Air Lease Corporation Announces Lease Placements with KALSTAR Aviation

  Air Lease Corporation Announces Lease Placements with KALSTAR Aviation

Business Wire

LOS ANGELES -- December 17, 2012

Air Lease Corporation (NYSE: AL) announced today its placement of two new ATR
72-600s on long term lease to KALSTAR Aviation (Indonesia), delivering in the
second and third quarters of 2013.

"KALSTAR is a major Indonesian regional airline serving the fast growing
region of Kalimantan (Borneo), rich in natural resources and robust economic
growth. KALSTAR operates ATR turboprops and Boeing 737s to serve its
expandingnetwork of both domestic and international routes in Southeast
Asia," said Chi Yan, Vice President of Air Lease Corporation.

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 an aircraft leasing company based in Los Angeles, Californiathat has
airline customers throughout the world. ALC and its team of dedicated and
experienced professionalsare principally engaged in purchasing commercial
aircraft and leasing them toits airline partners worldwide through customized
aircraft leasing and financing solutions. For more information, visitALC's
website at www.airleasecorp.com.

Contact:

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