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

LOS ANGELES, California, May 28, 2013 — Air Lease Corporation (NYSE: AL) (the “Company”) today announced the commencement of an underwritten public offering, subject to market conditions, of 8,000,000 shares of its Class A Common Stock by affiliates of Ares Management LLC, Leonard Green & Partners, L.P. and WL Ross & Co. LLC. The underwriters are expected to be granted a 30-day option from the date of the offering to purchase up to an additional 1,200,000 shares of Class A Common Stock from the selling stockholders. The Company is not selling any shares of Class A Common Stock in the offering and will not receive any proceeds from the sale. The total number of shares of the Company’s Class A Common Stock outstanding will not change as a result of this offering.

Credit Suisse Securities (USA) LLC and Goldman, Sachs & Co. will act 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 Credit Suisse Securities (USA) LLC, Attention: Credit Suisse Prospectus Department, One Madison Avenue, New York, NY 10010, telephone 1-800-221-1037, email: newyork.prospectus@credit-suisse.com; or Goldman, Sachs & Co., 200 West Street, New York, NY 10282, Attention: Prospectus Department, telephone 1-866-471-2526, email: prospectus-ny@ny.email.gs.com.