Air Lease Corporation Announces The Placement Of One New Boeing 777-300ER With Etihad Airways

Today Air Lease Corporation (NYSE: AL) announced a long term lease agreement with Etihad Airways for one new Boeing 777-300ER aircraft, which is scheduled for delivery September 2014.

Alex Khatibi, Executive Vice President of Air Lease Corporation, said: “Following our recent placement of a new Airbus A321, ALC is pleased to have reached an agreement with Etihad Airways for the long term lease of one Boeing 777-300ER. This transaction further emphasizes our strong commitment to Etihad Airways’ growing business and fleet expansion. ALC’s management team will continue to work closely with Etihad Airways to support a strong fleet plan throughout their affiliated airline networks.”

Kevin Knight, Chief Strategy and Planning Officer at Etihad Airways, said: “Building on our strong ties with ALC, we are delighted to close another aircraft lease agreement, this time for one Boeing 777-300ER three-class aircraft. Our expansion plans are well on track, and this 19th B777-300ER provides us with additional capacity and flexibility immediately prior to the entry into service of our first Airbus A380 and Boeing 787 Dreamliner aircraft in Q4 2014.”

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 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.

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