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Air Lease Corporation Assigned Investment Grade Rating by Standard and Poor’s



  Air Lease Corporation Assigned Investment Grade Rating by Standard and
  Poor’s

Business Wire

LOS ANGELES -- August 29, 2013

Air Lease Corporation (ALC) (NYSE: AL) today announced that it has been
assigned an investment grade corporate credit rating of BBB- with a stable
outlook by Standard and Poor’s Ratings Services. Additionally, ALC’s senior
unsecured notes due in 2016, 2017, and 2020 will also carry the same BBB-
rating.

Standard & Poor’s highlighted in its press release that the BBB- rating
reflects Air Lease Corporation’s position as a rapidly growing provider of
aircraft operating leases, its ownership of young and diverse new-technology
aircraft with stable asset values, and the expectation that ALC’s growth will
make it among the largest players in the industry within the next few years.
ALC’s low debt to equity ratio and strong interest coverage ratios were also
key to the ratings outcome.

Steven F. Udvar-Házy, Chairman and CEO of Air Lease Corporation said, “Air
Lease Corporation set out from day one to build a strong investment grade
profile company. We are pleased that Standard and Poor’s recognized ALC’s
efficient business operations, financial strength, and stability in assigning
the company an investment grade rating. This rating is a further testament to
ALC’s rapid rise as an aircraft leasing industry leader.”

Greg Willis, Senior Vice President and Chief Financial Officer of Air Lease
Corporation commented, “Air Lease has delivered on the metrics it set out to
achieve since the inception of the company. ALC’s success in accessing diverse
sources of capital has built a strong base to fund the company’s aircraft
purchases. We remain committed to keeping a balance sheet with low leverage
and strong liquidity as an investment grade company.”

Additional information regarding ALC’s rating assignment can be found in
Standard and Poor’s press release dated August 26, 2013 available on Standard
and Poor’s website at www.standardandpoors.com. None of the information on
Standard and Poor’s website, including the press release, is incorporated by
reference into or is otherwise a part of this press release. The rating is
subject to revision or withdrawal at any time by the rating agency and is not
a recommendation to buy, sell or hold securities.

Forward-Looking Statements

This press release contains 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, 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.

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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