Air Lease Corporation Announces Delivery of New Airbus A350-900 Aircraft to Sichuan Airlines

Today Air Lease Corporation (NYSE: AL; “ALC”) announced the delivery of
one new Airbus A350-900 aircraft on long-term lease to Sichuan Airlines.
Featuring Trent XWB-84 engines, this A350-900 is the first ALC A350-900
to deliver to an airline in China. The aircraft is from ALC’s order book
with Airbus and joins eight Airbus aircraft currently on lease from ALC
to Sichuan Airlines for a total of nine aircraft.

“Sichuan Airlines is a loyal long-term customer of ALC and we are
pleased to be leasing our new A350-900 to the airline,” said Steven F.
Udvar-Házy, Executive Chairman of Air Lease Corporation. “This
significant delivery further strengthens our close relationship and we
are confident this new widebody aircraft will complement the airline’s
current fleet operations, adding technological and innovative
advancements that will bring a whole new experience to Sichuan’s
offerings.”

“We are very pleased to announce this new A350-900 delivery to our
distinguished customer, Sichuan Airlines,” said Jie Chen, Air Lease
Corporation’s Executive Vice President and Managing Director, Asia. “ALC
is proud to introduce the airline to the A350-900 and pioneer
modernizing the airline’s long-haul fleet to maximize Sichuan Airlines’
fleet operations and global growth.”

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 Sichuan Airlines

Sichuan Airlines Co., Ltd. is a regional airline headquartered on the
grounds of Chengdu Shuangliu International Airport in Chengdu, Sichuan,
in China. Sichuan Airlines serves 108 destinations in 16 countries
across Asia, Europe and Australia, including long-haul overseas routes
to Vancouver, Melbourne, and Los Angeles, but operates many scheduled
domestic flights out of Chengdu Shuangliu Airport and Chongqing Jiangbei
International Airport.

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