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Air Lease Corporation Announces the Closing of a 4 year Unsecured Revolving Bank Credit Facility for $1.7 Billion Priced at

  Air Lease Corporation Announces the Closing of a 4 year Unsecured Revolving
  Bank Credit Facility for $1.7 Billion Priced at LIBOR +1.45%

Business Wire

LOS ANGELES -- May 7, 2013

Air Lease Corporation (NYSE: AL) announced today the closing of a 4 year
unsecured revolving bank credit facility for $1.7 billion priced at LIBOR
+1.45%, with no LIBOR floor.

This new facility amends and updates our existing bank facility, by increasing
the size from $1.1 billion to $1.7 billion, extending the availability period
from 3 years to 4 years to May, 2017, and reducing the pricing from LIBOR
+1.75% with no LIBOR floor and an undrawn fee of 37.5 basis points to LIBOR
+1.45% with no LIBOR floor and a 30 basis point facility fee.

This revolving credit line was arranged by 8 joint bookrunners: J.P. Morgan
Securities, BMO Capital Markets, Citigroup Global Markets, Credit Suisse
Securities (USA), Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC
Capital Markets, RBS Securities, and Wells Fargo Securities. The number of
participating banks increased from 19 to 26 in the facility.

“ALC is pleased to announce the closing of our amended syndicated unsecured
revolving credit facility. We are grateful for the continuing support from our
banking group as we continue expanding our global business,” said Gregory B.
Willis, Senior Vice President and Chief Financial Officer of Air Lease
Corporation. “This credit facility further strengthens our balance sheet and
increases our access to attractively priced capital.”

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. 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.

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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