Air Lease Corporation Announces the Placement of One New Boeing 777-300ER with Air France

  Air Lease Corporation Announces the Placement of One New Boeing 777-300ER
  with Air France

Business Wire

LOS ANGELES -- January 14, 2014

Today Air Lease Corporation (NYSE: AL) announced a long term lease agreement
with Air France for one new Boeing 777-300ER aircraft from ALC’s order book,
which is scheduled for delivery in the fourth quarter of 2015.

Steven F. Udvar-Hazy, Chairman and Chief Executive Officer of Air Lease
Corporation, said: “ALC is pleased to have reached an agreement with Air
France for the long term lease of one Boeing 777-300ER. This transaction
represents the fourth Boeing 777-300ER lease from ALC to Air France. ALC’s
management team is working closely with Air France to support a sustained
fleet modernization process, which includes replacing some of Air France’s
older Boeing 747s with the Boeing 777-300ER.”

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 a leading 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 new commercial aircraft and leasing them toits airline partners
worldwide through customized aircraft leasing and financing solutions. For
more information, visitALC’s website at


Air Lease Corporation
Ryan McKenna
Assistant Vice President
Strategic Planning and Investor Relations
Laura St. John
Manager, Media and Investor Relations
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