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Air Lease Corporation Improves Terms of $170 Million of Secured Debt



  Air Lease Corporation Improves Terms of $170 Million of Secured Debt

Business Wire

LOS ANGELES -- October 7, 2013

Following Air Lease Corporation’s (NYSE: AL) investment grade ratings and
strengthened credit profile, the company announced today that one of its banks
has agreed to revise and improve the terms for approximately $170 million of
secured debt related to the financing of six ALC aircraft.

Under the terms of the agreement, the bank has agreed to reduce the interest
rate, extend the loan maturities and improve the principal amortization
profiles of the loans. ALC has also extended two of the leases involved, one
Boeing 737-800 and a Boeing 777-200ER, with their respective lessees in
Europe.

“The resulting transactions will significantly reduce ALC's interest expenses
under these financings, and further add to our net cash flows now through
2020,” said Gregory B. Willis, Senior Vice President and Chief Financial
Officer.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, including the future
impact of changes to the financing and plans to repay loans. 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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