LOS ANGELES, California, December 8, 2014 — Maldivian, the national airline of the Maldives, and Air Lease Corporation (NYSE: AL) announced today the long term lease contract of one Airbus A321-200 (MSN 2599). The aircraft will deliver in the first quarter of 2015 and will join the Airbus A320 already operated by the airline, also on long term lease from ALC.

"Maldivian will operate the A321 on lease from ALC on its growing network connecting Male, Maldives with cities in South Asia, China and Southeast Asia,” said Kishore Korde, Senior Vice President of Air Lease Corporation.

"We are delighted by our association with ALC and this lease contract for our second Airbus jet from them, to expand Maldivian's route system,” said Abdul Haris, Managing Director of Maldivian.

Forward-Looking Statements

This 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 Maldivian

Maldivian is owned and operated by Island Aviation Services Ltd. and is the national airline of the Republic of the Maldives, operating an extensive scheduled domestic and international flight network.