Air Lease Corporation Announces Closing of Its Additional Offering of $50 Million of 4.50% Senior Unsecured Notes Due 2016 for

  Air Lease Corporation Announces Closing of Its Additional Offering of $50
  Million of 4.50% Senior Unsecured Notes Due 2016 for an Aggregate Notes
  Issuance of $500 Million

Business Wire

LOS ANGELES -- October 03, 2012

Air Lease Corporation (NYSE: AL) (the “Company”) today announced the closing
of its previously announced offering of an additional $50 million aggregate
principal amount of 4.50% senior unsecured notes due 2016 (the “Additional
Notes”). The Additional Notes were sold at par plus accrued interest from
September 26, 2012 in response to market demand following the Company’s
completion of its offering of $450 million aggregate principal amount of 4.50%
senior unsecured notes due 2016 on September 26, 2012. As a result, the
Company has sold and issued $500 million aggregate principal amount of 4.50%
senior unsecured notes due 2016. The Additional Notes were sold in an offering
exempt from registration under the Securities Act of 1933, as amended (the
“Securities Act”), only to qualified institutional buyers and non-U.S. persons
outside of the United States in reliance upon Rule 144A and Regulation S,
respectively, under the Securities Act.

The Additional Notes will mature on January 15, 2016 and will bear interest at
a rate of 4.50% per annum, payable semi-annually in arrears on January 15 and
July 15 of each year, commencing on January 15, 2013. Interest on the
Additional Notes will accrue from September 26, 2012.

The Company intends to use the proceeds of the offering to fund the
acquisition of commercial aircraft and for other general corporate purposes.

The Additional Notes have not been registered under the Securities Act or
applicable state securities laws and, unless so registered, may not be offered
or sold in the United States, except pursuant to an applicable exemption from
the registration requirements of the Securities Act and applicable state
securities laws.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of the Additional Notes in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such
jurisdiction.

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.

Contact:

Air Lease Corporation
Investors:
Ryan McKenna, 310-553-0555
Assistant Vice President, Strategic Planning and Investor Relations
rmckenna@airleasecorp.com
or
Media:
Laura St. John, 310-553-0555
Media and Investor Relations Coordinator
lstjohn@airleasecorp.com
 
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