09 May 2011

Air Lease Corporation Expands Twin-Aisle Growth

LOS ANGELES, CA, May 9, 2011 – Air Lease Corporation (ALC) announced today that it has signed lease agreements for 10 additional twin-aisle aircraft.“These twin-aisle lease placements fit ALC’s growth plan which includes broadening our global customer base and fleet with a prudent, measured quantity of new or young high demand A330-200/300 and 777-300ER twin-aisle aircraft,” said John L. Plueger, President and Chief Operating Officer of Air Lease Corporation.

The Airbus A330-200, A330-300, and Boeing 777-300ER aircraft were placed as follows: ALC and Vietnam Airlines have entered into lease agreements through 2019 covering two new A330-200’s delivering in October and November 2011.ALC acquired an A330-200 (MSN 1138) on lease to Sichuan Airlines through 2022.KLM and ALC have entered into a lease agreement through 2020 for a new A330-300 scheduled for delivery in February 2012.Air France leased a Boeing 777-300ER (MSN 35542) from ALC through 2019; this follows a new Boeing 777-300ER leased to Air France by ALC which delivered in December 2010.ALC and Alitalia have entered into 12 year lease agreements for three new A330-200 aircraft delivering in April, May, and September 2011.

Air Austral, leased a new Boeing 777-300ER from ALC on lease through 2019.Hawaiian Airlines has signed a 12 year lease for a new A330-200 from ALC delivering mid 2012.ALC acquired a Boeing 777-300ER (MSN 35254) on lease to Air Canada through 2021.

About Air Lease Corporation (NYSE: AL)

Launched in 2010, Air Lease Corporation (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

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