Air Lease Corporation Announces the Placement of One Airbus A320 with VivaColombia

LOS ANGELES, California, August 18, 2014 — Today Air Lease Corporation (NYSE: AL) announced the placement of one Airbus A320 aircraft at VivaColombia on long term lease, scheduled for delivery in spring 2015. Originally acquired by ALC in May 2011, the aircraft is presently on lease to an airline in Asia and is equipped with CFM56-5B engines.

“ALC is committed to growing its business in Latin America and we are very pleased to announce our first aircraft placement with VivaColombia, an airline pioneering the low cost model in Colombia,” said John L. Plueger, President and COO of Air Lease Corporation.