Air Lease Corporation Announces Lease Placement with Corendon Airlines

  Air Lease Corporation Announces Lease Placement with Corendon Airlines

Business Wire

LOS ANGELES -- January 28, 2013

Air Lease Corporation (NYSE: AL) announced today that Corendon Airlines
(Turkey) and ALC signed a 5 year lease agreement for one Boeing 737-800 (MSN
32920) aircraft, delivering in February 2013.

Corendon Airlines is a regional carrier operating 30 routes out of Antalya
Airport, Turkey. Corendon has experienced significant annual passenger growth
since the airline’s inception in 2005.

"ALC is pleased to announce our first aircraft placement with Corendon
Airlines, which is a new addition to our expanding global customer base. We
will continue to support Corendon as they grow their business with modern,
fuel efficient aircraft," said Alex Khatibi, Executive Vice President of Air
Lease Corporation.

“This agreement is not only a step in our 2013 fleet expansion project, but
also a start of the relationship with ALC, a prominent aircraft leasing
company,” said Yildiray Karaer, Chief Executive Officer of Corendon Airlines.

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 Corendon Airlines

Corendon is a Dutch-Turkish group of companies, doing business mainly in
Tourism and Aviation. Corendon Airlines is a Turkish registered charter
airline authorized by the Republic of Turkey Ministry of Transport and
Communication under the license number of TR-015. One and a half million
passengers has chosen Corendon Airlines in the year of 2012 to various
destinations including; Austria, Belgium, Bosnia and Herzegovina, Croatia,
Czech Republic, Denmark, Finland, France, Germany, Iceland, Israel, Italy,
Kazakhstan, Kosovo, Macedonia, Netherlands, Norway, Poland, Romania, Spain,
Sweden, Switzerland etc. More information can be reached viaCorendon's
website at www.corendon.com.

Contact:

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