Air Lease Corporation Announces Lease Placement with Georgian Airways

LOS ANGELES, California, September 11, 2013 — Today Air Lease Corporation (NYSE: AL) announced the long term lease of one Boeing 737-700 jet aircraft (MSN 33015) to Georgian Airways, based in Tbilisi, Georgia. The aircraft is scheduled for delivery to Georgian Airways in October, 2013.

Georgian Airways is the designated national airline of Georgia, operating extensive scheduled services to many destinations in Europe, the Mediterranean, the Middle East and Russia, with Boeing 737s and CRJ regional jets.

“We are pleased to transact this new five year lease of our Boeing 737-700 with Georgian Airways, to expand their international route network,” said Marc Baer, Air Lease Corporation’s Executive Vice President, at the lease signing in Tbilisi, Georgia today.