12 May 2016

Air Lease Corporation Delivers First of Two New Airbus A320-200 Aircraft to Frontier Airlines

LOS ANGELES, May 12, 2016 – Air Lease Corporation (NYSE: AL) today announced the delivery of one new Airbus A320-200 to Frontier Airlines, the first of two new Airbus A320-200 aircraft deliveries on long-term lease from ALC’s order book with Airbus. The second A320-200 is scheduled to deliver in fall 2016.

“We are very pleased to deliver our first new A320-200 to Frontier Airlines, a new customer for ALC. We look forward to continuing our successful relationship with their management team as the airline optimizes its fleet for its low cost model,” said Matthew Stevens, Manager of Marketing at 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 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 Frontier Airlines

Frontier Airlines is committed to offering ‘Low Fares Done Right’ to nearly 60 destinations in the United States, Dominican Republic, Mexico and Jamaica on nearly 270 daily flights. Headquartered in Denver, Frontier’s hard-working aviation professionals pride themselves in delivering the company’s signature Rocky Mountain hospitality to customers. Frontier Airlines is the proud recipient of the Federal Aviation Administration’s 2015 Diamond Award for maintenance excellence and was recently named the industry’s most fuel-efficient airline by The International Council on Clean Transportation (ICCT) as a result of superior technology and operational efficiencies.

For more information or to purchase a Frontier flight, visit FlyFrontier.com, where Frontier guarantees the best travel value for Frontier flights. Customers can sign up at FlyFrontier.com/email-alert receive special discounts and promotions only available to Frontier’s email subscribers. Special offers are also available by following Frontier on Twitter at Twitter.com/FlyFrontier or by liking Frontier on Facebook at Facebook.com/FlyFrontier.




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