Air Lease Corporation Announces Lease Placements with Jet Time: One Boeing 737-700 and Two New ATR 72-600 Aircraft

LOS ANGELES, Cali fornia, July 17, 2013 — Today Air Lease Corporation (NYSE: AL) announced long term lease agreements with Jet Time (Denmark) for one Boeing 737-700 aircraft scheduled for delivery in November 2013, and two new ATR 72-600s scheduled for delivery in April and May 2014.

“We are pleased to announce these placements with our newest customer Jet Time, a growing ACMI and charter airline in Europe. ALC looks forward to working with Jet Time to optimize their competitive advantage in the marketplace,” said Grant Levy, Executive Vice President of Air Lease Corporation.