Air Lease Corporation (NYSE: AL) has signed comprehensive restructuring agreements with Vietnam Airlines covering the leasing of 18 aircraft, including 12 Airbus A321neo and six Boeing 787-10 aircraft. These agreements extend terms and revise lease economics closely tailored to the recovering economies and air travel in Vietnam and Southeast Asia.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

About Air Lease Corporation (NYSE: AL)

ALC is a leading aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. ALC routinely posts information that may be important to investors in the “Investors” section of ALC’s website at www.airleasecorp.com. Investors and potential investors are encouraged to consult the ALC website regularly for important information about ALC. The information contained on, or that may be accessed through, ALC’s website is not incorporated by reference into, and is not a part of, this press release.

Investors: Mary Liz DePalma Vice President, Investor Relations Email: investors@airleasecorp.com Jason Arnold Assistant Vice President, Finance Email: investors@airleasecorp.com Media: Laura Woeste Senior Manager, Media and Investor Relations Email: press@airleasecorp.com Ashley Arnold Manager, Media and Investor Relations Email: press@airleasecorp.com

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