Air Lease Corporation Announces the Placement of Two New Airbus A321-200s with Monarch Airlines

  Air Lease Corporation Announces the Placement of Two New Airbus A321-200s
  with Monarch Airlines

Business Wire

LOS ANGELES -- July 1, 2013

Today Air Lease Corporation (NYSE: AL) announced long term lease agreements
with Monarch Airlines (United Kingdom) for two new Airbus A321-200 aircraft
with Sharklets and powered by IAE V2533 engines, which are scheduled for
delivery in April and May of 2015.

“We are pleased to announce this strategic lease placement with Monarch
Airlines, a new customer for ALC in Europe. Monarch Airlines has been steadily
rationalizing and modernizing its operating fleet. ALC looks forward to a
successful long term relationship with Monarch as it executes its plans to
build one of the newest and most fuel-efficient jet fleets in the U.K.,” said
Marc Baer, 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, 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 Monarch Airlines

Monarch Airlines is a leading UK-based scheduled leisure airline operating
from 6 bases in the UK – London Gatwick, Manchester, Birmingham, East
Midlands, Leeds Bradford and London Luton, where it is headquartered. Monarch
Airlines operates flights to holiday destinations principally around the
Mediterranean and the Canary Islands and to ski destinations in winter –
including destinations in Croatia, Cyprus, Egypt, France, Germany, Gibraltar,
Greece, Italy, Madeira, Portugal, Spain and Turkey. Monarch aims to provide
choice, value and superior customer care.


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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