LOS ANGELES, CA, September 21, 2011 — Air Lease Corporation (ALC) is pleased to announce the additions of three Vice Presidents to its executive team – Chi Yan, Michael Bai, and Jenny Van Le."Michael Bai and Chi Yan add tremendous talent and depth to ALC's marketing efforts in China and Asia, and Jenny Van Le brings superb experience and expertise in financing and leasing to ALC's legal department. Collectively, these executives bring 27 years of experience in aircraft leasing from ILFC to the executive ranks at ALC. We are delighted they sought to join our growing team," said Grant Levy, ALC's Executive Vice President.

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.