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Air Lease Corporation Announces Lease Placement of Four New Boeing 787-9s and Two New Boeing 787-10s with EVA Air

Paul Sadler Customers

LOS ANGELES, December 16, 2015 - Air Lease Corporation (NYSE: AL) announced long term lease agreements with EVA Air (Taiwan) for four new B787-9s and two new B787-10s. These aircraft are from ALC’s Dreamliner order book with Boeing and will deliver from mid-2018 through early 2020. These placements will bring the number of new Boeing widebody aircraft that EVA Air will lease from ALC to ten, including four B777-300ERs already contracted.“ALC is extremely pleased to conclude these important placements with EVA Air, one of the premier international airlines in Asia. EVA Air is a significant customer for ALC in the Asia Pacific region and these lease placements underline our commitment to EVA Air’s successful growth,” said Jie Chen, Air Lease Corporation’s Executive Vice President and Managing Director, Asia.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.About EVA Airways Corporation (EVA Air)EVA Air, a premier international airline based in Taiwan, was established in 1989 and has become a Star Alliance member since June 2013. EVA Air is a modern global network airline operating scheduled international passenger flights and cargo services to Asia, North America, Europe, and Oceania. For more information, visit EVA Air’s website at www.evaair.com.Investors: Ryan McKenna Vice PresidentEmail: [email protected]: Laura St. John Manager, Media and Investor RelationsEmail: [email protected]

Air Lease Corporation Announces the Lease Placement of Two New Boeing 787-9 Aircraft with El Al

Paul Sadler Customers

LOS ANGELES, California, December 14, 2015 — Today Air Lease Corporation (NYSE: AL) announced an agreement to lease two new Boeing 787-9 Dreamliner aircraft to El Al. Both aircraft are on long-term lease from ALC’s order book with Boeing and are scheduled to deliver to Israel’s flag carrier airline in the third quarter and early fourth quarter of 2017. These new Boeing 787-9 Dreamliner aircraft will replace older Boeing 747-400s in El Al's fleet and will be the first two 787s for the airline.“We are very pleased to announce this lease placement with El Al, a new customer for ALC. We believe the efficiency and interior design of the new Dreamliner aircraft is a valuable addition to El Al’s all-Boeing fleet and will further strengthen the airline’s long-term stability and success,” said Kishore Korde, Executive Vice President 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.About El Al El Al Israel Airlines Ltd (TASE: ELAL), trading as El Al, is the flag carrier of Israel and has been ranked by IATA as one of the most efficient airlines in the world. EL AL was established in 1948 as the national airline of Israel and has since become a prestigious international carrier. The airline’s all-Boeing fleet has grown to serve some 45 destinations, operating scheduled domestic and international services and cargo flights to Europe, North America, Africa and the Near and Far East from its main base in Ben Gurion International Airport.Investors:Ryan McKenna Vice PresidentEmail: [email protected] Media: Laura St. John Manager, Media and Investor Relations Email: [email protected]

Air Lease Corporation Announces Delivery of First of Four New Boeing 777-300ERs on Long Term Lease with EVA Air

Paul Sadler Customers

LOS ANGELES, November 12, 2015 - Today Air Lease Corporation (NYSE: AL) announced the delivery of the first of four new B777-300ER widebody aircraft on long term lease with EVA Air (Taiwan). The additional three aircraft are scheduled for delivery in 2016 and 2017, and all four are from ALC’s order book with Boeing. “ALC is delighted to deliver this first of four new 777-300ERs to EVA Air, which also happens to be the fleet debut of the airline’s new aircraft livery,” said Steven F. Udvar-Házy, Chairman and Chief Executive Officer of Air Lease Corporation. “We look forward to a long and prosperous relationship with EVA as they continue to grow their long haul fleet network.”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.About EVA Airways Corporation (EVA Air)EVA Air, a premier international airline based in Taiwan, was established in 1989 and has been a Star Alliance member since June 2013. EVA Air is a modern network airline operating scheduled international passenger flights and cargo services to Asia, North America, Europe, and Oceania. For more information, visit EVA Air’s website at www.evaair.com. Investors: Ryan McKenna Vice PresidentEmail: [email protected]: Laura St. John Manager, Media and Investor Relations Email: [email protected]