Exhibit 99.1

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Air Lease Corporation Announces First Quarter 2017 Results

Los Angeles, California, May 4, 2017 — Air Lease Corporation (ALC) (NYSE: AL) announces financial results for the three months ended March 31, 2017.

·

Revenues:

o

$360.2 million for the three months ended March 31, 2017

·

Diluted earnings per share:

o

$0.78 for the three months ended March 31, 2017

·

Adjusted diluted earnings per share before income taxes:

o

$1.33 for the three months ended March 31, 2017

· Margin:

o

Pre-tax margin of 37.2% for the three months ended March 31, 2017

o

Adjusted pre-tax margin of 40.7% for the three months ended March 31, 2017

·

Return on equity:

o

Pre-tax return on equity of 17.4% for the trailing twelve months ended March 31, 2017

o

Adjusted pre-tax return on equity of 18.8% for the trailing twelve months ended March 31, 2017

Highlights

·

Added 11 aircraft with a cost of $825.0 million ending the quarter with $12.6 billion in aircraft with a weighted average age of 3.7 years and a weighted average lease term remaining of 6.9 years.

·

Signed 34 lease agreements and 19 letters of intent adding five additional airlines to our customer base.  

·

Minimum future contracted rentals for our current and future fleet increased to $24.0 billion.

·

Placed 91% of our order book on long-term leases for aircraft delivering through 2019.

·

Completed a senior unsecured notes offering in March 2017, issuing $500 million at 3.625%, maturing in 2027.

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Entered into an agreement to sell and continue to manage a fleet of 19 aircraft to Thunderbolt Aircraft Lease Limited ("Thunderbolt"), a group of third party investors. We expect the sale of all aircraft to be completed by the end of 2017.

·

In May 2017, completed an amendment to our Syndicated Unsecured Revolving Credit Facility, increasing the capacity to $3.7 billion and extending the final maturity to May 2021 with an interest rate of LIBOR plus 1.05%.

·

Declared a quarterly cash dividend of $0.075 per share on our outstanding common stock for the first quarter of 2017.  The dividend will be paid on July 11, 2017 to holders of record of our common stock as of June 14, 2017.


The following information was filed by Air Lease Corp (AL) on Thursday, May 4, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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