Air Lease Corporation Announces Lease Placements with KALSTAR Aviation

LOS ANGELES—(BUSINESS WIRE)—Air Lease Corporation (NYSE: AL) announced today its placement of two new ATR 72-600s on long term lease to KALSTAR Aviation (Indonesia), delivering in the second and third quarters of 2013.

“KALSTAR is a major Indonesian regional airline serving the fast growing region of Kalimantan (Borneo), rich in natural resources and robust economic growth. KALSTAR operates ATR turboprops and Boeing 737s to serve its expanding network of both domestic and international routes in Southeast Asia,” said Chi Yan, Vice President of Air Lease Corporation.