Air Lease Corporation Announces the Placement of Three Airbus A320s with NAS Air

Today Air Lease Corporation

announced lease agreements with NAS Air (Saudi Arabia) for three Airbus A320-200 aircraft (MSNs 2776, 3218 and 3256). The three aircraft are contracted on six year leases and will deliver in May, August, and October 2013. "ALC is pleased to add NAS Air as a new lease customer in the Middle East region. This fast growing airline has demonstrated excellent customer service and is expanding their route network, as well as increasing flight frequencies on their most popular markets," said Alex Khatibi, Executive Vice President of Air Lease Corporation. 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

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.