LOS ANGELES, CA, August 1, 2011 — Air Lease Corporation (ALC) has delivered its first new Embraer aircraft from the direct order placed at the Farnborough International Air-Show in 2010. This is ALC’s first of six CF34-10E7-powered E190s leased to TRIP Linhas Aéreas.

“The strength of our order book containing modern, fuel efficient aircraft and key delivery positions will drive long term growth at ALC. We are very pleased to see this strategy unfold, as we deliver the first E190 from our order book to TRIP, Brazil’s largest regional airline. We look forward to continuing our long term partnerships with both Embraer and TRIP.” said Steven F. Udvar-Hazy, Chairman and CEO of ALC.

The E-Jet Family is known for their versatility among regional narrow body aircraft. Last month’s Paris Air Show order brought ALC’s current contract with Embraer to 30 E-Jets, including 25 E190s and 5 E175s.

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.

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