LOS ANGELES, California, January 8, 2018 — Air Lease Corporation (NYSE: AL) (the “Company”) announced the pricing on January 8, 2018 of its public offering of $550 million aggregate principal amount of 2.50% unsecured senior notes due 2021 (the “2021 Notes”) and $700 million aggregate principal amount of 3.25% unsecured senior notes due 2025 (the “2025 Notes” and, together with the 2021 Notes, the “Notes”). The 2021 Notes were offered to the public at a price of 99.381% of their face amount and the 2025 Notes were offered to the public at a price of 98.717% of their face amount. The sale of the Notes is expected to close on January 16, 2018, subject to satisfaction of customary closing conditions.

The 2021 Notes will mature on March 1, 2021 and will bear interest at a rate of 2.50% per annum, payable semi-annually in arrears on March 1 and September 1 of each year, commencing on September 1, 2018. The 2025 Notes will mature on March 1, 2025 and will bear interest at a rate of 3.25% per annum, payable semi-annually in arrears on March 1 and September 1 of each year, commencing on September 1, 2018.

The Company intends to use the net proceeds of the offering for general corporate purposes, which may include, among other things, the purchase of commercial aircraft and the repayment of existing indebtedness.

J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, SG Securities Americas, LLC and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering of the Notes.