Air Lease Corporation Announces the Lease Placement of a New ATR 72-600 with KALSTAR Aviation

LOS ANGELES, California, December 16, 2014 — Today Air Lease Corporation (NYSE: AL) announced a long term lease agreement for an additional new ATR 72-600 with KALSTAR Aviation (Indonesia), delivering from our order book with ATR in the second half of 2015. The aircraft will join two other ATR 72-600 aircraft already operated by the airline, also on long term lease from ALC.

“We are delighted to announce this additional ATR 72-600 lease placement with KALSTAR, underlining ALC’s commitment to the airline’s growth plans in Southeast Asia. These ATR aircraft will be essential components of KALSTAR’s fleet modernization as they continue to upgrade their fleet with more economical and efficient airplanes,” said Chi Yan, Vice President of Air Lease Corporation.