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Air Lease Corporation Announces the Placement of Three Airbus A320s with NAS Air



  Air Lease Corporation Announces the Placement of Three Airbus A320s with NAS
  Air

Business Wire

LOS ANGELES -- April 04, 2013

Today Air Lease Corporation (NYSE: AL) announced lease agreements with NAS Air
(Saudi Arabia) for three Airbus A320-200 aircraft (MSNs 2776, 3218 and 3256).
The three aircraft are contracted on six year leases and will deliver in May,
August, and October 2013.

"ALC is pleased to add NAS Air as a new lease customer in the Middle East
region. This fast growing airline has demonstrated excellent customer service
and is expanding their route network, as well as increasing flight frequencies
on their most popular markets," said Alex Khatibi, Executive 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, California that has
airline customers throughout the world. ALC and its team of dedicated and
experienced professionals are principally engaged in purchasing commercial
aircraft and leasing them to its airline partners worldwide through customized
aircraft leasing and financing solutions. For more information, visit ALC's
website at www.airleasecorp.com.

About NAS Air

Launched in the Kingdom of Saudi Arabia in February 2007, NAS Air has
transported more than 9 million passengers and is a pioneering 'Smart Airline'
thanks to its four core values of: Being on Time, Competitive Fares, Young
Fleet and Smart Services. Serving passengers with 524 weekly flights, the
young fleet consists of 16 aircraft and covers 24 destinations both within and
outside Saudi Arabia. The fleet is considered the youngest in the region with
Airbus A320s and Embraer E190s flying passengers in complete comfort, made
even more accessible by the competitive pricing.

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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