Air Lease Corporation Announces Change in Location of 2020 Annual Meeting of Stockholders

Air Lease Corporation (NYSE: AL) (the "Company") today announced that, due to the public health impact of the coronavirus outbreak (COVID-19) and government-issued prohibitions on public gatherings, the location of the Company's upcoming 2020 Annual Meeting of Stockholders (the "Annual Meeting") has been changed and will now be held in a virtual only meeting format accessible at https://web.lumiagm.com/242548877. The Annual Meeting will be held at the originally scheduled date and time on Wednesday, May 6, 2020 at 7:30 a.m. Pacific Time. You will not be able to attend the Annual Meeting physically in person.

If you are a stockholder of record, to attend and participate in the Annual Meeting you should go to https://web.lumiagm.com/242548877. The password for the meeting is air2020. You will then have to click on "I have a login" and enter the 11-digit control number found on your proxy card you previously received. Follow the instructions on the virtual meeting platform to access the Annual Meeting.

If you hold your shares in "street name" through an intermediary, such as a bank, broker or other nominee, in order to participate in the Annual Meeting you must first obtain, in advance, from your bank, broker or other nominee, a legal proxy reflecting the number of shares of the Company's Class A Common Stock you held as of the record date, your name and email address, unless you previously obtained a legal proxy from your bank, broker or other nominee. You must then submit a request for registration to First Coast Results, Inc. by email to [email protected]. Requests for registration must be labeled as "Legal Proxy" and be received by First Coast Results, Inc. no later than 5:00 p.m. Eastern Time on Tuesday, April 28, 2020. Obtaining a legal proxy may take several days, or longer, and stockholders are advised to register as far in advance as possible. Proxy holders registered with First Coast Results, Inc. will receive a control number and may access the Annual Meeting as described in the paragraph above for stockholders of record.

The live audio webcast of the Annual Meeting will begin promptly at 7:30 a.m. Pacific Time. Online access to the audio webcast will open 15 minutes prior to the start of the Annual Meeting to allow time for you to log-in and test your internet-connected device's audio system. We encourage you to access the meeting in advance of the designated time.

Further information regarding the change in the location of the Annual Meeting can be found in the Additional Proxy Soliciting Materials filed by the Company with the Securities and Exchange Commission on April 14, 2020.

The Company urges stockholders to vote and submit proxies in advance of the Annual Meeting by one of the methods described in the proxy materials for the Annual Meeting.

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.