Air Lease Corporation and Air New Zealand Announce Agreement for Five New Airbus A320neo Family Aircraft

  Air Lease Corporation and Air New Zealand Announce Agreement for Five New
  Airbus A320neo Family Aircraft

Business Wire

LOS ANGELES -- July 14, 2014

Air Lease Corporation (NYSE: AL) reached an agreement with Air New Zealand for
the long term lease of five new Airbus A320neo Family aircraft. The first
aircraft, a new A321neo, is scheduled for delivery in August 2017 and the
first new A320neo will deliver in September 2017. The remaining three aircraft
will deliver in 2018.

“We are pleased to extend our excellent relationship with Air New Zealand to
include the lease of these new fuel efficient A320neo family aircraft,” said
Grant Levy, Executive Vice President of Air Lease Corporation. “Air New
Zealand’s management team selected the A320neo family aircraft to optimize its
Trans-Tasman fleet.”

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, including future
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

About Air New Zealand (NZX: AIR; ASX: AIZ)

Air New Zealand is an international and domestic airline group which provides
air passenger and cargo transport services within New Zealand, as well as to
and from Australia, the South Pacific, Asia, North America and the United


Air Lease Corporation
Ryan McKenna, 310-553-0555
Vice President
Laura St. John, 310-553-0555
Manager, Media and Investor Relations
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