LOS ANGELES, California, June 13, 2012 — Air Lease Corporation (NYSE: AL) announced today its acquisition of one 2009 Boeing 777-300ER on lease through 2022 to Cathay Pacific Airways, a new customer for ALC.

“We are delighted to announce our first lease transaction with Cathay Pacific Airways, one of the world's preeminent airlines. This is an incremental transaction for ALC in 2012 that is perfectly in line with our growth plan.” said John L. Plueger, President & Chief Operating Officer of ALC.

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)

Launched in 2010, 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
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Strategic Planning and Investor Relations
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Media:
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Media and Investor Relations Coordinator
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