Air Lease Corporation Announces the Election of Mr. Jie Chen as Executive Vice President and Managing Director Asia

LOS ANGELES, August 13, 2010 - Air Lease Corporation, the global commercial aircraft lessor announced
today the election of Mr. Jie Chen as Executive Vice President and Managing
Director Asia.

"Mr. Chen has a long and distinguished career in the commercial airline
leasing field, and we are gratified to have him join our organization," said
John L. Plueger, President & COO of Air Lease Corporation. "The Asian airline
markets and especially China, are important growth platforms for Air Lease
Corp., and Jie Chen is an experienced and proven executive, who has built
excellent long term relationships with airlines in that region."

Air Lease Corporation, established in February 2010, is well positioned
to emerge as a leader and innovator in commercial aircraft leasing on a
global scale.

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