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LOS ANGELES, December 23, 2015 - Air Lease Corporation (NYSE: AL) announced the sale of 25 ATR aircraft in its fleet to Nordic Aviation Capital A/S (“NAC”). These ATR aircraft have served ALC well in meeting the demand from airline customers operating shorter sector lengths. As the business has matured, ALC has focused more on its mainline jet aircraft operations with these turboprop aircraft now accounting for less than 5% of the current fleet. NAC is a global leader specializing in meeting the needs of ATR turboprop operators and this transaction adds further scale to their business. ALC anticipates that a majority of aircraft transfers will occur during the first half of 2016.“This is a great result for ALC shareholders. Our ATR fleet is a profitable platform which assisted ALC with its early development. The sale of this portfolio allows us to deploy more capital to grow our main line jet fleet” said Steven F. Udvar-Házy, Chairman and Chief Executive Officer of Air Lease Corporation.“NAC is the world’s largest turboprop lessor and this fleet of ATR aircraft is a fantastic addition to our current portfolio of over 250 aircraft. ALC has built up an impressive group of ATR customers and we are delighted to add them to our growing list of customers. We look forward to providing them with the same high level of customer care that ALC has provided to them in recent years. We understand ALC’s desire to maintain focus on mainline jets as NAC will also continue to maintain its focus on our core regional aircraft market” said Martin Møller, Chairman of Nordic Aviation Capital A/S.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected transfer 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.Investors: Ryan McKenna Vice PresidentEmail: [email protected]: Laura St. John Manager, Media and Investor RelationsEmail: [email protected]

LOS ANGELES, California, January 12, 2014 — Today Air Lease Corporation (NYSE: AL) announced that, pursuant to long term lease agreements, ALC will deliver eight (8) new Boeing 777-300ER widebody aircraft to six (6) different airlines in 2015, all from ALC's order book with Boeing (NYSE: BA). The following airlines are scheduled to take delivery of these new ALC Boeing 777-300ERs in 2015: Air France (1), Emirates (1), Korean Air (2), EVA Air (1), KLM (1), and Ethiopian Airlines (2).In 2014, ALC delivered five (5) new Boeing 777-300ER aircraft on long term lease including two (2) to British Airways, two (2) to Air New Zealand and one (1) to Etihad Airways.“ALC is a leader in leasing new technology single and twin-aisle aircraft to airlines worldwide, and we are pleased with our strong relationships with these world class international airlines,” said John L. Plueger, President and Chief Operating Officer of Air Lease Corporation.Forward-Looking StatementsThis 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. Investors:Ryan McKenna Vice PresidentEmail: [email protected] Media: Laura St. John Manager, Media and Investor Relations Email: [email protected]

LOS ANGELES, California, May 12, 2014 — Today Air Lease Corporation (NYSE: AL) announced its owned aircraft fleet has reached 200 aircraft. The milestone was achieved late last week, when Air Lease simultaneously delivered three new aircraft to three different lessees in three international cities on the same day. On Friday, May 9th, a new Boeing 737-800 was delivered to MIAT Mongolian Airlines in Seattle, Washington; a new Airbus A321 was delivered to Thomas Cook Airlines in Hamburg, Germany; and a new ATR 72-600 was delivered to Golden Myanmar Airways in Toulouse, France. These aircraft were all from ALC’s order book, and are all on long term leases with these airlines. “We are pleased to announce that ALC has reached another milestone on May 9th by acquiring our 200th aircraft. As we discussed in last week’s first quarter earnings call, ALC has benefited from strong replacement-driven demand for new generation aircraft from our airline customers. We have also enjoyed a lower rate of funding, which resulted in wider profit margins, a more robust balance sheet, and a stronger overall financial profile than originally anticipated. These factors have allowed ALC the flexibility to absorb more aircraft into its fleet at a faster pace than projected at the founding of the company. I am very grateful to our entire ALC team who has delivered these results at a record pace,” said Steven F. Udvar-Hazy, Chairman and CEO of Air Lease Corporation.Forward-Looking StatementsThis 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. Investors:Ryan McKenna Vice PresidentEmail: [email protected] Media: Laura St. John Manager, Media and Investor RelationsEmail: [email protected]

LOS ANGELES, California, May 7, 2014 — Today Air Lease Corporation (NYSE: AL) announced the election of a new independent director to its Board of Directors (the “ALC Board”) at the company’s annual meeting of stockholders. Marshall O. Larsen was elected to the ALC Board along with the seven currently serving members. Mr. Larsen also will serve on the ALC Board’s nominating and corporate governance committee. “Marshall Larsen is an outstanding addition to our esteemed Board of Directors. His distinguished career leading Goodrich Corporation has given him a unique insight into the aerospace industry that will benefit our company and shareholders tremendously,” said Steven F. Udvar-Hazy, Chairman and Chief Executive Officer of ALC.Mr. Larsen served as Chairman, President and Chief Executive Officer of Goodrich Corporation from 2003 until July 2012, when Goodrich was acquired by UTC. He was elected as President and Chief Operating Officer of Goodrich in February 2002, and as a director in April 2002. From 1995 through January 2002, Mr. Larsen served as Executive Vice President of Goodrich and President and Chief Operating Officer of Goodrich Aerospace. Mr. Larsen joined Goodrich in 1977. Mr. Larsen is a former Chairman of the U.S. Aerospace Industries Association, and serves as a director of Becton, Dickinson and Company, Lowe’s Companies Inc., United Technologies Corporation and the Federal Reserve Bank of Richmond. He is active in numerous community activities and is a member of the Krannert School of Management Advisory Board, Purdue University. Mr. Larsen received his Bachelor of Science degree from the U.S. Military Academy and his Masters of Science degree in Industrial Administration from Purdue University.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 partners worldwide through customized aircraft leasing and financing solutions. For more information, visit ALC's website at www.airleasecorp.com.Investors: Ryan McKenna Vice PresidentStrategic Planning and Investor Relations Email: [email protected]: Laura St. John Manager, Media and Investor RelationsEmail: [email protected]

LOS ANGELES, California, December 13, 2013 — Today Air Lease Corporation (NYSE: AL) announced the election of a new independent director to its Board of Directors (the “ALC Board”). After conducting a thorough search process led by the nominating and governance committee of the ALC Board, Cheryl Gordon Krongard was unanimously elected to the ALC Board by the current directors effective immediately. Ms. Krongard also will serve on the ALC Board’s Compensation Committee. “We are pleased to welcome Cheryl Krongard to our esteemed Board of Directors. Her outstanding reputation combined with her finance and aviation experience will benefit our company and shareholders tremendously,” said Steven F. Udvar-Hazy, Chairman and Chief Executive Officer of ALC.Ms. Krongard was a senior partner of Apollo Management, L.P., a private investment company, from January 2002 to December 2004. From 1994 to 2000, she served as the Chief Executive Officer of Rothschild Asset Management and as Senior Managing Director for Rothschild North America. Additionally, she served as a director of Rothschild North America, Rothschild Asset Management, Rothschild Asset Management BV, and Rothschild Realty Inc. and as Managing Member of Rothschild Recovery Fund. Ms. Krongard serves on the board of directors of Legg Mason, Inc., a diversified group of global asset management firms (since 2006), and served as a director of US Airways Group Inc. from 2005 until its recent merger with AMR Corp and Educate, Inc. Ms. Krongard was elected a lifetime governor of the Iowa State University Foundation in 1997 and has served as Chairperson of its Investment Committee. She also is a member of the Deans Advisory Council, Iowa State University College of Business. After the election of Ms. Krongard, the ALC Board accepted the retirements of John G. Danhakl, Antony P. Ressler, and Wilbur L. Ross, Jr. who have served on the ALC Board since 2010. “We are extremely grateful for the service of John, Tony and Wilbur to our Company and their early investment in ALC. These gentlemen were instrumental in the founding of our company and helped us launch and build an industry leading aircraft leasing business. They fully delivered on their promises of helping the company establish a strong base that would allow ALC to grow and prosper. We wish them all the best in their future endeavors and will always be thankful,” said Steven F. Udvar-Hazy, Chairman and Chief Executive Officer of ALC.Following the retirement of Messrs. Danhkl, Ressler and Ross, the current directors elected Ian Saines to the ALC Board’s Audit Committee and Robert Milton to the ALC Board’s Compensation Committee. Forward-Looking StatementsThis 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 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 Assistant Vice PresidentStrategic Planning and Investor Relations Email: [email protected]: Laura St. John Media and Investor Relations Coordinator Email: [email protected]