Air Lease Corporation Announces Lease Placement of Two New ATR 72-600s to LIAT

  Air Lease Corporation Announces Lease Placement of Two New ATR 72-600s to
  LIAT

Business Wire

LOS ANGELES -- January 21, 2013

Air Lease Corporation (NYSE: AL) announced today that LIAT (Leeward Islands
Air Transport) and ALC signed long term lease agreements for two (2) new ATR
72-600 aircraft, delivering in June and August 2013.

Antigua-based LIAT is owned by 11 different governments in the Eastern
Caribbean, and is the major scheduled airline operator in that region.

"We are very pleased to add LIAT to our growing list of airline customers, and
solidify ALC's market position," said Kishore Korde, Senior Vice President of
Air Lease Corporation.

"The new generationATR-72-600 is an essential component of our progressive
fleet modernization, as we upgrade to these economical and efficient new
aircraft in 2013. We value our association with ALC and the support we have
received from them on this important project,"said Capt. Ian Brunton,Chief
Executive Officer ofLIAT.

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.

About LIAT

LIAT is one of the leading Caribbean airlines. It is owned by regional
shareholders, with major shareholders being the Governments of Barbados,
Antigua & Barbuda and St. Vincent & the Grenadines. More information about
LIAT may be found at www.liat.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