Air Lease Corporation Announces the Placement of Three New Boeing 737-800s with China Airlines

  Air Lease Corporation Announces the Placement of Three New Boeing 737-800s
  with China Airlines

Business Wire

LOS ANGELES -- April 28, 2014

Today Air Lease Corporation (NYSE: AL) announced lease agreements with China
Airlines for three new Boeing 737-800 aircraft, which are scheduled for
delivery in 2015 and 2016. These aircraft are from ALC’s order book from
Boeing.

"We are excited to announce this strategic placement of three new 737-800s
with China Airlines. Although a new customer to ALC, China Airlines and our
management team have enjoyed a successful relationship for many years, and
therefore we are particularly pleased to now welcome China Airlines to the ALC
family," said John Plueger, President and Chief Operating Officer of Air Lease
Corporation.

"China Airlines is very pleased to conclude its first transaction with ALC,"
said Huang-Hsiang Sun, Chairman of China Airlines. "The addition of these new
737-800s will further strengthen our competitiveness in the regional service
and enhance our overall product offering."

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 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 commercial aircraft and leasing them toits airline customers
worldwide through customized aircraft leasing and financing solutions. For
more information, visitALC's website at www.airleasecorp.com.

About China Airlines

Founded in 1959, China Airlines is Taiwan’s largest airline with a fleet of 85
aircraft and more than 10,000 employees worldwide. As one of SkyTeam airline
alliance’s 20 members, China Airlines offers extensive global network of more
than 15,723 daily flights to 1,064 destinations in 178 countries. China
Airlines has been named “Best Airline in North Asia” by Global Traveler
Magazine, and received the highest 7-star rating for safety from
AirlineRatings. As part of its new fleet introduction program, China Airlines
will launch next-generation services in 2014 to continue promoting superior
aviation safety as well as an eco-friendly, innovative and attentive service
that provide passengers with satisfying travel experience.

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Contact:

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