Air Lease Corporation Announces the Placement of One New Boeing 737-800 and Six Lease Extensions with Air Berlin

LOS ANGELES, Califor nia, August 5, 2013 — Today Air Lease Corporation (NYSE: AL) announced a long term lease agreement with Air Berlin for one new Boeing 737-800 aircraft scheduled for delivery in February 2016, as well as lease extensions on six aircraft currently in their fleet. The extensions average five year additional terms on four Boeing 737-800s, one Airbus A320-200, and one Airbus A321-200.

“Air Berlin and ALC have a special relationship. ALC leased its first new aircraft in May of 2010 to Air Berlin. The placement of the new 737-800 and the lease extensions of the ALC aircraft that they currently operate further the close links between our two companies. We look forward to supporting Air Berlin for many years to come as they grow their operations,” said Steven F. Udvar-Hazy, Chairman and CEO of Air Lease Corporation.