Air Lease Corporation Activity Update for the Third Quarter of 2017

Today Air Lease Corporation (NYSE:AL) (“ALC”) announced an update on activity taking place in the third quarter of 2017:

At the end of the third quarter of 2017, ALC’s fleet was comprised of 236 owned aircraft and 51 managed aircraft.

Deliveries

• Delivered 3 new aircraft including 1 Boeing 787-9, 1 Airbus A320neo and 1 Airbus A321neo

Sales

• Sold 7 aircraft including 3 aircraft sold to Thunderbolt Aircraft Lease Limited, 1 aircraft sold to Blackbird Capital II, LLC and 3 aircraft sold to other third parties

Forward-Looking StatementsThis 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, 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 customers worldwide through customized aircraft leasing and financing solutions.  For more information, visit ALC's website at www.airleasecorp.com.

Investors:Mary Liz DePalmaDirector of Investor RelationsEmail: [e-mail]

Media: Laura St. John Manager, Media and Investor Relations Email: [e-mail]