<SEC-DOCUMENT>0001179110-20-005566.txt : 20200508
<SEC-HEADER>0001179110-20-005566.hdr.sgml : 20200508
<ACCEPTANCE-DATETIME>20200508090814
ACCESSION NUMBER:		0001179110-20-005566
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200506
FILED AS OF DATE:		20200508
DATE AS OF CHANGE:		20200508

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HART MATTHEW J
		CENTRAL INDEX KEY:			0001188272

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35121
		FILM NUMBER:		20858950

	MAIL ADDRESS:	
		STREET 1:		C/O AIR LEASE CORPORATION
		STREET 2:		2000 AVENUE OF THE STARS, SUITE 1000N
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AIR LEASE CORP
		CENTRAL INDEX KEY:			0001487712
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359]
		IRS NUMBER:				271840403
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		SUITE 1000-N
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 553-0555

	MAIL ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		SUITE 1000-N
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AIR LEASE Corp
		DATE OF NAME CHANGE:	20100323
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>FORM 4 -
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2020-05-06</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001487712</issuerCik>
        <issuerName>AIR LEASE CORP</issuerName>
        <issuerTradingSymbol>AL</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001188272</rptOwnerCik>
            <rptOwnerName>HART MATTHEW J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O AIR LEASE CORPORATION,</rptOwnerStreet1>
            <rptOwnerStreet2>2000 AVENUE OF THE STARS, SUITE 1000N,</rptOwnerStreet2>
            <rptOwnerCity>LOS ANGELES</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>90067</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Air Lease Corporation - Class A Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2020-05-06</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>5565</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>45692</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">Restricted stock units (RSUs) granted under the Air Lease Corporation 2014 Equity Incentive Plan, in connection with the reporting person's service as a member of the Board of Directors of the Issuer. Subject to certain conditions, all of these RSUs will vest in full on May 6, 2021, the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock on the vesting date.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Carol H. Forsyte, on behalf of Matthew J. Hart (Power of Attorney Attached)</signatureName>
        <signatureDate>2020-05-08</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>ex-24hart.txt
<TEXT>



               Power of Attorney



 I hereby constitute and appoint John L. Plueger, Gregory B. Willis,
Carol H. Forsyte and Courtney McKeown, and each of them, acting
alone without any of the others, my true and lawful attorneys-in-fact
and agents, with full power of substitution and resubstitution, for
me and in my name, place and stead, in any and all capacities, to
prepare, sign and file any and all Forms 3, 4, 5 and 144 and any
successor Forms (and any amendments or corrections to all such forms,
and any related documents or items, including a Form ID and any other
documents necessary to obtain codes and passwords necessary to
make electronic filings) which they deem needed or desirable with
the Securities and Exchange Commission and any and all stock
exchanges, granting unto said attorneys-in-fact and agents full
power and authority to do and perform each and every act and
thing necessary or appropriate in connection with this power and
authority, hereby ratifying and confirming all that said
attorneys-in-fact and agents, or their substitute or
substitutes, may lawfully do or cause to be done by virtue
thereof.  This Power of Attorney shall remain in full force and
effect until I am no longer required to file Forms 3, 4, 5 and
144 with respect to my holdings of and transactions in
securities issued by Air Lease Corporation, unless earlier
revoked by me in a signed writing delivered to the foregoing
attorneys-in-fact.


                               By: /s/ Matthew J. Hart


                               Date: February 12, 2020
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
