Air Lease Corporation Announces Pricing of Secondary Public Offering of Class A Common Stock

LOS ANGELES, California, November 21, 2013 — Air Lease Corporation (NYSE: AL) (the “Company”) today announced the pricing of the underwritten public offering of 10,138,888 shares of its Class A Common Stock by affiliates of Ares Management LLC, Leonard Green & Partners, L.P. and WL Ross & Co. LLC. The shares of Class A Common Stock were offered to the public at $31.50 per share. The offering is expected to close on November 26, 2013, subject to satisfaction of customary closing conditions. The Company is not selling any shares of Class A Common Stock in the offering and will not receive any proceeds from the sale nor incur any expenses from the sale. The total number of shares o f the Company’s Class A Common Stock outstanding will not change as a result of this offering.

Morgan Stanley & Co. LLC and Deutsche Bank Securities Inc. are acting as joint book-running managers for the offering. The Class A Common Stock is being offered pursuant to a registration statement that the Company previously filed with the U.S. Securities and Exchange Commission (the “SEC”). The offering of the Class A Common Stock will be made only by means of a prospectus supplement and accompanying prospectus, which may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies may be obtained by contacting Morgan Stanley & Co. LLC, Attn: Prospectus department: 180 Varick Street, 2nd Floor, New York, NY 10014, or by calling (866) 718-1649, or by emailing prospectus@morganstanley.com or Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, telephone: 1-800-503-4611 or by email at prospectus.cpdg@db.com.