Air Lease Corporation Activity Update for the Third Quarter of 2019

LOS ANGELES, California, October 8, 2019 — Today Air Lease Corporation (NYSE: AL) announced an update on activity taking place in the third quarter of 2019:

As of September 30, 2019, ALC’s fleet was comprised of 307 owned aircraft and 64 managed aircraft. As of today, ALC has commitments to acquire a total of 318 new aircraft for delivery from Boeing and Airbus through 2024.

Deliveries – Delivered 15 aircraft

- Delivered 15 new aircraft including 2 Airbus A320neos, 6 Airbus A321neos, 1 Airbus A330-900neo, 1 Airbus A350-900, 2 Boeing 787-9s and 3 Boeing 787-10s

- Aircraft investments in the quarter totaled approximately $1.5 billion

Sales – Sold 5 aircraft

- Completed the sale of 5 aircraft to a third-party buyer for sales proceeds of approximately $184 million

Financing

- Issued $1.1 billion in senior unsecured medium-term notes comprised of $600 million due 2023 at a fixed rate of 2.25% and $500 million due 2029 at a fixed rate of 3.25%