Air Lease Corporation and Air France Sign a Sale and Lease-Back Agreement for Six Aircraft

LOS ANGELES, August 3, 2010 - Air Lease Corporation, a company led by Steven F. Udvar-Hazy,
Chairman/CEO, and Air France have signed sale and lease-back agreements for
one used A319-115, two new Airbus A320-200's, one used Airbus A321-200, one
used A330-200 and one new Boeing 777-300ER.

The delivery of the three used aircraft occurred on June 30, 2010. The
two new Airbus aircraft are scheduled for delivery in early 2011. The Boeing
777-300ER aircraft is scheduled for delivery later this year.

"We are extremely pleased to continue a long-standing and important
relationship with one of the world's premier airlines. We look forward to
furthering our successful partnership with Air France," said Steven F.
Udvar-Hazy.

Air Lease Corporation

Air Lease Corp (ALC) is a new global commercial aircraft lessor, based in
Los Angeles, California, that has assembled more than USD $3 Billion of
total capital. The company is poised to be an industry leader in jet leasing.

John Plueger, President & C.O.O. of Air Lease Corporation, +1-310-553-0555, or fax, +1-310-553-0999, lstjohn at airleasecorp.com