LOS ANGELES, California, November 28, 2022 — Air Lease Corporation (NYSE: AL) (the “Company”) announced the pricing on November 28, 2022 of its public offering of $700.0 million aggregate principal amount of 5.85% senior unsecured medium-term notes due December 15, 2027 (the “Notes”). The sale of the Notes is expected to close on December 5, 2022, subject to satisfaction of customary closing conditions.

The Notes will mature on December 15, 2027 and will bear interest at a rate of 5.85% per annum, payable semi-annually in arrears on June 15 and December 15 of each year, commencing on June 15, 2023.

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.

BofA Securities, Inc., J.P. Morgan Securities LLC, SG Americas Securities, LLC and Truist Securities, Inc. are acting as joint book-running managers for the offering of the Notes.

The Notes are being offered pursuant to the Company’s effective shelf registration statement, previously filed with the Securities and Exchange Commission (the “SEC”) on May 7, 2021. The offering of the Notes is being made only by means of the prospectus supplement dated May 7, 2021, supplementing the base prospectus dated May 7, 2021, as may be further supplemented by any free writing prospectus and/or pricing supplements the Company may file with the SEC. Before you invest, you should read the base prospectus, prospectus supplement and any other documents the Company may file with the SEC for more complete information about the Company and this offering. You may obtain these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies may be obtained from: (i) BofA Securities, Inc. toll-free at (800) 294-1322, (ii) J.P. Morgan Securities LLC collect at (212) 834-4533, (iii) SG Americas Securities, LLC at (855) 881-2108 or (iv) Truist Securities, Inc. toll-free at (800) 685-4786.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.