Air Lease Corporation Announces the Placement of Two New Boeing 777-300ERs with Korean Air

LOS ANGELES, California, May 1, 2013 — Today Air Lease Corporatio n (NYSE: AL) announced long term lease agreements with Korean Air for two new Boeing 777-300ER aircraft, which are scheduled for delivery in November 2014 and May 2015.

“We are very pleased to lease two new Boeing 777-300ERs to Korean Air, one of the world’s leading airlines, to support their long haul twin-aisle fleet growth. These two 777-300ERs add to the two new Boeing 737-800s already leased by ALC to Korean Air, thereby significantly growing our valued business relationship,” said John Plueger, Air Lease Corporation’s President and Chief Operating Officer.