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



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

Business Wire

LOS ANGELES -- January 8, 2014

Today Air Lease Corporation (NYSE: AL) announced long term lease agreements
with Sichuan Airlines (China) for two new Airbus A321-200 aircraft with
Sharklets powered by IAE V2533 engines, which are scheduled for delivery in
May and October 2014.

“We are pleased to announce this strategic lease placement with Sichuan
Airlines, an important customer for ALC in China. Sichuan has been steadily
increasing and modernizing its jet fleet. This transaction further cements the
successful long term relationship with Sichuan as it builds one of the newest
and most fuel-efficient jet fleets in China,” said Jie Chen, ALC’s Executive
Vice President and Managing Director, Asia.

ALC already leases several Airbus A330 and A320 family aircraft to Sichuan.

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, 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.

About Sichuan Airlines

Sichuan Airlines is a leading Chinese scheduled airline based in Chengdu,
China. Sichuan operates frequent flights to all major destinations in China
and the surrounding region in Asia, with a modern all-Airbus fleet.

Contact:

Air Lease Corporation
Investors:
Ryan McKenna, 310-553-0555
Assistant Vice President
Strategic Planning and Investor Relations
rmckenna@airleasecorp.com
or
Media:
Laura St. John, 310-553-0555
Manager, Media and Investor Relations
lstjohn@airleasecorp.com
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