FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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OMB Number: 3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                       
1. Name and Address of Reporting Person * UDVAR-HAZY STEVEN F 2. Issuer Name and Ticker or Trading Symbol AIR LEASE CORP [ AL ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
EXECUTIVE CHAIRMAN
(Last)          (First)          (Middle)
C/O AIR LEASE CORPORATION, 2000 AVENUE OF THE STARS, SUITE 1000N		 3. Date of Earliest Transaction (MM/DD/YYYY)
3/15/2023
(Street)
LOS ANGELES, CA 90067
(City)        (State)        (Zip)
 4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
 6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Air Lease Corporation - Class A Common Stock  3/15/2023    G    3050  D $0  1394466  D 
 
Air Lease Corporation - Class A Common Stock  3/15/2023    G    300  A $0  36745  I  See footnote (1)
Air Lease Corporation - Class A Common Stock  3/15/2023    G    300  A $0  16550  I  See footnote (2)
Air Lease Corporation - Class A Common Stock  3/15/2023    G    300  A $0  19500  I  See footnote (2)
Air Lease Corporation - Class A Common Stock  3/15/2023    G    300  A $0  17000  I  See footnote (3)
Air Lease Corporation - Class A Common Stock  3/15/2023    G    300  A $0  24500  I  See footnote (3)
Air Lease Corporation - Class A Common Stock  3/15/2023    G    300  A $0  3500  I  See footnote (4)
Air Lease Corporation - Class A Common Stock  3/15/2023    G    300  A $0  3300  I  See footnote (4)
Air Lease Corporation - Class A Common Stock  3/15/2023    G    300  A $0  2500  I  See footnote (4)
Air Lease Corporation- Class A Common Stock  3/15/2023    G    300  A $0  1300  I  See footnote (4)
Air Lease Corporation - Class A Common Stock  3/15/2023    G    300  A $0  300  I  See footnote (4)
Air Lease Corporation - Class A Common Stock                 36000  I  See footnote (5)
Air Lease Corporation - Class A Common Stock                 329350  I  See footnote (6)
Air Lease Corporation - Class A Common Stock                 102000  I  See footnote (7)
Air Lease Corporation - Class A Common Stock                 2705000  I  See footnote (8)
Air Lease Corporation - Class A Common Stock                 1205558  I  See footnote (9)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
(1)  These shares are owned by the reporting person's wife. The reporting person expressly disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.
(2)  These shares are owned by one of the reporting person's daughters. The reporting person expressly disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.
(3)  These shares are owned by one of the reporting person's sons. The reporting person expressly disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.
(4)  These shares are held by the reporting person as custodian for one of the reporting person's grandchildren under the California Uniform Transfers to Minors Act. The reporting person expressly disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.
(5)  These shares are held by Emerald Financial LLC. A separate trust for each of the reporting person's four children owns 25% of the membership interests of Emerald LLC. Inclusion of these shares in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.
(6)  These shares are held by Air Intercontinental, Inc., of which the reporting person is the sole stockholder.
(7)  These shares are held by Ocean Equities, Inc. which is 100% owned by the Hazy Family Community Property Trust 5/28/85 of which the reporting person is the trustee and beneficial owner.
(8)  These shares are held by the Hazy Family Community Property Trust 5/28/85, of which the reporting person is the trustee and beneficial owner.
(9)  These shares are held by the Udvar-Hazy Separate Property Trust, of which the reporting person is the trustee.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
UDVAR-HAZY STEVEN F
C/O AIR LEASE CORPORATION
2000 AVENUE OF THE STARS, SUITE 1000N
LOS ANGELES, CA 90067		 X
EXECUTIVE CHAIRMAN

Signatures
/s/ Lauren Jaeger, Attorney-in-Fact 3/17/2023
**Signature of Reporting Person Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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