Air Lease Corporation Announces the Placement of a New Boeing 777-300ER with KLM

LOS ANGELES, California, March 13, 2014 — Today Air Lease Corporation (NYSE: AL) announced a long term lease agreement with KLM (The Netherlands) for a new Boeing 777-300ER aircraft with two General Electric (GE) engines, scheduled for delivery in 2016.

“The Boeing 777-300ER continues to be an integral part of KLM’s long haul fleet,” said Grant Levy, Executive Vice President of Air Lease Corporation. “ALC is proud to place this new Boeing 777-300ER with KLM which allows KLM to maintain its premier global airline fleet and continues the long and excellent relationship that ALC has with KLM.”

ALC already leases Airbus A330-200, A330-300, Boeing 777 and 737-800 aircraft to KLM.