Air Lease Corporation Announces the Placement of One New Boeing 737-800 with Far Eastern Air Transport

Air Lease Corporation (NYSE: AL) announced a long term lease agreement with Far Eastern Air Transport (FEAT), an international airline based in Taipei, Taiwan, for one new Boeing 737-800. The aircraft is from ALC’s order book with Boeing and will deliver in the second quarter of 2016.

“ALC is very pleased to lease the first new 737-800 to Far Eastern Air Transport and add them as a new customer in Asia. We look forward to a long and supportive relationship as they begin to renew and expand their fleet,” said Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer.

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, 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.

About Far Eastern Air Transport

Far Eastern Air Transport (FEAT) is an international airline established in 1957 with domestic and international services to Cambodia, China, South Korea, Philippines, Taiwan, Vietnam, and Indonesia. Its head office and main base is Taipei Songshan Airport in Songshan District, Taipei, Taiwan (Republic of China).

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