Air Lease Corporation Announces Two 777-300ER Lease Placements with Air New Zealand

  Air Lease Corporation Announces Two 777-300ER Lease Placements with Air New

Business Wire

LOS ANGELES -- February 28, 2013

Air Lease Corporation (NYSE: AL) announced long term lease agreements today
with Air New Zealand for two new Boeing 777-300ER aircraft delivering in 2014.

"We are delighted to announce the lease of two new 777-300ER aircraft to Air
New Zealand, one of the preeminent airlines in the world. Air New Zealand has
been universally recognized for operating a modern fleet that delivers a
superior product to its passengers. This transaction is part of a long history
between the members of ALC’s management and Air New Zealand which started 45
years ago when Steve Hazy acquired a Lockheed Electra L-188C from Air New
Zealand in January of 1968,” said Grant Levy, Executive Vice President of Air
Lease Corporation.

“We are very pleased to further our relationship with Air Lease Corporation
with the addition of these two 777-300ER aircraft to our fleet. These aircraft
are a great fit to our network and will allow us in the coming years to lift
our growth aspirations in the growing Pacific Rim markets,” said Rob McDonald,
Chief Financial Officer of Air New Zealand.

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

About Air NewZealand (NZX: AIR; ASX: AIZ)

AirNewZealand is an international and domestic airline group which provides
air passenger and cargo transport services within New Zealand, as well as to
and from Australia, the South Pacific, Asia, North America and the United


Air Lease Corporation
Ryan McKenna
Assistant Vice President
Strategic Planning and Investor Relations
Laura St. John
Media and Investor Relations Coordinator
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