Air Lease Corporation Announces the Placement of Two New Boeing 777-300ERs with Ethiopian Airlines

LOS ANGELES, California, April 22, 2013 — Today Air Lease Corporation (NYSE: AL) announced a lease agreement with Ethiopian Airlinesfor two new Boeing 777-300ER aircraft, both on lease for twelve years. The aircraft are scheduled for delivery in May and June 2015.

“We are proud to expand our relationship with Ethiopian Airlines by placing two brand new 777-300ERs into their long haul fleet. These aircraft will enhance their intercontinental operations with leading fuel efficiency and a premier passenger experience,” said Kishore Korde, Air Lease Corporation’s Senior Vice President.

“We are very happy to finalize this deal with our strong partner, Air Lease Corporation. These two new Boeing 777-300ERs are critical for our rapidly expanding non-stop long haul routes. Today, our network of 72 international destinations covers four continents through our main hub in Addis Ababa, offering the most convenient connections to passengers traveling between Africa and the rest of the world. The introduction of these two new Boeing 777s into our young and modern fleet is part of our continuing commitment to afford our customers the best possible on-board long haul experience”, said Tewolde Gebremariam, CEO of Ethiopian Airlines.