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

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

Business Wire

LOS ANGELES -- May 1, 2013

Today Air Lease Corporation (NYSE: AL) announced long term lease agreements
with Korean Air for two new Boeing 777-300ER aircraft, which are scheduled for
delivery in November 2014 and May 2015.

"We are very pleased to lease two new Boeing 777-300ERs to Korean Air, one of
the world's leading airlines, to support their long haul twin-aisle fleet
growth. These two 777-300ERs add to the two new Boeing 737-800s already leased
by ALC to Korean Air, thereby significantly growing our valued business
relationship,” said John Plueger, Air Lease Corporation’s President and Chief
Operating Officer.

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


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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