Financial

Los Angeles, California, November 5, 2015 — Air Lease Corporation (ALC) (NYSE: AL) announced today financial results for the three and nine months ended September 30, 2015. The PDF file containing the full earnings release is available for download at www.airleasecorp.com/press.

LOS ANGELES, California, October 27, 2015 — Air Lease Corporation (ALC) (NYSE: AL) today announced that Standard & Poor's Ratings Services revised its outlook on ALC to positive from stable, and affirmed all ratings, including the 'BBB-' corporate credit rating.Standard & Poor’s highlighted in its press release that the positive outlook reflects Air Lease Corporation’s improved credit metrics and the expectation that this trend will continue. Greg Willis, Senior Vice President and Chief Financial Officer of Air Lease Corporation commented, “We are pleased that Standard & Poor's has recognized Air Lease’s strengthening credit profile with a positive outlook on our corporate credit rating. We benefit from diversified funding sources, our low-leverage unencumbered balance sheet, the strength of our core business, and the continued growth of the global airline industry.”Additional information regarding ALC’s revision in outlook can be found in Standard and Poor’s press release dated October 26, 2015 available on Standard and Poor’s website at www.standardandpoors.com. None of the information on Standard and Poor’s website, including the press release, is incorporated by reference into or is otherwise a part of this press release. The upgrade is subject to revision or withdrawal at any time by the rating agency and is not a recommendation to buy, sell or hold securities.Forward-Looking StatementsThis press release contains 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)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 President, Strategic PlanningEmail: [email protected]: Laura St. John Manager, Media and Investor RelationsEmail: [email protected]

LOS ANGELES, October 5, 2015 -- Air Lease Corporation will host a conference call on November 5, 2015 at 4:30 PM Eastern Time to discuss the Company's financial results for the third quarter of 2015.Investors can participate in the conference call by dialing (877) 280-2126 domestic or (678) 562-4234 international. The passcode for the call is 52144828.The conference call will also be broadcast live through a link on the Investor Relations page of the Air Lease Corporation website at www.airleasecorp.com. Please visit the website at least 15 minutes prior to the call to register, download and install any necessary audio software. A replay of the broadcast will be available on the Investor Relations page of the Air Lease Corporation website.For your convenience, the conference call can be replayed in its entirety beginning at 7:30 PM ET on November 5, 2015 until 11:59 PM ET on November 12, 2015. If you wish to listen to the replay of this conference call, please dial (855) 859-2056 domestic or (404) 537-3406 international and enter passcode 52144828.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, August 11, 2015 — Air Lease Corporation (NYSE: AL) (the “Company”) today announced the pricing of its public offering of $500 million aggregate principal amount of 2.625% unsecured senior notes due 2018 (the “Notes”). The Notes were offered to the public at a price of 99.500% of par. The sale of the Notes is expected to close on August 18, 2015, subject to satisfaction of customary closing conditions. The Notes will mature on September 4, 2018 and will bear interest at a rate of 2.625% per annum, payable semi-annually in arrears on March 4 and September 4 of each year, commencing on March 4, 2016. The Company intends to use the net proceeds of the offering for general corporate purposes, which may include, among other things, the purchase of commercial aircraft and the repayment of existing indebtedness. BofA Merrill Lynch, J.P. Morgan, Mizuho Securities, Wells Fargo Securities, BMO Capital Markets, BNP PARIBAS, Citigroup, Credit Agricole CIB, Credit Suisse, Fifth Third Securities, Lloyds Securities, MUFG, Natixis, RBC Capital Markets, Santander and SunTrust Robinson Humphrey are acting as joint book-running managers for the offering of the Notes. The Notes are being offered pursuant to an effective shelf registration statement that the Company previously filed with the Securities and Exchange Commission (the “SEC”). The offering of the Notes is being made only by means of a prospectus supplement and accompanying base prospectus. Before you invest, you should read the base prospectus and prospectus supplement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may obtain these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies may be obtained from: (i) J.P. Morgan Securities LLC at 383 Madison Ave., New York, New York 10179 or by calling collect at 1 (212) 834-4533; (ii) Merrill Lynch, Pierce, Fenner & Smith Incorporated at 222 Broadway, 11th Floor, New York, New York 10038, Attention: Prospectus Department, or by calling 1 (800) 294-1322; (iii) Mizuho Securities USA Inc. at 320 Park Avenue, 12th Floor, New York, New York 10022 or by calling 1 (866) 271-7403; or (iv) Wells Fargo Securities, LLC at 608 2nd Avenue, South Minneapolis, Minnesota 55402, Attention: WFS Customer Service, or by calling 1 (800) 645-3751. This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward-Looking Statements This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the expected closing of the offering and the intended use of proceeds. Forward-looking statements are based on estimates and assumptions made by our management and are believed to be reasonable, though they are inherently uncertain and difficult to predict. Our forward-looking statements speak only as of the date on which they are made and we do not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of the statement. Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those expressed or implied by the forward-looking statements based on a number of factors, including but not limited to, unexpected delays in the closing process for the Notes, unanticipated cash needs, and those risks detailed in our filings with the SEC, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2014. Contact:Ryan McKenna, 310-553-0555Vice President, Air Lease [email protected]

Los Angeles, California, August 6, 2015 — Air Lease Corporation (ALC) (NYSE: AL) announced today financial results for the three and six months ended June 30, 2015. The PDF file containing the full earnings release is available for download at www.airleasecorp.com/press.

LOS ANGELES, June 30, 2015 -- Air Lease Corporation will host a conference call on August 6, 2015 at 4:30 PM Eastern Time to discuss the Company's financial results for the second quarter of 2015.Investors can participate in the conference call by dialing (877) 280-2126 domestic or (678) 562-4234 international. The passcode for the call is 60908790.The conference call will also be broadcast live through a link on the Investor Relations page of the Air Lease Corporation website at www.airleasecorp.com. Please visit the website at least 15 minutes prior to the call to register, download and install any necessary audio software. A replay of the broadcast will be available on the Investor Relations page of the Air Lease Corporation website.For your convenience, the conference call can be replayed in its entirety beginning at 7:30 PM ET on August 6, 2015 until 11:59 PM ET on August 13, 2015. If you wish to listen to the replay of this conference call, please dial (855) 859-2056 domestic or (404) 537-3406 international and enter passcode 60908790.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, June 1, 2015 — Today Air Lease Corporation (the “Company”) amended and extended its four-year unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent and the lenders named therein (as amended, the “Syndicated Unsecured Revolving Credit Facility”) whereby the Company extended the maturity date from May 5, 2018 to May 5, 2019 and increased the revolving commitments thereunder by an additional $350 million. The Syndicated Unsecured Revolving Credit Facility remains priced at LIBOR plus 125 basis points with a 25 basis point facility fee, subject to reductions based on improvements in the Company’s credit ratings. Prior to the transaction, lenders held revolving commitments totaling $2.31 billion that matured on May 5, 2018. As a result of the transaction, lenders hold revolving commitments totaling $2.49 billion that mature on May 5, 2019, and lenders hold revolving commitments totaling $175 million that mature on May 5, 2018.“During the course of 2015, we have grown our revolving credit facility from $2.1 billion to over $2.6 billion. This represents an increase of 26% and now includes 31 financial institutions. We are grateful for the continuing support from our banking group as our balance sheet strengthens with increased access to flexible and attractively priced capital,” said Gregory B. Willis, Senior Vice President and Chief Financial Officer of Air Lease Corporation.The description of the transaction is qualified in its entirety by reference to the complete text of the First Amendment and the Extension Agreement (collectively, the “Transaction Documents”), which are filed on Form 8K 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.Forward-Looking StatementsThis 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. Investors:Ryan McKenna Vice PresidentEmail: [email protected] Media: Laura St. John Manager, Media and Investor Relations Email: [email protected]

Los Angeles, California, May 7, 2015 — Air Lease Corporation (ALC) (NYSE: AL) announced today financial results for the three months ended March 31, 2015. The PDF file containing the full earnings release is available for download at www.airleasecorp.com/press.