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Air Lease Corporation Announces the Placement of Two New Boeing 777-300ERs with Ethiopian Airlines

  Air Lease Corporation Announces the Placement of Two New Boeing 777-300ERs
  with Ethiopian Airlines

Business Wire

LOS ANGELES -- April 22, 2013

Today Air Lease Corporation (NYSE: AL) announced a lease agreement with
Ethiopian Airlines  for two new Boeing 777-300ER aircraft, both on lease for
twelve years. The aircraft are scheduled for delivery in May and June 2015.

"We are proud to expand our relationship with Ethiopian Airlines by placing
two brand new 777-300ERs into their long haul fleet. These aircraft will
enhance their intercontinental operations with leading fuel efficiency and a
premier passenger experience,” said Kishore Korde, Air Lease Corporation’s
Senior Vice President.

“We are very happy to finalize this deal with our strong partner, Air Lease
Corporation. These two new Boeing 777-300ERs are critical for our rapidly
expanding non-stop long haul routes. Today, our network of 72 international
destinations covers four continents through our main hub in Addis Ababa,
offering the most convenient connections to passengers traveling between
Africa and the rest of the world. The introduction of these two new Boeing
777s into our young and modern fleet is part of our continuing commitment to
afford our customers the best possible on-board long haul experience,” said
Tewolde Gebremariam, CEO of Ethiopian 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 Ethiopian Airlines

Ethiopian Airlines, the fastest growing airline in Africa, made its maiden
international flight to Cairo in 1946 and now the airline provides dependable
services to 70 international destinations spanning four continents. Ethiopian
is proud to be a Star Alliance Member. The Star Alliance network is the
leading global airline network offering customers convenient worldwide reach
and a smoother travel experience. The Star Alliance network offers more than
21,555 daily flights to 1,356 airports in 193 countries. Ethiopian is a
multi-award winner for its commitment and contributions towards the
development and growth of the African aviation industry and in recognition of
its distinguished long-haul operations enhanced by the introduction of new
routes and products.

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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