LOS ANGELES, CA, June 15, 2011 — Air Lease Corporation (ALC) is set to join the U.S. broad-market Russell 3000 Index when Russell Investments reconstitutes its U.S. and global equity indexes on June 24, according to the preliminary list of additions posted June 10 on www.russell.com/indexes. The Russell 3000 Index specifically measures the performance of the largest 3,000 U.S. companies, determined primarily by objective, market-capitalization rankings and style attributes.

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $3.9 trillion in institutional assets currently are benchmarked to them. The Russell 3000 also serves as the U.S. component to the Russell Global Index.

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
Director, Strategic Planning and Investor Relations
Email: [email protected]

Media:
Laura St. John
Media and Investor Relations Coordinator
Email: [email protected]

Air Lease Corporation
Phone: 310.553.0555
Fax: 310.553.0999