800s with winglets will modernize the Mihin Lanka fleet. We are pleased to expand our business relationship with Mihin Lanka and contribute to their fleet renewal strategy,” said Kishore Korde, Air Lease Corporation’s Senior Vice President.

Forward-Looking Statements

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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.