<SEC-DOCUMENT>0001193125-25-054039.txt : 20250313
<SEC-HEADER>0001193125-25-054039.hdr.sgml : 20250313
<ACCEPTANCE-DATETIME>20250313171512
ACCESSION NUMBER:		0001193125-25-054039
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		17
CONFORMED PERIOD OF REPORT:	20250313
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20250313
DATE AS OF CHANGE:		20250313

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AIR LEASE CORP
		CENTRAL INDEX KEY:			0001487712
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359]
		ORGANIZATION NAME:           	07 Trade & Services
		IRS NUMBER:				271840403
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35121
		FILM NUMBER:		25736834

	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>
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<TYPE>8-K
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<td style="vertical-align:top;text-align:left"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:left">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</p></td></tr></table> <p style="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table style="border-collapse:collapse; font-family:Times New Roman; font-size:10pt;border:0;width:100%" cellpadding="0" cellspacing="0">
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<td style="vertical-align:top;text-align:left"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:left">Soliciting material pursuant to Rule <span style="white-space:nowrap">14a-12</span> under the Exchange Act (17 CFR <span style="white-space:nowrap">240.14a-12)</span></p></td></tr></table> <p style="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
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<td style="vertical-align:top;text-align:left"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:left"><span style="white-space:nowrap">Pre-commencement</span> communications pursuant to Rule <span style="white-space:nowrap">14d-2(b)</span> under the Exchange Act (17 CFR <span style="white-space:nowrap">240.14d-2(b))</span></p></td></tr></table> <p style="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
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<td style="vertical-align:top;text-align:left"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:left"><span style="white-space:nowrap">Pre-commencement</span> communications pursuant to Rule <span style="white-space:nowrap">13e-4(c)</span> under the Exchange Act (17 CFR <span style="white-space:nowrap">240.13e-4(c))</span></p></td></tr></table> <p style="margin-top:7pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Securities registered pursuant to Section&#160;12(b) of the Act:</p> <p style="font-size:7pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
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<td style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> <p style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">Title of each class</p></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"> <p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">Trading</p> <p style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">Symbol(s)</p></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"> <p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">Name of each exchange</p> <p style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">on which registered</p></td></tr>
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<td style="vertical-align:bottom">&#160;</td>
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<td style="vertical-align:bottom">&#160;</td>
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<td style="vertical-align:bottom">&#160;</td>
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<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:top;text-align:center"><ix:nonNumeric name="dei:SecurityExchangeName" contextRef="duration_2025-03-13_to_2025-03-13_us-gaap-StatementClassOfStockAxis_al-SeriesAMediumTermNotesMember" format="ixt-sec:exchnameen" id="ixv-387">New York Stock Exchange</ix:nonNumeric></td></tr></table> <p style="margin-top:7pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule <span style="white-space:nowrap">12b-2</span> of the Securities Exchange Act of 1934 <span style="white-space:nowrap">(&#167;240.12b-2</span> of this chapter).</p> <p style="margin-top:7pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Emerging growth company&#8194;<ix:nonNumeric name="dei:EntityEmergingGrowthCompany" contextRef="duration_2025-03-13_to_2025-03-13" format="ixt-sec:boolballotbox" id="ixv-388">&#9744;</ix:nonNumeric></p> <p style="margin-top:7pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section&#160;13(a) of the Exchange Act.&#8194;&#9744;</p> <p style="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&#160;</p> <p style="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&#160;</p> <p style="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&#160;</p></div></div>

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<td style="width:11%;vertical-align:top;text-align:left"><span style="font-weight:bold">Item&#8201;5.02</span></td>
<td style="vertical-align:top;text-align:left"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:left">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers </p></td></tr></table> <p style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><span style="font-style:italic">Retirement of Mr.&#160;Steven <span style="white-space:nowrap">Udvar-H&#225;zy</span> </span></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On March&#160;13, 2025, Mr.&#160;Steven <span style="white-space:nowrap">Udvar-H&#225;zy</span> notified Air Lease Corporation (the &#8220;Company&#8221;) of his intent to retire from his position as Executive Chairman of the Company effective as of the date of the Company&#8217;s 2025 Annual Meeting of Stockholders (the &#8220;2025 Annual Meeting&#8221;), currently expected to be held on May&#160;2, 2025 (the &#8220;Retirement Date&#8221;). On the Retirement Date, his employment with the Company and its subsidiaries will end and <span style="white-space:nowrap">Mr.&#160;Udvar-H&#225;zy</span> will, if elected by the Company&#8217;s stockholders at the 2025 Annual Meeting, serve as <span style="white-space:nowrap">non-executive</span> Chairman (the &#8220;Chairman&#8221;) of the Board of Directors (the &#8220;Board&#8221;) from the 2025 Annual Meeting until the Company&#8217;s 2026 Annual Meeting of Stockholders, at which time he is expected to retire from the Board. </p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In connection with his service as Chairman of the Board, <span style="white-space:nowrap">Mr.&#160;Udvar-H&#225;zy</span> will, if <span style="white-space:nowrap">re-elected</span> at the 2025 Annual Meeting, receive the Company&#8217;s standard <span style="white-space:nowrap">non-employee</span> director cash and equity compensation, which is described in the Company&#8217;s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission (&#8220;SEC&#8221;) on March&#160;18, 2024, with the exception that the Letter Agreement (as defined below) also provides for an annual cash retainer of $50,000 for <span style="white-space:nowrap">Mr.&#160;Udvar-H&#225;zy&#8217;s</span> service as Chairman of the Board. </p> <p style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><span style="font-style:italic">Letter Agreement with <span style="white-space:nowrap">Mr.&#160;Udvar-H&#225;zy</span> </span></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On March&#160;13, 2025, the Company, ALC Aircraft Limited (&#8220;ALC Ireland&#8221;) and <span style="white-space:nowrap">Mr.&#160;Udvar-H&#225;zy</span> entered into a Letter Agreement specifying the terms of his retirement from the Company and ALC Ireland, and his transition to Chairman of the Company. The Letter Agreement provides that <span style="white-space:nowrap">Mr.&#160;Udvar-H&#225;zy</span> will be entitled to retirement benefits that are based on the benefits to which he is currently entitled under his existing severance agreement (the &#8220;Severance Agreement&#8221;) with the Company and his existing equity award agreements (the &#8220;Award Agreements&#8221;) with the Company. In consideration of <span style="white-space:nowrap">Mr.&#160;Udvar-H&#225;zy&#8217;s</span> acceptance of the Letter Agreement, and acceptance and delivery of certain associated releases, he will be entitled to receive the following: (i)&#160;salary continuation at his current annual base salary of $1.8&#160;million and continued health coverage until the second anniversary of the Retirement Date; (ii)&#160;an amount equal to approximately $5.6&#160;million, representing two times the average of his prior three annual bonus payments received during the <span style="white-space:nowrap">36-month</span> period immediately prior to the Retirement Date, payable in cash in substantially equal installments over the <span style="white-space:nowrap">two-year</span> period following the Retirement Date; (iii)&#160;a prorated cash bonus with respect to 2025 based on actual Company performance for the full year payable on or before March&#160;15, 2026; and (iv)&#160;continued vesting of his outstanding restricted stock units (&#8220;RSUs&#8221;), as described below. The Letter Agreement also provides that the Board will nominate and recommend <span style="white-space:nowrap">Mr.&#160;Udvar-H&#225;zy</span> for election as a director to serve as Chairman at the 2025 Annual Meeting. If elected, his role as Chairman will consist of attending and presiding over Company stockholder and Board meetings, and performing such other duties and responsibilities as may be requested by the Board. If the Company&#8217;s stockholders do not elect <span style="white-space:nowrap">Mr.&#160;Udvar-H&#225;zy</span> to serve as Chairman at the 2025 Annual Meeting, or if he is elected and he breaches the material terms of the Letter Agreement or a Cause Event (as defined in the Letter Agreement) occurs, he has agreed to promptly retire from the Board in accordance with the Company&#8217;s Governance Guidelines. Pursuant to the Letter Agreement and consistent with the terms of the Award Agreements, his outstanding RSUs will continue to vest in accordance with their terms during his service as Chairman. Any RSUs that vest during <span style="white-space:nowrap">Mr.&#160;Udvar-H&#225;zy&#8217;s</span> service as Chairman will be settled in the ordinary course. Any RSUs that vest as a result of <span style="white-space:nowrap">Mr.&#160;Udvar-H&#225;zy&#8217;s</span> retirement from the role of Chairman (other than for the occurrence of a Cause Event) will be settled six months following the date of such retirement. If <span style="white-space:nowrap">Mr.&#160;Udvar-H&#225;zy</span> ceases to serve as Chairman due to the occurrence of a Cause Event, vesting of all of his then outstanding RSUs will cease and they will be subject to the terms of the Award Agreements. The Letter Agreement provided notice of termination of <span style="white-space:nowrap">Mr.&#160;Udvar-H&#225;zy&#8217;s</span> Irish Employment Agreement (as defined in the Letter Agreement) and the benefits provided pursuant to the Letter Agreement supersede any benefits that would be due pursuant to <span style="white-space:nowrap">Mr.&#160;Udvar-H&#225;zy&#8217;s</span> Irish Employment Agreement and Severance Agreement (both as described in the Company&#8217;s definitive proxy statement on Schedule 14A filed with the SEC on March&#160;18, 2024). </p>
 <p style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&#160;</p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:center">2 </p>

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 <p style="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Following his retirement from the Board, <span style="white-space:nowrap">Mr.&#160;Udvar-Hazy</span> will continue to be bound by his obligations concerning confidentiality, <span style="white-space:nowrap">non-solicitation,</span> and assignment of rights to intellectual property, and he will also be subject to <span style="white-space:nowrap">six-month</span> <span style="white-space:nowrap">non-competition,</span> and mutual <span style="white-space:nowrap">non-disparagement,</span> obligations with respect to the Company and its affiliates. </p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The foregoing description of the Letter Agreement with <span style="white-space:nowrap">Mr.&#160;Udvar-H&#225;zy</span> is qualified in its entirety by reference to the full text of the Letter Agreement, which is included as Exhibit 10.1 to this Current Report and incorporated by reference into this Item 5.02. </p> <p style="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
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<td style="width:11%;vertical-align:top;text-align:left"><span style="font-weight:bold">Item&#8201;7.01</span></td>
<td style="vertical-align:top;text-align:left"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:left">Regulation FD Disclosure </p></td></tr></table> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On March&#160;13, 2025, the Company issued a press release announcing the retirement of <span style="white-space:nowrap">Mr.&#160;Udvar-H&#225;zy</span> from his position as Executive Chairman of the Company effective as of the 2025 Annual Meeting. A copy of the press release is furnished herewith and attached hereto as Exhibit 99.1. </p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The information in this Item 7.01 and the related information in Exhibit 99.1 attached hereto shall not be deemed to be &#8220;filed&#8221; for purposes of Section&#160;18 of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), or otherwise subject to the liabilities of that Section, and shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. </p> <p style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold">Forward-Looking Statements </p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Current Report on Form <span style="white-space:nowrap">8-K</span> contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the Company&#8217;s 2025 Annual Meeting, future leadership and <span style="white-space:nowrap">Mr.&#160;Udvar-H&#225;zy&#8217;s</span> future service on the Board. Such statements are based on current expectations and are not guarantees of future outcomes. Actual results and outcomes may differ materially from those expressed in forward-looking statements due to a number of factors, including but not limited to, those risks discussed under &#8220;Part I - Item 1A. Risk Factors,&#8221; in the Company&#8217;s Annual Report on Form <span style="white-space:nowrap">10-K</span> for the year ended December&#160;31, 2024, and other SEC filings, including future SEC filings. All forward-looking statements are necessarily only estimates of future results, and there can be no assurance that actual results will not differ materially from expectations. You are therefore cautioned not to place undue reliance on such statements. Any forward-looking statement speaks only as of the date on which it is made, and the Company does not intend and undertakes no obligation to update any forward-looking information to reflect actual results or events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. </p> <p style="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
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<td style="width:11%;vertical-align:top;text-align:left"><span style="font-weight:bold">Item&#8201;9.01</span></td>
<td style="vertical-align:top;text-align:left"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:left">Financial Statements and Exhibits </p></td></tr></table> <p style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(d)&#8194;<span style="font-style:italic">Exhibits</span> </p> <p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
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<td style="vertical-align:bottom">&#160;&#160;</td>
<td style="vertical-align:top"><a href="d922933dex101.htm">Letter Agreement, by and among the Company, ALC Ireland and <span style="white-space:nowrap">Mr.&#160;Udvar-H&#225;zy,</span> dated March&#160;13, 2025. </a></td></tr>
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<td style="vertical-align:top"><a href="d922933dex991.htm">Air Lease Corporation Press Release dated March&#160;13, 2025. </a></td></tr>
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<td style="vertical-align:top">The cover page from this Current Report on <span style="white-space:nowrap">8-K</span> formatted in Inline XBRL.</td></tr>
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<td style="vertical-align:bottom">AIR LEASE CORPORATION</td></tr>
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<td style="vertical-align:bottom">Date: March&#160;13, 2025</td>
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<td style="vertical-align:bottom"> <p style="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman"><span style="font-style:italic">/s/ Carol Forsyte</span></p></td></tr>
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<td style="vertical-align:top">Executive Vice President, General Counsel, Corporate<br/>Secretary and Chief Compliance Officer</td></tr>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Exhibit 10.1 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><I>Execution Version </I></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">March&nbsp;13,
2025 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Steven <FONT STYLE="white-space:nowrap">Udvar-H&aacute;zy</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Steven: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The purpose of this letter
agreement (this &#147;<U>Agreement</U>&#148;) is to confirm the terms of your retirement from employment with Air Lease Corporation (the &#147;<U>Company</U>&#148;), ALC Aircraft Limited (&#147;<U>ALC Ireland</U>&#148;), and their respective
subsidiaries and Affiliates (collectively, the &#147;<U>Company Group</U>&#148;), as well as your continued service as <FONT STYLE="white-space:nowrap">non-executive</FONT> Chairman (&#147;<U>Chairman</U>&#148;) of the Company&#146;s Board of
Directors (the &#147;<U>Board</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Capitalized terms not defined herein will have the respective meanings ascribed to them in the
Severance Agreement between you and the Company dated as of July&nbsp;1, 2016 (the &#147;<U>Severance Agreement</U>&#148;) attached as Schedule I hereto. For purposes of this Agreement, &#147;<U>Affiliates</U>&#148; means all persons and entities
directly or indirectly controlling, controlled by, or under common control with the relevant person or entity, where control may be management authority, equity interest, or otherwise. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>1. Retirement Date. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) You will retire
from each position of employment with the Company Group, including, without limitation, your position as Executive Chairman of the Company Group, on the date of the Company&#146;s 2025 Annual Meeting of Stockholders (currently expected to be held on
May&nbsp;2, 2025) (the &#147;<U>Retirement Date</U>&#148;). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) Subject to Section&nbsp;2(a) below, effective as of the Retirement Date,
you will be deemed to have retired from any and all employment and officer positions that you hold with the Company Group, without any further action required by any party (the &#147;<U>Retirement</U>&#148;). The Company, on its own behalf, and on
behalf of the other members of the Company Group, hereby accepts the Retirement as of the Retirement Date. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>2. Chairman Role. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) In consideration of your acceptance of this Agreement, and subject to your meeting in full your obligations hereunder, including, without
limitation, your obligation to execute the Releases (as defined below) and your Continuing Obligations (as defined below), and provided that your employment is not terminated for Cause and you do not resign for any reason prior to the
</P>
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Retirement Date, the Board will nominate and recommend you for election as Chairman at the Company&#146;s 2025 Annual Meeting of Stockholders to serve in a
<FONT STYLE="white-space:nowrap">non-executive</FONT> capacity until the earlier of (i)&nbsp;the Company&#146;s 2026 Annual Meeting of Stockholders or (ii)&nbsp;your retirement from the Board following the 2025 Annual Meeting of Stockholders. The
period of your service as Chairman (i.e., the period following the 2025 Annual Meeting of Stockholders) will be referred to herein as the &#147;<U><FONT STYLE="white-space:nowrap">Non-Executive</FONT> Period</U>&#148;. You acknowledge and agree that
your role as Chairman after the Retirement Date will be in a <FONT STYLE="white-space:nowrap">non-executive</FONT> capacity under Section&nbsp;3.10 of the Company&#146;s Bylaws. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) If the Company&#146;s stockholders elect you to serve as Chairman at the Company&#146;s 2025 Annual Meeting of Stockholders, your role
during the <FONT STYLE="white-space:nowrap">Non-Executive</FONT> Period will consist of attending and presiding over Company stockholder and Board meetings. If the Company&#146;s stockholders do not elect you to serve as Chairman at the
Company&#146;s 2025 Annual Meeting of Stockholders, you agree to promptly retire from the Board in accordance with the Company&#146;s Governance Guidelines. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) During the <FONT STYLE="white-space:nowrap">Non-Executive</FONT> Period, you will receive the following compensation for your service on
the Board, subject to the terms and conditions that generally apply to other members of the Board (the &#147;<U>Board Service Compensation</U>&#148;): (i) an annual cash retainer in the amount of $80,000 (prorated for any partial year of service);
(ii) an annual grant of restricted stock units of the Company (&#147;<U>RSUs</U>&#148;) with a grant date value of $130,000; and (iii)&nbsp;an annual<B> </B>cash retainer in the amount of $50,000 for your service as Chairman (prorated for any
partial year of service). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) Unless otherwise requested by the Board, during the <FONT STYLE="white-space:nowrap">Non-Executive</FONT>
Period, you will not perform any duties or have any responsibilities other than those described in Section&nbsp;2(b) above. If, during the <FONT STYLE="white-space:nowrap">Non-Executive</FONT> Period, the Board requests that you provide services
beyond those described in Section&nbsp;2(b) above in a consulting or advisory capacity (&#147;<U>Additional Services</U>&#148;), and you agree to provide such Additional Services, you will be paid for the Additional Services at the same per diem
rate as other <FONT STYLE="white-space:nowrap">non-employee</FONT> Board members for <FONT STYLE="white-space:nowrap">non-ordinary</FONT> course Board activity (subject to the approval of the Board or the Independent Lead Director of the Board) plus
reimbursement for any reasonable expenses in accordance with Company policies. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.</B> <B>Final Salary and Vacation Pay. </B>You will receive, within
the time period required by law, pay for all work you performed for the Company Group through the Retirement Date, to the extent not previously paid, as well as pay, at your final base rate of pay, for any vacation days you earned but had not used
as of the Retirement Date (including those accrued in connection with your employment with ALC Ireland), determined in accordance with Company Group policy and as reflected on the books of the applicable members of the Company Group. You will
receive the payments described in this Section&nbsp;3 regardless of whether or not you sign this Agreement. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>4.</B> <B>Retirement Benefits. </B>In
consideration of your acceptance of this Agreement, and subject to your meeting in full your obligations hereunder, including, without limitation, your obligation to execute the Releases (as defined below) and your Continuing Obligations, and
provided that your employment is not terminated for Cause and you do not resign for any reason prior to the Retirement Date, and in full consideration of any rights you may have under the Severance Agreement, that certain letter agreement between
you and the Company dated as of February&nbsp;14, 2023 (the &#147;<U>Letter Agreement</U>&#148;), and that certain employment agreement between you and ALC Ireland dated as of February&nbsp;14, 2023 (the &#147;<U>Irish Employment
Agreement</U>&#148;), the Company will pay you the following retirement pay and benefits: </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) an amount equal to $9,230,400 (comprising two times the sum of your current annual base
salary of $1,800,000 plus the average of your prior three (3)&nbsp;annual bonuses of $2,808,000 (2022), $3,175,200 (2023), and $2,462,400 (2024)) (the &#147;<U>Retirement Payments</U>&#148;), payable in substantially equal installments in accordance
with the Company&#146;s normal payroll practices commencing on the first payroll date following the date on which the Supplemental Release (as defined below) becomes effective and continuing until the second anniversary of the Retirement Date (the
&#147;<U>Continuation Period</U>&#148;), provided that the first Retirement Payment will include a lump sum payment of any amounts that were not paid before the first payroll date following the effective date of the Supplemental Release (for the
avoidance of doubt, the Company acknowledges that the Retirement Payments will continue for a period of time after the <FONT STYLE="white-space:nowrap">Non-Executive</FONT> Period in accordance with and subject to the terms of this Agreement and
such Retirement Payments shall not be terminated, forfeited or otherwise modified if an Early Full Retirement occurs under Section&nbsp;9(b) or you retire from your position as Chairman, for any reason, prior to the Company&#146;s 2026 Annual
Meeting of Stockholders); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) subject to your valid election to continue healthcare coverage under applicable law, the Company will
contribute to the premium costs and administrator fees of your (and your eligible dependents&#146;) continuing coverage under the Company&#146;s group health plans in which you and your eligible dependents were participating as of the Retirement
Date at the same rate it contributes to your and your eligible dependents&#146; premium costs as of the Retirement Date until the end of the Continuation Period (the &#147;<U>COBRA Payments</U>&#148;), provided, however, that (a)&nbsp;if any plan
pursuant to which benefits are provided is not or, prior to the expiration of the Continuation Period ceases to be, exempt from the application of Section&nbsp;409A of the Internal Revenue Code under Treasury Regulation <FONT
STYLE="white-space:nowrap">Section&nbsp;1.409A-1(a)(5),</FONT> or (b)&nbsp;the Company is otherwise unable to continue to cover you under its group health plans (including, without limitation, under Section&nbsp;2716 of the Public Health Service
Act), then, in either case, the Company will pay you an amount equal to each remaining Company subsidy as currently taxable compensation in substantially equal installments over the Continuation Period (or the remaining portion thereof) (for the
avoidance of doubt, the Company acknowledges that the COBRA Payments will continue for a period of time after the <FONT STYLE="white-space:nowrap">Non-Executive</FONT> Period in accordance with and subject to the terms of this Agreement and such
COBRA Payments shall not be terminated, forfeited or otherwise modified if an Early Full Retirement occurs under Section&nbsp;9(b) or you retire from your position as Chairman, for any reason, prior to the Company&#146;s 2026 Annual Meeting of
Stockholders); and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) the Equity Consideration (as defined below). </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>5. Acknowledgement of Full Payment and Withholding. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) You acknowledge and agree that the payments provided under Sections&nbsp;3 and 4 above are in complete satisfaction of any and all
compensation or benefits due to you from the Company Group (except with respect to any accrued benefits owed to you under the Company&#146;s 401(k) plan), whether for services provided to the Company, ALC Ireland, under the Severance Agreement, or
otherwise, through the Retirement Date and that, except as expressly provided </P>
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under this Agreement, no further compensation or benefits are owed or will be provided to you (except accrued benefits owed to you under the Company&#146;s 401(k) plan). Without limiting the
foregoing, you and ALC Ireland acknowledge and agree that, notwithstanding anything to the contrary in the Irish Employment Agreement, this Agreement satisfies any written notice requirements imposed on you or ALC Ireland under the terms of the
Irish Employment Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) All payments made by the Company Group under this Agreement or otherwise will be reduced by any tax or
other amounts required to be withheld under applicable law and all other lawful deductions authorized by you. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>6. Status of Employee Benefits, Paid
Time Off, Expenses, Bonuses and Equity. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) Except for any right you may have to continue your participation and that of your eligible
dependents in the Company&#146;s group health plans under the federal law known as &#147;COBRA&#148; or similar applicable law, and except as provided in Section&nbsp;4(b) above, your participation in all employee benefit plans of the Company Group
as an active employee will end as of the Retirement Date, in accordance with the terms of those plans. You will not continue to earn paid time off or other similar benefits after the Retirement Date. You will receive information about your COBRA
continuation rights under separate cover. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) Within two (2)&nbsp;weeks following the Retirement Date, you must submit your final expense
reimbursement statement reflecting all business expenses you incurred through the Retirement Date, if any, for which you seek reimbursement, and, in accordance with Company Group policies, reasonable substantiation, and documentation for the same.
The Company will reimburse you for your authorized and documented expenses within thirty (30)&nbsp;days of receiving such statement pursuant to its regular business practice<B> </B>and in all events before the last day of the calendar year following
the calendar year in which the expense was incurred. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) In consideration of your acceptance of this Agreement, and subject to your
meeting in full your obligations hereunder, including, without limitation, your obligation to execute the Releases (as defined below) and your Continuing Obligations, and provided that your employment is not terminated for Cause and you do not
resign for any reason prior to the Retirement Date, and in full consideration of any rights you may have under the Severance Agreement and the Irish Employment Agreement, the Company will pay you the following bonuses (the &#147;<U>Bonus
Opportunities</U>&#148;): </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(i) an annual bonus for 2024 of $2,462,400, payable in RSUs consistent with past practice under the Air Lease
Corporation 2023 Equity Incentive Plan (the &#147;<U>2023 Plan</U>&#148;) and pursuant to the terms and conditions set forth in the form of Bonus RSU agreement attached on Schedule III hereto, on or about March&nbsp;13, 2025; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(ii) any annual bonus earned for 2025, as determined by the Leadership, Development and Compensation Committee of the Board (the
&#147;<U>Committee</U>&#148;) in its sole discretion based on actual Company performance for the entire calendar year and the individual performance factor determined for you, prorated based on the portion of the 2025 calendar year preceding the
Retirement Date, and payable in a cash lump sum on or before March&nbsp;15, 2026; provided that the Committee&#146;s determination of actual Company performance (but not, for the avoidance of doubt, your individual performance factor) with respect
to your annual bonus will be the same as the Committee&#146;s determination of the Company&#146;s performance with respect to other senior officers of the Company with annual bonuses based on the same performance criteria. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) You acknowledge and agree as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(i) As of the date hereof, you hold the equity compensation awards set forth on Schedule II hereto (the &#147;<U>Equity Awards</U>&#148;). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(ii) Other than the Equity Awards, as of the date hereof, you do not hold any other equity compensation awards with respect to the Company or
any member of the Company Group, whether under the Air Lease Corporation 2014 Equity Incentive Plan (the &#147;<U>2014 Plan</U>&#148;), the 2023 Plan, or any other plan, grant notice, award agreement, or otherwise. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(iii) Following the Retirement Date, any unvested Equity Awards will remain outstanding and continue to be subject to each applicable plan,
award agreement, grant notice, terms and conditions document, and individual agreement as in effect as of the Retirement Date (the &#147;<U>Equity Documents</U>&#148;), provided that the following terms and conditions will also apply to the Equity
Awards: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">A. For the avoidance of doubt, you will not be deemed to incur a &#147;termination of service&#148;, &#147;qualifying
retirement&#148; or &#147;retirement&#148; for purposes of any unvested Equity Award solely due to your retirement from the Company Group on the Retirement Date to the extent that you continue to serve on the Board following the Retirement Date;
provided that, if an Early Full Retirement occurs and no Cause Event has occurred, then your Equity Awards will continue to vest as if you remained in service until the date of the Company&#146;s 2026 Annual Meeting of Stockholders; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">B. To the extent the number of vested RSUs is prorated based on your period of employment or service with the Company, your service as
Executive Chairman and Chairman will be included in determining such prorated amount; provided that, if an Early Full Retirement occurs and no Cause Event has occurred, the proration period shall cease as of the date of the Company&#146;s 2026
Annual Meeting of Stockholders; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">C. To the extent the vesting of any RSU award is based on the Committee&#146;s determination of the
Company&#146;s actual performance against performance targets, the Committee&#146;s determination with respect to your RSUs will be the same as the Committee&#146;s determination for performance results with respect to any RSUs held by other senior
officers of the Company and any vested RSUs shall be settled in February of the calendar year following the end of the applicable performance period (or if later, the Company&#146;s filing of its Annual Report on Form
<FONT STYLE="white-space:nowrap">10-K</FONT> certifying the Company&#146;s financial results for the last year of the applicable performance period); </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">D. Upon your full retirement from the Board (including an Early Full Retirement where no Cause Event has occurred), such retirement will be
treated as (x)&nbsp;an &#147;Approved Retirement&#148; for purposes of the 2024 Bonus RSUs (as defined in Schedule II hereto) (if applicable), (y) a &#147;Retirement&#148; for purposes of the 2025 Bonus RSUs (as defined in Schedule II hereto), and
(z)&nbsp;a &#147;Termination of Service by the Company without Cause&#148; for purposes of all of the other Equity Awards; provided any modification to the terms of such Equity Awards provided in this clause (d)&nbsp;shall be incorporated therein
(such treatment in this clause (d), the &#147;<U>Equity Consideration</U>&#148;); and </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">E. Notwithstanding anything in the Equity Documents to the contrary, any RSUs that become
vested in connection with your full retirement from the Board (including an Early Full Retirement where no Cause Event has occurred) shall be settled on the last day of the Restricted Period (as defined below) (or, with respect to performance-based
RSUs, in February of the calendar year after the end of the applicable performance period (or if later, upon the Company&#146;s filing of its Annual Report on Form <FONT STYLE="white-space:nowrap">10-K</FONT> certifying the Company&#146;s financial
results for the last year of the applicable performance period)). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(iv) Except as specifically set forth in this Section&nbsp;6(d), the
Equity Awards and the Equity Documents will remain unchanged and in full force and effect. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>7. Continuing Obligations, Confidentiality of Agreement and
<FONT STYLE="white-space:nowrap">Non-Disparagement.</FONT> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) You acknowledge that you continue to be bound by your obligations under
any employment or other agreement concerning confidentiality, <FONT STYLE="white-space:nowrap">non-solicitation,</FONT> assignment of rights to intellectual property, or other post-employment obligations by and between you and any member of the
Company Group, including, without limitation, the Severance Agreement, the Letter Agreement, the Irish Employment Agreement, and the Confidentiality and <FONT STYLE="white-space:nowrap">Non-Disclosure</FONT> Agreement between you and the Company
dated as of April&nbsp;23, 2021 (collectively, the &#147;<U>Continuing Obligations</U>&#148;). The Continuing Obligations are incorporated herein by reference. For the avoidance of doubt, nothing in this Agreement or the Releases limits, restricts,
or in any other way affects your communicating with any governmental agency or entity, or communicating with any official or staff person of a governmental agency or entity, concerning matters relevant to such governmental agency or entity (or
requires you to provide notice to the Company Group of the same). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) Subject to the last sentence of Section&nbsp;7(a) above, until such
time when this Agreement has been publicly filed with the Securities and Exchange Commission by the Company, you agree that you will not disclose this Agreement or any of its terms, directly or by implication, except to members of your immediate
family and to your legal and tax advisors, and then only on condition that they agree not to further disclose this Agreement or any of its terms to others until such public filing date. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) Subject to the last sentence of Section&nbsp;7(a) above, you agree that you will never disparage any member of the Company Group, any of
their respective employees, officers or directors or any of the other Releasees (as defined in <U>Exhibit A</U> attached hereto), their business, their management, or their products or services, and you agree you will not otherwise do or say
anything that would reasonably be expected to disrupt the good morale of employees of the Company Group or harm the interests or reputation of the Company Group. The Company agrees to instruct its Chief Executive Officer (the &#147;<U>CEO</U>&#148;)
and the independent members of the Board as of the Retirement Date not to disparage you. Notwithstanding the foregoing, nothing herein shall prevent you or the CEO or directors from testifying truthfully in any legal or administrative proceeding
where such testimony is compelled or requested, or from otherwise complying with </P>
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applicable legal requirements. Except as otherwise required by applicable law, rule, or regulation, including, without limitation, those of the Securities and Exchange Commission and the New York
Stock Exchange, the Company will not publish any press release or public statement related to you or your retirement without your prior written approval of such press release or public statement, which approval shall not be unreasonably withheld or
delayed. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) You agree to cooperate with the Company Group hereafter with respect to all matters arising during or related to your
employment, including, without limitation, cooperating fully with the Company Group in the defense or prosecution of any claims or actions now in existence or which may be brought in the future against or on behalf of the Company Group that relate
to events or occurrences that transpired while you were employed by the Company Group or providing services to the Board. Your full cooperation in connection with such claims or actions will include, without limitation, being available to meet with
counsel and other representatives or designees of the Company Group to prepare for any investigations, discovery, trial, or other matters arising in connection with any insurance claims, governmental investigation, litigation, or regulatory or other
proceeding, and to act as a witness at mutually convenient times; provided that the Company will reimburse you for any reasonable expenses you incur as a result of your cooperation or participation in such matters, provided such expenses are
approved by the Company in advance. You also will cooperate fully with the Company Group in connection with any investigation or review of any federal, state, or local regulatory authority to the extent such investigation or review relates to events
or occurrences that transpired while you were employed by the Company Group or providing services to the Board. Further, you agree to sign and return all documents confirming the Retirement as the Company Group may reasonably require. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) During the <FONT STYLE="white-space:nowrap">Non-Executive</FONT> Period and for a period of six (6)&nbsp;months after the date of the
conclusion of your service as Chairman (including, for the avoidance of doubt, as a result of an Early Full Retirement, as defined below) (the &#147;<U>Restricted Period</U>&#148;), you agree that you will not, directly or indirectly, anywhere in
the world, engage in any business activities of any nature that are competitive with those of any member of the Company Group; provided, however, the independent directors of the Board will consider in good faith any request by you for the
Board&#146;s consent to engage in any outside activity and such consent will not be unreasonably withheld or delayed. In signing this Agreement, you agree that the foregoing is necessary for the reasonable and proper protection of the Company Group.
You further agree that, were you to breach this Section&nbsp;7(e), the damage to the Company Group would be irreparable. You therefore agree that the Company, in addition and not in the alternative to any other remedies available to it, shall be
entitled to preliminary and permanent injunctive relief against any breach or threatened breach by you of any of those covenants from a court of competent jurisdiction, without having to post bond, together with an award of its reasonable
attorney&#146;s fees incurred in enforcing its rights hereunder. So that the Company may enjoy the full benefit of the covenants contained in this Section&nbsp;7(e), you further agree that the restricted period shall be tolled, and shall not run,
during the period of any breach by you of any of the covenants contained in this Section&nbsp;7(e). You and the Company further agree that, in the event that any provision of this Section&nbsp;7(e) is determined by any court of competent
jurisdiction to be unenforceable by reason of its being extended over too great a time, too large a geographic area, or too great a range of activities, that provision shall be deemed to be modified to permit its enforcement to the maximum extent
permitted by law. It is also agreed that each of the Company&#146;s Affiliates shall have the right to enforce all of your obligations to that Affiliate pursuant to this Section&nbsp;7(e). </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>8.</B> <B>Company Documents and Other Property.</B><B> </B>In signing this Agreement, you agree that you
will return to the Company, on or before the Retirement Date, any and all documents, materials, and information (whether in hardcopy, on electronic media, or otherwise) related to the business of the Company Group (whether present or otherwise), and
except for documents, materials, and information that you require in connection with your service as Chairman. Further, you agree that you will not retain any copy or derivation of any documents, materials, or information (whether in hardcopy, on
electronic media, or otherwise) of the Company Group, except as required in connection with your service as Chairman. For the avoidance of doubt, your obligations under this Section&nbsp;8 will not apply to any materials provided to you in
connection with any Board meeting during the <FONT STYLE="white-space:nowrap">Non-Executive</FONT> Period, such as board briefing books, financial information, business and operations discussions, Board agendas, and similar documents provided to the
Board; provided that you will return such materials promptly following the end of the <FONT STYLE="white-space:nowrap">Non-Executive</FONT> Period. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>9.
Conditions. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) As a condition of the opportunity to be nominated and recommended to serve as Chairman of the Board at the
Company&#146;s 2025 Annual Meeting of Stockholders, to the retirement pay and benefits described in Section&nbsp;4 above, to the Bonus Opportunities, and to the opportunity to receive the Board Service Compensation, you acknowledge and agree that
you are required to (i)&nbsp;execute this Agreement within the time period set forth below, (ii)&nbsp;execute the general release of claims attached hereto as <U>Exhibit A</U> within <FONT STYLE="white-space:nowrap">twenty-one</FONT> (21)&nbsp;days
following the date hereof (the &#147;<U>Initial Release</U>&#148;), (iii)&nbsp;execute the general post-employment release of claims attached hereto as <U>Exhibit B</U> by the later of seven (7)&nbsp;days following the Retirement Date and <FONT
STYLE="white-space:nowrap">twenty-one</FONT> (21)&nbsp;days following the date hereof (and in no event before the Retirement Date) (the &#147;<U>Supplemental Release</U>&#148;), and (iv)&nbsp;execute the general post-Board service release of claims
attached hereto as <U>Exhibit C</U> within seven (7)&nbsp;days following the cessation of the <FONT STYLE="white-space:nowrap">Non-Executive</FONT> Period (and in no event before the final day of the
<FONT STYLE="white-space:nowrap">Non-Executive</FONT> Period) (the &#147;<U>Final Release</U>&#148;, together with the Initial Release and the Supplemental Release, the &#147;<U>Releases</U>&#148;), and, in each case of (ii) - (iv), not revoke your
acceptance within the time periods provided in such Release. You further agree that signed and unrevoked Releases are an express condition to your receipt and retention of the Board Service Compensation, the Bonus Opportunities, and the retirement
pay and benefits described in Section&nbsp;4 above. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) By executing this Agreement, you hereby covenant and agree to tender your
resignation as a director of the Company (including, without limitation, in your capacity as Chairman) promptly upon the occurrence of an Early Full Retirement Event during the <FONT STYLE="white-space:nowrap">Non-Executive</FONT> Period. If the
independent members of the Board unanimously determine in good faith that an Early Full Retirement Event has occurred (and such Early Full Retirement Event has not been cured within the applicable time period following delivery of any required
notice thereof or is not capable of being cured), the Board will so inform you in writing and you will promptly, and in any event within two (2)&nbsp;business days after the cure period has expired (if any), fully retire as a director of the Company
by tendering your resignation, with such resignation having immediate effect upon the Board&#146;s determination to accept such resignation (any such resignation, an &#147;<U>Early Full Retirement</U>&#148;). Any such Early Full Retirement shall be
treated as your &#147;Retirement&#148; for purposes of your outstanding equity awards as well as any public disclosures or announcements made by the Company, unless a Cause Event exists. For purposes of this Agreement, an &#147;<U>Early </U>
</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
<U>Full Retirement Event</U>&#148; means (i)&nbsp;you have engaged in conduct that is outside of the scope of your <FONT STYLE="white-space:nowrap">non-executive</FONT> capacity (as determined by
the independent members of the Board in good faith), such as direct involvement in operational or managerial functions of the Company Group without a written request for such conduct from the independent members of the Board; (ii)&nbsp;you have
breached a material term of this Agreement; or (iii)&nbsp;the occurrence of a Cause Event; and, in the case of (i)&nbsp;or (ii), solely to the extent such conduct or breach is capable of cure, you have failed to cure within five (5)&nbsp;days after
receiving written notice from the Board of an Early Full Retirement Event and a description of the underlying circumstances; provided, further, that you will not be provided with more than one (1)&nbsp;opportunity to cure any repeated or
substantially similar conduct. For purposes of this Agreement, a &#147;<U>Cause Event</U>&#148; means (a)&nbsp;you have breached Section&nbsp;7(c) or (e)&nbsp;of this Agreement or violated your Continuing Obligations; (b)&nbsp;you have breached your
fiduciary duty to the Company; (c)&nbsp;you have been indicted for, or pled guilty or nolo contendere to, a felony or a crime of moral turpitude; (d)&nbsp;you have engaged in fraud, misappropriation, material dishonesty, or embezzlement with respect
to any member of the Company Group; or (e)&nbsp;you have engaged in willful misconduct or gross or willful neglect in the performance of your services as Chairman. If an Early Full Retirement occurs and no Cause Event exists, your Equity Awards will
continue vesting and any applicable proration period will continue until the date of the Company&#146;s 2026 Annual Meeting of Stockholders. To the extent any employee, customer, or other party contacts you after the Retirement Date with respect to
operational or managerial matters of the Company Group, you will reasonably promptly <FONT STYLE="white-space:nowrap">re-direct</FONT> their correspondence to the CEO. You agree to provide the Board at least sixty (60)&nbsp;days&#146; written notice
prior to any retirement from the Board during the <FONT STYLE="white-space:nowrap">Non-Executive</FONT> Period (other than a retirement made pursuant to an Early Full Retirement Event), which notice period the Board may waive, in whole or in part,
in its sole discretion. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>10.</B> <B>Section 409A. </B>It is the intent of the parties that payments and benefits under this Agreement comply with or be
exempt from Section&nbsp;409A of the Code, and the regulations and guidance thereunder (collectively, &#147;<U>Section</U><U></U><U>&nbsp;409A</U>&#148;) and the terms of this Agreement will be interpreted and construed in favor of complying with
any applicable requirements of Section&nbsp;409A as necessary in order to avoid the imposition of additional tax and interest under Section&nbsp;409A, provided that nothing herein will be construed as a representation, promise, or guarantee by the
Company Group as to the tax treatment of any payment or benefit that may be paid or provided pursuant to this Agreement, and in no event will the Company Group have any liability relating to a failure of any payment or benefit under this Agreement
to comply with, or be exempt from, the requirements of Section&nbsp;409A. To the extent that any reimbursements under this Agreement are subject to Section&nbsp;409A, any such reimbursements will be paid to you no later than December&nbsp;31 of the
year following the year in which the expense was incurred. To the extent permitted under Section&nbsp;409A, each payment made under this Agreement will be treated as a separate payment and any right to a series of installment payments under this
Agreement will be treated as a right to a series of separate payments. If, at the time of your separation from service, you are a &#147;specified employee&#148; within the meaning of Section&nbsp;409A, any and all amounts payable in connection with
such separation from service that constitute deferred compensation subject to Section&nbsp;409A, as determined by the Company in its sole discretion, and that would (but for this sentence) be payable within six (6)&nbsp;months following such
separation from service, will instead be paid on the date that follows the date of such separation from service by six (6)&nbsp;months (or upon death if earlier). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-9- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>11. Miscellaneous. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) This Agreement constitutes the entire agreement between you and the Company Group and supersedes all prior and contemporaneous
communications, agreements, and understandings, whether written or oral, with respect to your employment, its termination, and all related matters, excluding only the Continuing Obligations, the Mutual Agreement to Arbitrate between you and the
Company, dated April&nbsp;22, 2021 (the &#147;<U>Arbitration Agreement</U>&#148;), and the Equity Documents, all of which will remain in full force and effect in accordance with their terms. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) If any portion or provision of this Agreement is to any extent declared illegal or unenforceable by a court of competent jurisdiction, then
the remainder of this Agreement, or the application of such portion or provision in circumstances other than those as to which it is so declared illegal or unenforceable, will not be affected thereby, and each portion and provision of this Agreement
will be valid and enforceable to the fullest extent permitted by law, provided, however, and for the avoidance of doubt, in no event will the Company Group be required to provide payments or benefits to you pursuant to Section&nbsp;4 above if all or
part of the Releases is held to be invalid or unenforceable. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) This Agreement may not be modified or amended, and no breach will be
deemed to be waived, unless agreed to in writing by you and each of the independent members of the Board or their expressly authorized designee. The captions and headings in this Agreement are for convenience only, and in no way define or describe
the scope or content of any provision of this Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) The obligation of the Company to make payments or provide benefits to you or
on your behalf under this Agreement, and your right to retain the same, is expressly conditioned upon your meeting in full your obligations hereunder, including, without limitation, your obligation to execute and not revoke the Releases and your
Continuing Obligations, your not being terminated for Cause or resigning for any reason prior to the Retirement Date. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) This is a Texas
contract and will be governed and construed in accordance with the laws of the State of Texas, without regard to any conflict of laws principles that would result in the application of the laws of another jurisdiction. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f) The Arbitration Agreement<B> </B>remains in full force and effect and will apply to this Agreement. To the extent, and only to the extent,
permitted by the Arbitration Agreement or expressly contemplated by Section&nbsp;7(e) of this Agreement, you agree that any dispute arising out of, connected with, or relating to this Agreement or your employment or other association with the
Company Group, or the termination of the same, will be brought only in, and you agree to submit to the exclusive jurisdiction of, the courts of and in the State of Texas. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(g) This Agreement may be executed in any number of counterparts, any of which may be executed and transmitted by DocuSign, facsimile,
electronic mail (including &#147;pdf&#148;), or any other means of electronic transmission complying with the U.S. federal ESIGN Act of 2000, and each of which will be deemed to be an original, but all of which together will be deemed to be one and
the same instrument. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If the terms of this Agreement are acceptable to you, please sign, date, and return it to
the Company by March&nbsp;13, 2025. At the time you sign it, this Agreement will take effect as a legally binding agreement between you, the Company, and ALC Ireland on the basis set forth above. The enclosed copy of this Agreement, which you should
also sign and date, is for your records. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="79%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5">Sincerely,</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5">AIR LEASE CORPORATION</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Carol Forsyte</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Carol Forsyte</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Executive Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5">ALC AIRCRAFT LIMITED</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Carol Forsyte</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Carol Forsyte</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Director</TD></TR></TABLE></DIV> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>

<TD WIDTH="20%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="79%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Accepted and agreed:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Signature:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Steven <FONT STYLE="white-space:nowrap">Udvar-H&aacute;zy</FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Steven <FONT STYLE="white-space:nowrap">Udvar-H&aacute;zy</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">March<U></U>&nbsp;13, 2025</TD></TR>
</TABLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit A </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>General Release of Claims </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For valuable consideration, as set forth in the letter agreement among you, Air Lease Corporation (the &#147;<U>Company</U>&#148;) and ALC
Aircraft Limited (&#147;<U>ALC Ireland</U>&#148;) to which this <U>Exhibit A</U> is appended (the &#147;<U>Agreement</U>&#148;), which is conditioned on your signing this General Release of Claims (this &#147;<U>Initial Release</U>&#148;) and on
your compliance with your Continuing Obligations (as defined in the Agreement), and to which you otherwise would not be entitled, and the receipt and adequacy of which you hereby acknowledge, you, on your own behalf and that of your heirs,
executors, administrators, beneficiaries, personal representatives and assigns, hereby release and forever discharge the &#147;<U>Releasees</U>&#148; hereunder, consisting of each member of the Company Group (as defined in the Agreement), and, in
such capacities, each of its respective partners, subsidiaries, associates, shareholders, Affiliates (as defined in the Agreement), successors, heirs, assigns, agents, directors, officers, employees, representatives, lawyers, insurers, and all
persons acting by, through, under or in concert with them, or any of them, of and from any and all manner of action or actions, cause or causes of action, in law or in equity, suits, debts, liens, contracts, agreements, promises, liability, claims,
demands, damages, losses, costs, attorneys&#146; fees or expenses, of any nature whatsoever, known or unknown, fixed or contingent (hereinafter called &#147;<U>Claims</U>&#148;), which you now have or may hereafter have against the Releasees, or any
of them, by reason of any matter, cause, or thing whatsoever from the beginning of time to the date hereof. The Claims released herein include, without limitation, any Claims in any way arising out of, based upon, or related to your employment or
termination of employment by the Releasees, or any of them; any alleged breach of any express or implied contract of employment (including, without limitation, the Severance Agreement, the Letter Agreement and the Irish Employment Agreement (each as
defined in the Agreement)); any alleged torts or other alleged legal restrictions on the Company&#146;s or a Releasee&#146;s right to terminate the your employment; and any alleged violation of any federal, state or local statute or ordinance
including, without limitation, Title VII of the Civil Rights Act of 1964, the Age Discrimination In Employment Act (as amended by the Older Workers Benefit Protection Act), the Americans With Disabilities Act, the Employee Retirement Income Security
Act, the wage and hour, wage payment and/or fair employment practices laws and statutes of the state or states in which you have provided services to the Company Group, and any other federal, state, or local law, regulation or requirement. Nothing
in this Initial Release is intended to limit your participation in any proceeding brought by any federal, state, or other governmental agency to the extent such participation is protected by law. Notwithstanding anything to the contrary in this
Initial Release, this Initial Release shall not operate to release any rights or claims you may have to (i)&nbsp;to payments or benefits under the Agreement, (ii)&nbsp;to accrued or vested contributions under the Company&#146;s 401(k) plan, any
vested Equity Awards, or (iii)&nbsp;any rights you have to indemnification by the Company Group and to directors and officers liability insurance coverage. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In signing this Initial Release, you expressly waive and relinquish all rights and benefits provided by Section&nbsp;1542 of the Civil Code of
the State of California, and do so understanding and acknowledging the significance of such specific waiver of Section&nbsp;1542, which section states as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>A general release does not extend to claims that the creditor or releasing party does not know or suspect to exist in his or her favor at
the time of executing the release and that, if known by him or her, would have materially affected his or her settlement with the debtor or released party. </B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-12- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Thus, notwithstanding the provisions of Section&nbsp;1542, and for the purpose of
implementing a full and complete release and discharge of the Releasees, you expressly acknowledge that the general release and waiver of claims set forth in this Initial Release is intended to include in its effect, without limitation, all Claims
which you do not know or suspect to exist in your favor at the time you sign it, and that this Initial Release contemplates the extinguishment of any and all such Claims. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">You represent and warrant that you have received payment from the Company Group of all compensation due as of the date of termination of your
employment. You further represent and warrant that there has been no assignment or other transfer of any interest in any Claim which you may have against Releasees, or any of them, and you agree to indemnify and hold Releasees, and each of them,
harmless from any liability, Claims, demands, damages, costs, expenses and attorneys&#146; fees incurred by Releasees, or any of them, as the result of any such assignment or transfer or any rights or Claims under any such assignment or transfer. It
is the intention of the parties that this indemnity does not require payment as a condition precedent to recovery by the Releasees against you under this indemnity. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Nothing contained in this Initial Release shall be construed to prohibit you from filing a charge with or participating in any investigation
or proceeding conducted by the Federal Equal Employment Opportunity Commission or a comparable state or local agency, provided, however, you agree that should any person or entity file or cause to be filed any such charge, civil action, suit,
arbitration, or legal proceeding seeking equitable or monetary relief in connection with any aspect of your employment relationship with the Company Group or any other matter relating to the Claims released by this Initial Release, you will not seek
or accept any personal relief from or as the result of such civil action, suit, arbitration, administrative charge, or legal proceeding. Notwithstanding the foregoing, for the avoidance of doubt, you are not waiving any right to seek and receive a
financial incentive award for any information you provide to a governmental agency or entity. Further, nothing in this Initial Release limits, restricts or in any other way affects your communicating with any governmental agency or entity, or
communicating with any official or staff person of a governmental agency or entity, concerning matters relevant to such governmental agency or entity (or requires you to provide notice to the Company Group of the same). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">You further understand and agree that neither the payment of any sum of money nor the execution of this Initial Release shall constitute or be
construed as an admission of any liability whatsoever by the Releasees, or any of them, who have consistently taken the position that they have no liability whatsoever to you. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Initial Release creates legally binding obligations and the Company Group therefore advise you to consult an attorney before signing this
Initial Release. In signing this Initial Release, you give the Company Group assurance that you have signed it voluntarily and with a full understanding of its terms; that you have had sufficient opportunity of not less than <FONT
STYLE="white-space:nowrap">twenty-one</FONT> (21)&nbsp;days, before signing this Initial Release, to consider its terms and to consult with an attorney, if you wished to do so, or to consult with any other of those persons to whom reference is made
in Section&nbsp;7(b) of the Agreement; and that you have not relied on any promises or representations, </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
express or implied, that are not set forth expressly in this Initial Release. You understand that you will have seven (7)&nbsp;days after signing this Initial Release to revoke your signature,
and that, if you intend to revoke your signature, you must do so in writing addressed and delivered to the Company&#146;s Executive Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer prior to the end of the seven <FONT
STYLE="white-space:nowrap">(7)-day</FONT> revocation period. You understand that this Initial Release will become effective upon the eighth (8th) day following the date that you sign it, provided that you do not revoke my acceptance in accordance
with the immediately preceding sentence. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Initial Release constitutes the entire agreement between you and the Company Group and
supersedes all prior and contemporaneous communications, agreements and understandings, whether written or oral, with respect to your employment or other service relationship, its termination and all related matters, excluding only the Agreement,
the Arbitration Agreement (as defined in the Agreement), the Continuing Obligations (as defined in the Agreement), and the Equity Documents, all of which shall remain in full force and effect in accordance with their terms. This Initial Release may
not be modified or amended, and no breach shall be deemed to be waived, unless agreed to in writing by you and each of the independent members of the Board or their expressly authorized designee. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="20%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="79%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Accepted and agreed:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Signature:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Steven <FONT STYLE="white-space:nowrap">Udvar-H&aacute;zy</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><U>&#8195;&#8195;&#8195;&#8195;&#8195;</U></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-14- </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit B </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Post-Employment General Release of Claims </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For valuable consideration, as set forth in the letter agreement among you, Air Lease Corporation (the &#147;<U>Company</U>&#148;) and ALC
Aircraft Limited (&#147;<U>ALC Ireland</U>&#148;) to which this <U>Exhibit B</U> is appended (the &#147;<U>Agreement</U>&#148;), which is conditioned on your signing this Post-Employment General Release of Claims (this &#147;<U>Supplemental
Release</U>&#148;) and on your compliance with your Continuing Obligations (as defined in the Agreement), and to which you otherwise would not be entitled, and the receipt and adequacy of which you hereby acknowledge, you, on your own behalf and
that of your heirs, executors, administrators, beneficiaries, personal representatives and assigns, hereby release and forever discharge the &#147;<U>Releasees</U>&#148; hereunder, consisting of each member of the Company Group (as defined in the
Agreement), and, in such capacities, each of its respective partners, subsidiaries, associates, shareholders, Affiliates (as defined in the Agreement), successors, heirs, assigns, agents, directors, officers, employees, representatives, lawyers,
insurers, and all persons acting by, through, under or in concert with them, or any of them, of and from any and all manner of action or actions, cause or causes of action, in law or in equity, suits, debts, liens, contracts, agreements, promises,
liability, claims, demands, damages, losses, costs, attorneys&#146; fees or expenses, of any nature whatsoever, known or unknown, fixed or contingent (hereinafter called &#147;<U>Claims</U>&#148;), which you now have or may hereafter have against
the Releasees, or any of them, by reason of any matter, cause, or thing whatsoever from the beginning of time to the date hereof. The Claims released herein include, without limitation, any Claims in any way arising out of, based upon, or related to
your employment or termination of employment by the Releasees, or any of them; any alleged breach of any express or implied contract of employment (including, without limitation, the Severance Agreement, the Letter Agreement and the Irish Employment
Agreement (each as defined in the Agreement)); any alleged torts or other alleged legal restrictions on the Company Group&#146;s or a Releasee&#146;s right to terminate the your employment; and any alleged violation of any federal, state or local
statute or ordinance including, without limitation, Title VII of the Civil Rights Act of 1964, the Age Discrimination In Employment Act (as amended by the Older Workers Benefit Protection Act), the Americans With Disabilities Act, the Employee
Retirement Income Security Act, the wage and hour, wage payment and/or fair employment practices laws and statutes of the state or states in which you have provided services to the Company Group, and any other federal, state, or local law,
regulation or requirement. Nothing in this Supplemental Release is intended to limit your participation in any proceeding brought by any federal, state, or other governmental agency to the extent such participation is protected by law.
Notwithstanding anything to the contrary in this Supplemental Release, this Supplemental Release shall not operate to release any rights or claims you may have to (i)&nbsp;to payments or benefits under the Agreement, (ii)&nbsp;to accrued or vested
contributions under the Company&#146;s 401(k) plan, any vested Equity Awards, or (iii)&nbsp;any rights you have to indemnification by the Company Group and to directors and officers liability insurance coverage. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-15- </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In signing this Supplemental Release, you expressly waive and relinquish all rights and
benefits provided by Section&nbsp;1542 of the Civil Code of the State of California, and do so understanding and acknowledging the significance of such specific waiver of Section&nbsp;1542, which section states as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>A general release does not extend to claims that the creditor or releasing party does not know or suspect to exist in his or her favor at
the time of executing the release and that, if known by him or her, would have materially affected his or her settlement with the debtor or released party. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Thus, notwithstanding the provisions of Section&nbsp;1542, and for the purpose of implementing a full and complete release and discharge of the
Releasees, you expressly acknowledge that the general release and waiver of claims set forth in this Supplemental Release is intended to include in its effect, without limitation, all Claims which you do not know or suspect to exist in your favor at
the time you sign it, and that this Supplemental Release contemplates the extinguishment of any and all such Claims. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">You represent and
warrant that you have received payment from the Company Group of all compensation due as of the date of termination of your employment. You further represent and warrant that there has been no assignment or other transfer of any interest in any
Claim which you may have against Releasees, or any of them, and you agree to indemnify and hold Releasees, and each of them, harmless from any liability, Claims, demands, damages, costs, expenses and attorneys&#146; fees incurred by Releasees, or
any of them, as the result of any such assignment or transfer or any rights or Claims under any such assignment or transfer. It is the intention of the parties that this indemnity does not require payment as a condition precedent to recovery by the
Releasees against you under this indemnity. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Nothing contained in this Supplemental Release shall be construed to prohibit you from filing
a charge with or participating in any investigation or proceeding conducted by the Federal Equal Employment Opportunity Commission or a comparable state or local agency, provided, however, you agree that should any person or entity file or cause to
be filed any such charge, civil action, suit, arbitration, or legal proceeding seeking equitable or monetary relief in connection with any aspect of your employment relationship with the Company Group or any other matter relating to the Claims
released by this Supplemental Release, you will not seek or accept any personal relief from or as the result of such civil action, suit, arbitration, administrative charge, or legal proceeding. Notwithstanding the foregoing, for the avoidance of
doubt, you are not waiving any right to seek and receive a financial incentive award for any information you provide to a governmental agency or entity. Further, nothing in this Supplemental Release limits, restricts or in any other way affects your
communicating with any governmental agency or entity, or communicating with any official or staff person of a governmental agency or entity, concerning matters relevant to such governmental agency or entity (or requires you to provide notice to the
Company Group of the same). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">You further understand and agree that neither the payment of any sum of money nor the execution of this
Supplemental Release shall constitute or be construed as an admission of any liability whatsoever by the Releasees, or any of them, who have consistently taken the position that they have no liability whatsoever to you. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">You represent and warrant that, in accordance with Section&nbsp;8 of the Agreement, you have returned to the Company Group any and all
documents, materials, information and other property of the Company Group that you had in your possession, custody or control on the date your employment with the Company terminated, except for documents, materials and information that
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-16- </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
you require in connection with your service as Chairman and that you have retained no such property except for documents, materials and information that you require in connection with your
service as Chairman. Without limiting the foregoing, you also represent and warrant that you have retained no copy of any such documents, materials, information, or property except for documents, materials, and information that you require in
connection with your service as Chairman. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Supplemental Release creates legally binding obligations and the Company Group therefore
advise you to consult an attorney before signing this Supplemental Release. In signing this Supplemental Release, you give the Company Group assurance that you have signed it voluntarily and with a full understanding of its terms; that you have had
sufficient opportunity of not less than <FONT STYLE="white-space:nowrap">twenty-one</FONT> (21)&nbsp;days, before signing this Supplemental Release, to consider its terms and to consult with an attorney, if you wished to do so, or to consult with
any other of those persons to whom reference is made in Section&nbsp;7(b) of the Agreement; and that you have not relied on any promises or representations, express or implied, that are not set forth expressly in this Supplemental Release. You
understand that you will have seven (7)&nbsp;days after signing this Supplemental Release to revoke your signature, and that, if you intend to revoke your signature, you must do so in writing addressed and delivered to the Company&#146;s Executive
Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer prior to the end of the seven <FONT STYLE="white-space:nowrap">(7)-day</FONT> revocation period. You understand that this Supplemental Release will become effective
upon the eighth (8th) day following the date that you sign it, provided that you do not revoke my acceptance in accordance with the immediately preceding sentence. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Supplemental Release constitutes the entire agreement between you and the Company Group and supersedes all prior and contemporaneous
communications, agreements and understandings, whether written or oral, with respect to your employment or other service relationship, its termination and all related matters, excluding only the Agreement, the Arbitration Agreement (as defined in
the Agreement), the Continuing Obligations (as defined in the Agreement), the Equity Documents, and the Initial Release attached as <U>Exhibit A</U> to the Agreement, all of which shall remain in full force and effect in accordance with their terms.
This Supplemental Release may not be modified or amended, and no breach shall be deemed to be waived, unless agreed to in writing by you and each of the independent members of the Board or their expressly authorized designee. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="20%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="79%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Accepted and agreed:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Signature:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Steven <FONT STYLE="white-space:nowrap">Udvar-H&aacute;zy</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><U>&#8195;&#8195;&#8195;&#8195;&#8195;</U></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-17- </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit C </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Post-Board Service General Release of Claims </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For valuable consideration, as set forth in the letter agreement among you, Air Lease Corporation (the &#147;<U>Company</U>&#148;) and ALC
Aircraft Limited (&#147;<U>ALC Ireland</U>&#148;) to which this <U>Exhibit C</U> is appended (the &#147;<U>Agreement</U>&#148;), which is conditioned on your signing this Post-Board Service General Release of Claims (this &#147;<U>Final
Release</U>&#148;) and on your compliance with your Continuing Obligations (as defined in the Agreement), and to which you otherwise would not be entitled, and the receipt and adequacy of which you hereby acknowledge, you, on your own behalf and
that of your heirs, executors, administrators, beneficiaries, personal representatives and assigns, hereby release and forever discharge the &#147;<U>Releasees</U>&#148; hereunder, consisting of each member of the Company Group (as defined in the
Agreement), and, in such capacities, each of its respective partners, subsidiaries, associates, shareholders, Affiliates (as defined in the Agreement), successors, heirs, assigns, agents, directors, officers, employees, representatives, lawyers,
insurers, and all persons acting by, through, under or in concert with them, or any of them, of and from any and all manner of action or actions, cause or causes of action, in law or in equity, suits, debts, liens, contracts, agreements, promises,
liability, claims, demands, damages, losses, costs, attorneys&#146; fees or expenses, of any nature whatsoever, known or unknown, fixed or contingent (hereinafter called &#147;<U>Claims</U>&#148;), which you now have or may hereafter have against
the Releasees, or any of them, by reason of any matter, cause, or thing whatsoever from the beginning of time to the date hereof. The Claims released herein include, without limitation, any Claims in any way arising out of, based upon, or related to
your employment or other service relationship or termination of the same by the Releasees, or any of them; any alleged breach of any express or implied contract of employment (including, without limitation, the Severance Agreement, the Letter
Agreement and the Irish Employment Agreement (each as defined in the Agreement)); any alleged torts or other alleged legal restrictions on the Company&#146;s or a Releasee&#146;s right to terminate the your employment or service relationship; and
any alleged violation of any federal, state or local statute or ordinance including, without limitation, Title VII of the Civil Rights Act of 1964, the Age Discrimination In Employment Act (as amended by the Older Workers Benefit Protection Act),
the Americans With Disabilities Act, the Employee Retirement Income Security Act, the wage and hour, wage payment and/or fair employment practices laws and statutes of the state or states in which you have provided services to the Company Group, and
any other federal, state, or local law, regulation or requirement. Nothing in this Final Release is intended to limit your participation in any proceeding brought by any federal, state, or other governmental agency to the extent such participation
is protected by law. Notwithstanding anything to the contrary in this Final Release, this Final Release shall not operate to release any rights or claims you may have to (i)&nbsp;to payments or benefits under the Agreement, (ii)&nbsp;to accrued or
vested contributions under the Company&#146;s 401(k) plan, any vested Equity Awards, or (iii)&nbsp;any rights you have to indemnification by the Company and to directors and officers liability insurance coverage. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-18- </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In signing this Final Release, you expressly waive and relinquish all rights and benefits
provided by Section&nbsp;1542 of the Civil Code of the State of California, and do so understanding and acknowledging the significance of such specific waiver of Section&nbsp;1542, which section states as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>A general release does not extend to claims that the creditor or releasing party does not know or suspect to exist in his or her favor at
the time of executing the release and that, if known by him or her, would have materially affected his or her settlement with the debtor or released party. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Thus, notwithstanding the provisions of Section&nbsp;1542, and for the purpose of implementing a full and complete release and discharge of the
Releasees, you expressly acknowledge that the general release and waiver of claims set forth in this Final Release is intended to include in its effect, without limitation, all Claims which you do not know or suspect to exist in your favor at the
time you sign it, and that this Final Release contemplates the extinguishment of any and all such Claims. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">You represent and warrant that
you have received payment from the Company Group of all compensation due as of the date of termination of your service relationship. You further represent and warrant that there has been no assignment or other transfer of any interest in any Claim
which you may have against Releasees, or any of them, and you agree to indemnify and hold Releasees, and each of them, harmless from any liability, Claims, demands, damages, costs, expenses and attorneys&#146; fees incurred by Releasees, or any of
them, as the result of any such assignment or transfer or any rights or Claims under any such assignment or transfer. It is the intention of the parties that this indemnity does not require payment as a condition precedent to recovery by the
Releasees against you under this indemnity. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Nothing contained in this Final Release shall be construed to prohibit you from filing a
charge with or participating in any investigation or proceeding conducted by the Federal Equal Employment Opportunity Commission or a comparable state or local agency, provided, however, you agree that should any person or entity file or cause to be
filed any such charge, civil action, suit, arbitration, or legal proceeding seeking equitable or monetary relief in connection with any aspect of your employment relationship with the Company Group or any other matter relating to the Claims released
by this Final Release, you will not seek or accept any personal relief from or as the result of such civil action, suit, arbitration, administrative charge, or legal proceeding. Notwithstanding the foregoing, for the avoidance of doubt, you are not
waiving any right to seek and receive a financial incentive award for any information you provide to a governmental agency or entity. Further, nothing in this Final Release limits, restricts or in any other way affects your communicating with any
governmental agency or entity, or communicating with any official or staff person of a governmental agency or entity, concerning matters relevant to such governmental agency or entity (or requires you to provide notice to the Company Group of the
same). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">You further understand and agree that neither the payment of any sum of money nor the execution of this Final Release shall
constitute or be construed as an admission of any liability whatsoever by the Releasees, or any of them, who have consistently taken the position that they have no liability whatsoever to you. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">You represent and warrant that, you have returned to the Company Group any and all documents, materials, information and other property of the
Company Group that you had in your possession, custody or control on the date your employment with the Company terminated, and that you have retained no such property. Without limiting the foregoing, you also represent and warrant that you have
retained no copy of any such documents, materials, information, or property. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-19- </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Final Release creates legally binding obligations and the Company Group therefore
advise you to consult an attorney before signing this Final Release. In signing this Final Release, you give the Company Group assurance that you have signed it voluntarily and with a full understanding of its terms; that you have had sufficient
opportunity of not less than <FONT STYLE="white-space:nowrap">twenty-one</FONT> (21)&nbsp;days, before signing this Final Release, to consider its terms and to consult with an attorney, if you wished to do so, or to consult with any other of those
persons to whom reference is made in Section&nbsp;7(b) of the Agreement; and that you have not relied on any promises or representations, express or implied, that are not set forth expressly in this Final Release. You understand that you will have
seven (7)&nbsp;days after signing this Final Release to revoke your signature, and that, if you intend to revoke your signature, you must do so in writing addressed and delivered to the Company&#146;s Executive Vice President, General Counsel,
Corporate Secretary and Chief Compliance Officer prior to the end of the seven <FONT STYLE="white-space:nowrap">(7)-day</FONT> revocation period. You understand that this Final Release will become effective upon the eighth (8th) day following the
date that you sign it, provided that you do not revoke my acceptance in accordance with the immediately preceding sentence. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Final
Release constitutes the entire agreement between you and the Company Group and supersedes all prior and contemporaneous communications, agreements and understandings, whether written or oral, with respect to your employment or other service
relationship, its termination and all related matters, excluding only the Agreement, the Arbitration Agreement (as defined in the Agreement), the Continuing Obligations (as defined in the Agreement), the Equity Documents, the Initial Release
attached as <U>Exhibit A</U> to the Agreement, and the Supplemental Release attached as <U>Exhibit&nbsp;B</U> to the Agreement, all of which shall remain in full force and effect in accordance with their terms. This Final Release may not be modified
or amended, and no breach shall be deemed to be waived, unless agreed to in writing by you and each of the independent members of the Board or their expressly authorized designee. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="20%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="79%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Accepted and agreed:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
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<TD VALIGN="top">Signature:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Steven <FONT STYLE="white-space:nowrap">Udvar-H&aacute;zy</FONT></TD></TR>
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<TD VALIGN="top">Date:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><U>&#8195;&#8195;&#8195;&#8195;&#8195;</U></TD></TR>
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 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-20- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Schedule I </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Severance Agreement </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>[See Attached] </B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-21- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>SEVERANCE AGREEMENT </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">SEVERANCE AGREEMENT dated as of July&nbsp;1, 2016 (the &#147;<U>Effective Date</U>&#148;) (the &#147;<U>Severance Agreement</U>&#148;), by and
between Air Lease Corporation, a Delaware corporation with its principal place of business at 2000 Avenue of the Stars, Suite 1000N, Los Angeles, California 90067 (the &#147;<U>Company</U>&#148;), and Steven F.
<FONT STYLE="white-space:nowrap">Udvar-H&aacute;zy</FONT> (the &#147;<U>Executive</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS the Company and the Executive were
party to an Employment Agreement which expired by its terms on June&nbsp;30, 2016; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS the Company and the Executive wish to extend
the severance protections set forth in the Employment Agreement, on the terms and subject to the conditions set forth herein; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW,
THEREFORE, in consideration of the mutual agreements set forth herein, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties do hereby agree as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <U>Term</U>. Subject to the provisions of Sections 3 and 4 of this Severance Agreement, the term of this Severance Agreement shall commence
as of the Effective Date and end on the third anniversary of the Effective Date (the &#147;<U>Term</U>&#148;); <U>provided</U>, <U>however</U>, the Term shall be automatically extended for an additional
<FONT STYLE="white-space:nowrap">one-year</FONT> period commencing with the third anniversary of the Effective Date and, thereafter, on each such successive anniversary of the Effective Date thereafter (each an &#147;<U>Extension Date</U>&#148;),
unless the Company or Executive provides the other party hereto at least 90 days prior written notice before the next Extension Date that the Term shall not be so extended. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. <U><FONT STYLE="white-space:nowrap">At-Will</FONT> Employment</U>. The Company and the Executive acknowledge that the Executive&#146;s
employment will be <FONT STYLE="white-space:nowrap">at-will.</FONT> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3. <U>Termination upon Death or Disability</U>. If the Executive dies
during the Term, the Term shall terminate as of the date of death, and the obligations of the Company to or with respect to the Executive shall terminate in their entirety upon such date except as otherwise provided under this
<U>Section</U><U></U><U>&nbsp;3</U>. If the Executive by virtue of ill health or other disability has been unable to perform substantially and continuously the duties assigned to him for more than one hundred eighty (180)&nbsp;consecutive or <FONT
STYLE="white-space:nowrap">non-consecutive</FONT> days out of any consecutive twelve (12)-month period, the Company shall have the right, to the extent permitted by law, to terminate the employment of the Executive upon notice in writing to the
Executive given while he is absent as a result of the disability. Upon termination of employment due to death or disability, the Executive (or the Executive&#146;s estate or beneficiaries in the case of the death of the Executive) shall be entitled
to receive: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) any annual salary and other benefits earned and accrued prior to the date of termination (and reimbursement for expenses
incurred in accordance with Company policy prior to the date of termination), to be paid by the thirtieth (30th) day following the date of such termination, as well as an annual bonus earned with respect to a calendar year completed during the Term
but not yet paid, to be paid by March&nbsp;15 of the calendar year following the calendar year to which such bonus relates; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) a prorated
annual bonus with respect to the calendar year in which such termination occurs, based on actual performance, payable in a lump sum by March&nbsp;15 of the calendar year following the calendar year to which such bonus relates; and </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) with respect to performance-based equity awards granted during the Term, continued
vesting as to the number of shares of Company common stock that would have otherwise vested had the Participant remained employed through the applicable performance period(s) based on actual Company performance, payable at such time or times as the
Executive would have been entitled to payment had the Executive remained employed with the Company. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4. <U>Certain Terminations of
Employment</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">4.1 <U>Termination by the Company for Cause; Termination by the Executive without Good Reason</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) For purposes of this Severance Agreement, &#147;Cause&#148; shall mean the Executive&#146;s: (i)&nbsp;conviction of, or plea of guilty or
nolo contendere to, a felony or a crime of moral turpitude; (ii)&nbsp;willful fraud, misappropriation, dishonesty or embezzlement, having a material adverse financial, economic or reputational effect on the Company; (iii)&nbsp;willful misconduct or
gross or willful neglect in the performance of duties or (iv)&nbsp;breach in any material respect of the terms and provisions of this Severance Agreement; provided, that, in the event of a termination of the Executive&#146;s employment pursuant to
clause (iii)&nbsp;or (iv), the Company shall provide the Executive with a Notice of Termination at any time not more than thirty (30)&nbsp;days following the occurrence of any of the events described in such clause (or, if later, the Company&#146;s
knowledge thereof), and the Executive shall have thirty (30)&nbsp;days following the provision of such Notice of Termination to cure the basis for termination specified in such notice; provided further, that a termination for Cause shall not be
effective unless approved by a vote of the majority of the entire Board of Directors (or such other vote require pursuant to the <FONT STYLE="white-space:nowrap">by-laws</FONT> of the Company) at a meeting duly called and held at which the Executive
shall have the right to be present and be heard. A &#147;Notice of Termination&#148; means a written notice which (I)&nbsp;indicates the specific termination provision in this Severance Agreement relied upon, (II)&nbsp;to the extent applicable, sets
forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive&#146;s employment under the provision so indicated and (III)&nbsp;specifies the date on which the Executive&#146;s employment shall
terminate (which date shall be not less than thirty (30)&nbsp;days or more than sixty (60)&nbsp;days after the giving of such notice). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b)
The Company may terminate the Executive&#146;s employment for Cause pursuant to <U>Section</U><U></U><U>&nbsp;4.1(a)</U>, and the Executive may terminate his employment on no less than thirty (30)&nbsp;days&#146; and no more than sixty
(60)&nbsp;days&#146; written notice given to the Company. If the Company terminates the Executive for Cause, or the Executive terminates his employment and the termination by the Executive is not covered by <U>Section</U><U></U><U>&nbsp;4.2(a)</U>,
(i) the Executive shall receive his annual salary and other benefits earned and accrued prior to the termination of employment (and reimbursement for expenses incurred in accordance with Company policy prior to the date of termination), to be paid
by the thirtieth (30th) day following the date of termination, and (ii)&nbsp;any annual bonus earned with respect to a calendar year completed during the Term but not yet paid, to be paid by March&nbsp;15 of the calendar year following the calendar
year to which such bonus relates. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">4.2 <U>Termination by the Company without Cause; Termination by the Executive for Good Reason</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) For purposes of this Severance Agreement, &#147;<U>Good Reason</U>&#148; shall mean, unless otherwise consented to by the Executive, </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">(i) the material reduction of the Executive&#146;s authority, duties and responsibilities, the assignment to the Executive of duties
materially inconsistent with the Executive&#146;s position or positions with the Company; or the failure of the Executive to report directly to the Board of Directors of the Company; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">(ii) a reduction in the Executive&#146;s then current annual salary (currently $1,800,000 per annum); or </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">(iii) the relocation of the Executive&#146;s office to more than thirty-five
(35)&nbsp;miles from the Executive&#146;s then current office location. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Notwithstanding the foregoing, (i)&nbsp;Good Reason (A)&nbsp;shall not be deemed
to exist unless the Executive provides to the Company a Notice of Termination on account thereof (specifying a termination date not less than thirty (30)&nbsp;days and not more than sixty (60)&nbsp;days after the giving of such notice) no later than
thirty (30)&nbsp;days after the time at which the event or condition purportedly giving rise to Good Reason first occurs or arises, and (B)&nbsp;shall not be deemed to exist at any time at which there exists an event or condition which could serve
as the basis of a termination of the Executive&#146;s employment for Cause; and (ii)&nbsp;if there exists (without regard to this <U>clause (ii)</U>) an event or condition that constitutes Good Reason, the Company shall have thirty (30)&nbsp;days
from the date such Notice of Termination is given to cure such event or condition and, if the Company does so, such event or condition shall not constitute Good Reason hereunder. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) The Company may terminate the Executive&#146;s employment at any time with or without Cause, and the Executive may terminate the
Executive&#146;s employment with the Company for Good Reason pursuant to <U>Section</U><U></U><U>&nbsp;4.2(a)</U>. If the Company terminates the Executive&#146;s employment and the termination is not covered by <U>Section</U><U></U><U>&nbsp;3</U> or
<U>4.1</U>, or the Executive terminates his employment for Good Reason, in each case during the Term, </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">(i) the Executive shall receive his
annual salary and other benefits earned and accrued prior to the date of termination (and reimbursement for expenses incurred in accordance with Company policy prior to the date of termination), to be paid by the thirtieth (30th) day following the
date of such termination, as well as any annual bonus earned with respect to a calendar year completed during the Term but not yet paid, to be paid by March&nbsp;15 of the calendar year following the calendar year to which such bonus relates; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">(ii)&nbsp;(A) the Executive shall receive a prorated annual bonus with respect to the calendar year in which such termination occurs, based on
actual performance and payable in a lump sum by March&nbsp;15 of the calendar year following the calendar year to which such bonus relates; or (B)&nbsp;if such termination occurs within twenty-four (24)&nbsp;months following a Change in Control (as
defined in the Air Lease Corporation 2014 Equity Incentive Plan, as amended from time to time, or any successor plan), in lieu of the benefit set forth in clause (A)&nbsp;of this <U>Section</U><U></U><U>&nbsp;4.2(b)(ii)</U>, the Executive shall
receive a prorated portion of the target annual bonus with respect to the calendar year in which such termination occurs, payable in a lump sum on the thirtieth (30th) day following the date of termination; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">(iii)&nbsp;(A) subject to compliance with the Executive&#146;s covenants set forth in <U>Section</U><U></U><U>&nbsp;5</U> below, (w)&nbsp;the
Executive shall receive an amount equal to two (2)&nbsp;times the sum of (a)&nbsp;the annual salary in effect as of the date of termination and (b)&nbsp;the average of the annual bonus payments received during the
<FONT STYLE="white-space:nowrap">thirty-six</FONT> (36)&nbsp;month period immediately prior to date of termination, such amount payable in substantially equal installments in accordance with the customary payroll practices of the Company applicable
to senior executives during the period commencing on the date of termination and ending on the second anniversary of the date of termination (the &#147;<U>Continuation Period</U>&#148;); <U>provided</U>, <U>however</U>, that the payments under
clause (w)&nbsp;of this <U>Section</U><U></U><U>&nbsp;4.2(b)(iii)(A)</U> shall be made beginning on the first regular payroll date of the Company following the date on which the Release (as defined below) becomes effective; provided that if the
termination occurs within sixty (60) </P>
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days prior to the end of a calendar year, then any payments under this clause (w), that, but for this proviso, would have been made in the calendar year in which the termination occurred will be
delayed and paid to the Executive in a lump sum on the Company&#146;s first regular payroll date in the following calendar year without interest thereon, with each subsequent payment to be made as if no such delay had occurred, (x)&nbsp;subject to
the Executive&#146;s valid election to continue healthcare coverage under applicable law, the Executive shall receive through the end of the Continuation Period, continuing coverage under the group health plans in which the Executive was
participating at the time of termination of employment; <U>provided</U>, <U>however</U>, that (a)&nbsp;if any plan pursuant to which such benefits are provided is not, or ceases prior to the expiration of the period of continuation coverage to be,
exempt from the application of Section&nbsp;409A of the Internal Revenue Code under Treasury Regulation <FONT STYLE="white-space:nowrap">Section&nbsp;1.409A-1(a)(5),</FONT> or (b)&nbsp;the Company is otherwise unable to continue to cover the
Executive under its group health plans (including without limitation, Section&nbsp;2716 of the Public Health Service Act), then, in either case, an amount equal to each remaining Company subsidy shall thereafter be paid to the Executive as currently
taxable compensation in substantially equal monthly installments over the continuation coverage period (or the remaining portion thereof), and (y)&nbsp;the Company shall continue to pay the premiums for the Executive&#146;s group term life insurance
through the end of the Continuation Period; or </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">(B) if such termination occurs within twenty-four (24)&nbsp;months following a Change in
Control, in lieu of the benefit set forth in clause (A)&nbsp;of this <U>Section</U><U></U><U>&nbsp;4.2(b)(iii)</U>, (w) the Executive shall receive an amount equal to three (3)&nbsp;times the sum of (a)&nbsp;the annual salary in effect as of the
date of termination and (b)&nbsp;the target annual bonus with respect to the calendar year in which such termination occurs, (x)&nbsp;the Executive shall receive a cash payment representing the COBRA costs of providing benefits under the group
health plans in which the Executive was participating at the time of termination of employment for two (2)&nbsp;years, and (y)&nbsp;the Executive shall be entitled to a lump sum payment of the premiums for the Executive&#146;s group term life
insurance for a period of two (2)&nbsp;years, and provided that the Change in Control also constitutes a change in control event pursuant to Treasury Regulations <FONT STYLE="white-space:nowrap">Section&nbsp;1.409A-3(i)(5)(v),</FONT> the amounts set
forth in clauses (w)&nbsp;through (y) of this <U>Section</U><U></U><U>&nbsp;4.2(b)(iii)(B)</U> shall be paid in a lump sum on the thirtieth (30th) day following the date of termination, or if the Change in Control does not constitute a change in
control event pursuant to Treasury Regulations <FONT STYLE="white-space:nowrap">Section&nbsp;1.409A-3(i)(5)(v),</FONT> each of such amounts set forth in clauses (w)&nbsp;through (y) of this <U>Section</U><U></U><U>&nbsp;4.2(b)(iii)(B)</U> shall be
payable in substantially equal installments in accordance with the customary payroll practices of the Company applicable to senior executives during the period commencing on the date of termination and ending on the second anniversary of the date of
termination; <U>provided</U>, <U>further</U>, that these installment payments shall be made beginning on the first regular payroll date of the Company following the date on which the Release becomes effective; provided that if the termination occurs
within sixty (60)&nbsp;days prior to the end of a calendar year, then any payments set forth clauses (w)&nbsp;through (y), that, but for this proviso, would have been made in the calendar year in which the termination occurred will be delayed and
paid to the Executive in a lump sum on the Company&#146;s first regular payroll date in the following calendar year without interest thereon, with each subsequent payment to be made as if no such delay had occurred; and </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">(iv) subject to compliance with the Executive&#146;s covenants set forth in
<U>Section</U><U></U><U>&nbsp;5</U> below, with respect to performance-based equity awards granted during the Term, (A)&nbsp;the Executive shall be entitled to pro rata vesting as to the number of shares of Company common stock that would have
otherwise vested had the Executive remained employed through the end of the then current performance period based on actual Company performance, payable at such time as the Executive would have been entitled to payment had the Executive remained
employed with the Company through the end of the applicable performance period; or (B)&nbsp;if such termination occurs within twenty-four (24)&nbsp;months following a Change in Control (as defined in the Air Lease Corporation 2014 Equity Incentive
Plan, as amended from time to time, or any successor plan), in lieu of the benefit set forth in clause (A)&nbsp;of this <U>Section</U><U></U><U>&nbsp;4.2(b)(iv)</U>, the Executive shall be entitled to full vesting at target level of performance for
any open performance periods, payable in a lump sum on the thirtieth (30th) day following the date of termination. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">Notwithstanding the
foregoing, it shall be a condition to the Executive&#146;s right to receive the amounts provided for in <U>Section</U><U></U><U>&nbsp;4.2(b)(ii),</U> <U>4.2(b)(iii)</U> and <U>4.2(b)(iv)</U> that the Executive execute and deliver to the Company a
release of claims in substantially the form attached hereto as <U>Exhibit A</U> (the &#147;<U>Release</U>) within <FONT STYLE="white-space:nowrap">twenty-one</FONT> (21)&nbsp;days (or, if applicable, forty-five (45)&nbsp;days) following the date of
termination of the Executive&#146;s employment and that the Executive not revoke such release within seven (7)&nbsp;days following such execution and delivery. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) Notwithstanding <U>clause (iii)(A) or (iii)(B)</U> of <U>Section</U><U></U><U>&nbsp;4.2(b)</U>, (i) nothing herein shall restrict the
ability of the Company to amend or terminate its group health plans or programs or group life insurance plans or programs from time to time in its sole discretion, and (ii)&nbsp;the Company shall in no event be required to provide any group health
plan benefits or group life insurance plan benefits otherwise required by such <U>clause (iii)(A) </U>after such time as the Executive becomes entitled to receive benefits of the same type from another employer or recipient of the Executive&#146;s
services (such entitlement being determined without regard to any individual waivers or other similar arrangements). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5. <U>Covenants of
the Executive</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">5.1 <U>Covenant Against Competition; Other Covenants</U>. The Executive acknowledges that (i)&nbsp;the principal
business of the Company (which expressly includes for purposes of this <U>Section</U><U></U><U>&nbsp;5</U> (and any related enforcement provisions hereof), its successors and assigns) is aircraft and aviation equipment leasing (such business, and
any and all other businesses that after the Effective Date, and from time to time during the Term, become material with respect to the Company&#146;s then-overall business, herein being collectively referred to as the &#147;<U>Business</U>&#148;);
(ii) the Company is one of the limited number of persons and entities who have developed such a business (the business of such a person or entity in competition with the Company, a &#147;<U>Competing Business</U>&#148;); (iii) the Company&#146;s
Business is, in part, national in scope; (iv)&nbsp;the Executive&#146;s work for the Company has given and will continue to give him access to the confidential affairs and proprietary information of the Company; (v)&nbsp;the covenants and agreements
of the Executive contained in this <U>Section</U><U></U><U>&nbsp;5</U> are essential to the business and goodwill of the Company; and (vi)&nbsp;the Company would not have entered into this Severance Agreement but for the covenants and agreements set
forth in this Section&nbsp;5. Accordingly, the Executive covenants and agrees that: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) By and in consideration of the severance
arrangements set forth herein, and further in consideration of the Executive&#146;s exposure to the proprietary information of the Company, the Executive covenants and agrees that, during the period the Executive is employed by the Company, he shall
not in the United States, directly or indirectly, (i)&nbsp;engage in any element of a Competing Business or otherwise compete with the Company or its affiliates, (ii)&nbsp;render any services to any person, corporation, partnership or other entity
(other than the Company or its affiliates) engaged in any element of a Competing </P>
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Business, or (iii)&nbsp;become interested in any such person, corporation, partnership or other entity (other than the Company or its affiliates) as a partner, shareholder, principal, agent,
employee, consultant or in any other relationship or capacity; <U>provided</U>, <U>however</U>, <U>that</U>, notwithstanding the foregoing, the Executive may invest in securities of any entity, solely for investment purposes and without otherwise
participating in the business thereof, if (A)&nbsp;such securities are traded on any national securities exchange or the National Association of Securities Dealers, Inc. Automated Quotation System, (B)&nbsp;the Executive is not a controlling person
of, or a member of a group which controls, such entity and (C)&nbsp;the Executive does not, directly or indirectly, own five percent (5%) or more of any class of securities of such entity. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) During the Executive&#146;s employment with the Company and thereafter, the Executive shall keep secret and retain in strictest
confidence, and shall not use for his benefit or the benefit of others, except in connection with the business and affairs of the Company and its affiliates, all confidential matters relating to the Company&#146;s Business and the business of any of
its affiliates and to the Company and any of its affiliates, learned by the Executive heretofore or hereafter directly or indirectly from the Company or any of its affiliates, including, without limitation, information with respect to (i)&nbsp;rates
and expiration dates under aircraft- and aviation equipment-related leases to which the Company is a party; (ii)&nbsp;the number and identities of airlines leasing aircraft or aviation equipment from the Company, or otherwise making use of other
services provided by the Company; (iii)&nbsp;the number, type, remaining useful life, and value of aircraft owned by the Company and/or its direct or indirect subsidiaries; (iv)&nbsp;profit or loss figures; and (v)&nbsp;customers, clients,
suppliers, sources of supply and lists of customers and potential customers (collectively, the &#147;<U>Confidential Company Information</U>&#148;); and shall not disclose such Confidential Company Information to anyone outside of the Company except
with the Company&#146;s express written consent or in the exercise of the Executive&#146;s good faith judgement and except for Confidential Company Information which is at the time of receipt or thereafter becomes publicly known through no wrongful
act of the Executive or is received from a third party not under an obligation to keep such information confidential and without breach of this Severance Agreement and except to the extent necessary to comply with law or the valid order of a court
or governmental agency of competent jurisdiction, in which event the Executive shall notify the Company as promptly as practicable (and prior to making such disclosure, if possible) so that the Company can seek a protective order. The Executive
acknowledges that he has been informed that he has rights under 18 U.S.C. Section&nbsp;1833(b) which states in part: &#147;An individual shall not be held criminally or civilly liable under any Federal or State trade secret law for the disclosure of
a trade secret that &#150; (A) is made (i)&nbsp;in confidence to a Federal, State, or local government official, either directly or indirectly, or to an attorney; and (ii)&nbsp;solely for the purpose of reporting or investigating a suspected
violation of law; or (B)&nbsp;is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.&#148; Nothing in this Agreement is intended by the Company to conflict with or create liability for
actions taken that are permitted under 18 U.S.C. Section&nbsp;1833(b). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(c) During the period the Executive is employed by the Company and
ending one (1)&nbsp;year following the date upon which the Executive shall cease to be an employee of the Company and its affiliates (the &#147;<U>Restricted Period</U>&#148;), the Executive shall not, without the Company&#146;s prior written
consent, directly or indirectly, solicit or encourage to leave the employment or other service of the Company, or any of its affiliates, any employee or independent contractor thereof. The immediately preceding sentence does not apply in respect of
general solicitations of employment, such as published advertisements not specifically directed toward employees of the Company. During the Restricted Period, the Executive will not whether for his own account or for the account of any other person,
firm, corporation or other business organization, intentionally interfere with the Company&#146;s or any of its affiliates&#146; contracts and/or relationship with any person who during the period the Executive was employed by the Company is or was
a customer or client of the Company or any of its affiliates, unless permitted by applicable law. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(d) All memoranda, notes, lists, records, property and any other tangible product and
documents (and all copies thereof), whether visually perceptible, machine-readable or otherwise, made, produced or compiled by the Executive or made available to the Executive concerning the business of the Company or its affiliates, (i)&nbsp;shall
at all times be the property of the Company (and, as applicable, any affiliates) and shall be delivered to the Company at any time upon its request, and (ii)&nbsp;upon the Executive&#146;s termination of employment, shall be immediately returned to
the Company. Notwithstanding the foregoing, the Executive may retain copies of contact information contained in his address books. The Company agrees that, if requested by Executive upon his termination of employment, the Company will cause the
phone number attached to or related to the Executive&#146;s cell phone to be transferred to the Executive. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">5.2 <U>Rights and Remedies upon
Breach</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) The Executive acknowledges and agrees that any breach by him of any of the provisions of
<U>Section</U><U></U><U>&nbsp;5.1</U> (the &#147;<U>Restrictive Covenants</U>&#148;) would result in irreparable injury and damage for which money damages would not provide an adequate remedy. Therefore, if the Executive breaches, or threatens to
commit a breach of, any of the provisions of <U>Section</U><U></U><U>&nbsp;5.1</U>, the Company and its affiliates shall have the following rights and remedies to the extent permitted under applicable law, each of which rights and remedies shall be
independent of the other and severally enforceable, and all of which rights and remedies shall be in addition to, and not in lieu of, any other rights and remedies available to the Company and its affiliates under law or in equity (including,
without limitation, the recovery of damages): </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:18%; font-size:10pt; font-family:Times New Roman">(i) the right and remedy to have the Restrictive Covenants specifically enforced (without
posting bond and without the need to prove damages) by any court having equity jurisdiction, including, without limitation, the right to an entry against the Executive of restraining orders and injunctions (preliminary, mandatory, temporary and
permanent) against violations, threatened or actual, and whether or not then continuing, of such covenants; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:18%; font-size:10pt; font-family:Times New Roman">(ii) the right and remedy
to require the Executive to account for and pay over to the Company and its affiliates all compensation, profits, monies, accruals, increments or other benefits (collectively, &#147;<U>Benefits</U>&#148;) derived or received by him as the result of
any transactions constituting a breach of the Restrictive Covenants, and the Executive shall account for and pay over such Benefits to the Company and, if applicable, its affected affiliates. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) The Executive agrees that, in any action seeking specific performance or other equitable relief, he will not assert or contend that any of
the provisions of this <U>Section</U><U></U><U>&nbsp;5</U> are unreasonable or otherwise unenforceable. The existence of any claim or cause of action by the Executive, whether predicated on this Severance Agreement or otherwise, shall not constitute
a defense to the enforcement of the Restrictive Covenants. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6. <U>Other Provisions</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">6.1 <U>Severability</U>. The Executive acknowledges and agrees that (i)&nbsp;he has had an opportunity to seek advice of counsel in connection
with this Severance Agreement, and (ii)&nbsp;the Restrictive Covenants are reasonable in geographical and temporal scope and in all other respects. If it is determined that any of the provisions of this Severance Agreement, including, without
limitation, any of the Restrictive Covenants, or any part thereof, is invalid or unenforceable, the remainder of the provisions of this Severance Agreement shall not thereby be affected and shall be given full effect, without regard to the invalid
portions. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">6.2 <U>Duration and Scope of Covenants</U>. If any court or other decision-maker of competent jurisdiction determines that any
of the Executive&#146;s covenants contained in this Severance Agreement, including, without limitation, any of the Restrictive Covenants, or any part thereof, is unenforceable because of the duration or geographical scope of such provision, then,
after such determination has become final and unappealable, the duration or scope of such provision, as the case may he, shall he reduced so that such provision becomes enforceable and, in its reduced form, such provision shall then be enforceable
and shall be enforced. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">6.3 <U>Enforceability; Jurisdiction; Arbitration</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) The Company and the Executive intend to and hereby confer jurisdiction to enforce the Restrictive Covenants set forth in
<U>Section</U><U></U><U>&nbsp;5</U> upon the courts of any jurisdiction within the geographical scope of the Restrictive Covenants. If the courts of any one or more of such jurisdictions hold the Restrictive Covenants wholly unenforceable by reason
of breadth of scope or otherwise, it is the intention of the Company and the Executive that such determination not bar or in any way affect the Company&#146;s right, or the right of any of its affiliates, to the relief provided above in the courts
of any other jurisdiction within the geographical scope of such Restrictive Covenants, as to breaches of such Restrictive Covenants in such other respective jurisdictions, such Restrictive Covenants as they relate to each jurisdiction being, for
this purpose, severable, diverse and independent covenants, subject, where appropriate, to the doctrine of res judicata. The parties hereby agree to waive any right to a trial by jury for any and all disputes hereunder (whether or not relating to
the Restricted Covenants). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) Any controversy or claim arising out of or relating to this Severance Agreement or the breach of this
Severance Agreement (other than a controversy or claim arising under <U>Section</U><U></U><U>&nbsp;5</U>, to the extent necessary for the Company (or its affiliates, where applicable) to avail itself of the rights and remedies referred to in
<U>Section</U><U></U><U>&nbsp;5.2</U>) that is not resolved by the Executive and the Company (or its affiliates, where applicable) shall be submitted to arbitration administered by JAMS/Endispute in Los Angeles, California before a single arbitrator
in accordance with the then existing JAMS/Endispute Arbitration Rules and Procedures for Employment Disputes. The determination of the arbitrator shall be conclusive and binding on the Company (or its affiliates, where applicable) and the Executive,
and judgment may be entered on the arbitrator&#146;s award in any court having jurisdiction. In the event of such an arbitration proceeding, the Executive and the Company shall select a mutually acceptable neutral arbitrator from among the
JAMS/Endispute panel of arbitrators. In the event the Executive and the Company cannot agree on an arbitrator, the Administrator of JAMS/Endispute will appoint an arbitrator. Neither the Executive nor the Company nor the arbitrator shall disclose
the existence, content, or results of any arbitration hereunder without the prior written consent of all parties, except as required by applicable law or in connection with the last sentence of this Section. Except as provided herein, the Federal
Arbitration Act shall govern the interpretation, enforcement and all proceedings. The arbitrator shall apply the substantive law (and the law of remedies, if applicable) of the state of California, or federal law, or both, as applicable, and the
arbitrator is without jurisdiction to apply any different substantive law. The arbitrator shall have the authority to entertain a motion to dismiss and/or a motion for summary judgment by any party and shall apply the standards governing such
motions under the Federal Rules of Civil Procedure. The arbitrator shall render an award and a written, reasoned opinion in support thereof. Judgment upon the award may be entered in any court having jurisdiction thereof in accordance with
California Code of Civil Procedure sections 1285 and 1285.4, et seq. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">6.4 <U>Section</U><U></U><U>&nbsp;409A of the Code</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) Certain payments and benefits under this Severance Agreement are intended to be exempt from the application of Section&nbsp;409A of the
Internal Revenue Code of 1986, as amended (the &#147;<U>Code</U>&#148;), while other payments hereunder may constitute &#147;nonqualified deferred compensation&#148; within the meaning of Section&nbsp;409A, the payment of which is intended to comply
with Section&nbsp;409A, To the extent applicable, this Severance Agreement shall be interpreted in accordance with Section&nbsp;409A of the Code and Department of Treasury regulations and other interpretive guidance issued thereunder (collectively,
&#147;<U>Section</U><U></U><U>&nbsp;409A</U>&#148;). Notwithstanding any provision of this Severance Agreement to the contrary, if the Company determines that any compensation or benefits payable under this Severance Agreement may be
</P>
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subject to Section&nbsp;409A, the Company may, with the Executive&#146;s prior written consent, adopt such amendments to this Severance Agreement or adopt other policies and procedures (including
amendments, policies and procedures with retroactive effect), or take any other actions, that the Company determines are necessary or appropriate to (i)&nbsp;exempt the compensation and benefits payable under this Severance Agreement from
Section&nbsp;409A and/or preserve the intended tax treatment of such compensation and benefits, or (ii)&nbsp;comply with the requirements of Section&nbsp;409A. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) Any reimbursement pursuant to the provisions of this Severance Agreement will be paid no later than the last day of the calendar year
following the calendar year in which the expense was incurred. The amount of expenses eligible for reimbursement, or <FONT STYLE="white-space:nowrap">in-kind</FONT> benefits provided, during a calendar year will not affect the expenses eligible for
reimbursement, or <FONT STYLE="white-space:nowrap">in-kind</FONT> benefits to be provided, in any other calendar year. Any reimbursement to be made or <FONT STYLE="white-space:nowrap">in-kind</FONT> benefit to be provided pursuant to the provisions
of this Severance Agreement is not subject to liquidation or exchange for another benefit. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(c) The Executive shall not receive any
amounts set forth in <U>Section</U><U></U><U>&nbsp;4.2(b)</U> unless the termination of the Executive&#146;s employment constitutes a &#147;separation from service&#148; within the meaning of Section&nbsp;409A. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(d) Nothing in this Severance Agreement shall create any obligation on the part of the Company or any of its affiliates to indemnify,
reimburse, gross up, or otherwise compensate the Executive for any taxes, interest, penalties, costs, losses, damages, or expenses arising out of any violation of Section&nbsp;409A or any corresponding provision of state, local, or foreign law. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(e) Each payment under this Severance Agreement shall be designated as a &#147;separate payment&#148; within the meaning of Section&nbsp;409A.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(f) Notwithstanding anything to the contrary in this Severance Agreement, no compensation or benefits, including without limitation any
severance payments or benefits payable under <U>Section</U><U></U><U>&nbsp;4.2(b)</U> hereof, shall be paid to the Executive during the six (6)-month period following the Executive&#146;s &#147;separation from service&#148; (within the meaning of
Section&nbsp;409A(a)(2)(A)(i) of the Code) if the Company determines that paying such amounts at the time or times indicated in this Severance Agreement would be a prohibited distribution under Section&nbsp;409A(a)(2)(B)(i) of the Code. If the
payment of any such amounts is delayed as a result of the previous sentence, then on the first business day following the end of such six (6)-month period (or such earlier date upon which such amount can be paid under Section&nbsp;409A without
resulting in a prohibited distribution, including as a result of the Executive&#146;s death), the Company shall pay the Executive a <FONT STYLE="white-space:nowrap">lump-sum</FONT> amount equal to the cumulative amount that would have otherwise been
payable to the Executive during such period, plus interest credited at the applicable federal rate in effect as of the date of termination of the Executive&#146;s employment provided for in Section&nbsp;7872(f)(2)(A) of the Code. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">6.5 <U>Notices</U>. Any notice or other communication required or permitted hereunder shall be in writing and shall be delivered personally,
telegraphed, telexed, sent by facsimile transmission or sent by certified, registered or express mail, postage prepaid. Any such notice shall be deemed given when so delivered personally, telegraphed, telexed or sent by facsimile transmission or, if
mailed, five days after the date of deposit in the United States mails as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) If to the Company, to: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:18%; font-size:10pt; font-family:Times New Roman">Air Lease Corporation </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:18%; font-size:10pt; font-family:Times New Roman">2000
Avenue of the Stars </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:18%; font-size:10pt; font-family:Times New Roman">Suite 1000N </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:18%; font-size:10pt; font-family:Times New Roman">Los Angeles, California 90067 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:18%; font-size:10pt; font-family:Times New Roman">Attention: &#8195;&#8195;Carol H. Forsyte </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:18%; font-size:10pt; font-family:Times New Roman">&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8194;Executive Vice President, General Counsel, </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:18%; font-size:10pt; font-family:Times New Roman">&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8194;Corporate Secretary and Chief Compliance Officer </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:18%; font-size:10pt; font-family:Times New Roman">Telephone: (310) <FONT STYLE="white-space:nowrap">553-0555</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:18%; font-size:10pt; font-family:Times New Roman">Facsimile: (310) <FONT STYLE="white-space:nowrap">553-0999</FONT> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:18%; font-size:10pt; font-family:Times New Roman">with a copy (which shall not constitute notice) to: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:18%; font-size:10pt; font-family:Times New Roman">Munger, Tolles&nbsp;&amp; Olson, LLP </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:18%; font-size:10pt; font-family:Times New Roman">355 South Grand Avenue </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:18%; font-size:10pt; font-family:Times New Roman">35th
Floor </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:18%; font-size:10pt; font-family:Times New Roman">Los Angeles, California 90071 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:18%; font-size:10pt; font-family:Times New Roman">Attention: Mark H. Kim </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:18%; font-size:10pt; font-family:Times New Roman">Telephone: (213) <FONT STYLE="white-space:nowrap">683-9144</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:18%; font-size:10pt; font-family:Times New Roman">Fax: (213) <FONT STYLE="white-space:nowrap">683-5144</FONT> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) If to the Executive, to: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:18%; font-size:10pt; font-family:Times New Roman">Steven F. <FONT STYLE="white-space:nowrap">Udvar-H&aacute;zy</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:18%; font-size:10pt; font-family:Times New Roman">at the last known address provided to the Company </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:18%; font-size:10pt; font-family:Times New Roman">Telephone: (310) <FONT STYLE="white-space:nowrap">205-0677</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:18%; font-size:10pt; font-family:Times New Roman">Facsimile: (310) <FONT STYLE="white-space:nowrap">205-0569</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Any such person may by notice given in accordance with this <U>Section</U><U></U><U>&nbsp;6.5</U> to the other parties hereto designate another address or
person for receipt by such person of notices hereunder. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">6.6 <U>Entire Agreement</U>. This Severance Agreement contains the entire
agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements, written or oral, with respect thereto. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">6.7 <U>Waivers and Amendments</U>. This Severance Agreement may be amended, superseded, canceled, renewed or extended, and the terms hereof may
be waived, only by a written instrument signed by the parties or, in the case of a waiver, by the party waiving compliance. No delay on the part of any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof,
nor shall any waiver on the part of any party of any such right, power or privilege nor any single or partial exercise of any such right, power or privilege, preclude any other or further exercise thereof or the exercise of any other such right,
power or privilege. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">6.8 <U>GOVERNING LAW</U>. THIS SEVERANCE AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF CALIFORNIA WITHOUT REGARD TO ANY PRINCIPLES OF CONFLICTS OF LAW WHICH COULD CAUSE THE APPLICATION OF THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF CALIFORNIA. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">6.9 <U>Assignment</U>. This Severance Agreement, and the Executive&#146;s rights and obligations hereunder, may not be assigned by the
Executive; any purported assignment by the Executive in violation hereof shall be null and void. In the event of any sale, transfer or other disposition of all or substantially all of the Company&#146;s assets or business, whether by merger,
consolidation or otherwise, the Company may assign this Severance Agreement and its rights hereunder; <U>provided</U>, that, the assignee of or successor to the Company assumes all of the Company&#146;s obligations hereunder. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">6.10 <U>Withholding</U>. The Company shall be entitled to withhold from any payments or
deemed payments any amount of tax withholding it determines to be required by law. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">6.11 <U>No Duty to Mitigate</U>. The Executive shall
not be required to mitigate damages or the amount of any payment provided for under this Severance Agreement by seeking other employment or otherwise, nor will any payments hereunder be subject to offset in the event the Executive does mitigate.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">6.12 <U>Binding Effect</U>. This Severance Agreement shall be binding upon and inure to the benefit of the parties and their respective
successors, permitted assigns, heirs, executors and legal representatives. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">6.13 <U>Counterparts</U>. This Severance Agreement may he
executed by the parties hereto in separate counterparts (including by facsimile or .pdf or .tif attachment to electronic mail), each of which when so executed and delivered shall be an original but all such counterparts together shall constitute one
and the same instrument. Each counterpart may consist of two copies hereof each signed by one of the parties hereto. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">6.14 <U>Survival</U>.
Notwithstanding anything contained in this Severance Agreement to the contrary, the provisions of <U>Sections 3</U>, <U>4</U>, <U>5</U>, and <U>6</U>, shall survive termination of this Severance Agreement and any termination of the Executive&#146;s
employment hereunder. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">6.15 <U>Existing Agreements</U>. The Executive represents to the Company that he is not subject or a party to any
employment or consulting agreement, <FONT STYLE="white-space:nowrap">non-competition</FONT> covenant or other agreement, covenant or understanding which might prohibit him from executing this Severance Agreement or limit his ability to fulfill his
responsibilities hereunder. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">6.16 <U>Headings</U>. The headings in this Severance Agreement are for reference only and shall not affect the
interpretation of this Severance Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">6.17 <U>Parachute Payments</U>. If any payment or benefit the Executive would receive pursuant
to this Severance Agreement or otherwise, including accelerated vesting of any equity compensation (&#147;<U>Payment</U>&#148;) would (i)&nbsp;constitute a &#147;parachute payment&#148; within the meaning of Section&nbsp;280G of the Internal Revenue
Code, and (ii)&nbsp;but for this sentence, be subject to the excise tax set forth in Section&nbsp;4999 of the Internal Revenue Code (&#147;<U>Excise Tax</U>&#148;), then such Payment shall be reduced to the Reduced Amount. The &#147;Reduced
Amount&#148; shall be either (x)&nbsp;the largest portion of the Payment that would result in no portion of the Payment being subject to the Excise Tax or (y)&nbsp;the largest portion, up to and including the total, of the Payment, whichever amount,
after taking into account all applicable federal, state and local employment taxes, income taxes, and the Excise Tax (all computed at the highest applicable marginal rate), results in the Executive&#146;s receipt, on an <FONT
STYLE="white-space:nowrap">after-tax</FONT> basis, of the greater amount of the Payment notwithstanding that all or some portion of the Payment may be subject to the Excise Tax. If a reduction in payments or benefits constituting &#147;parachute
payments&#148; is necessary so that the Payment equals the Reduced Amount, reduction shall occur in the following order: (A)&nbsp;cash payments shall be reduced first and in reverse chronological order such that the cash payment owed on the latest
date following the occurrence of the event triggering such Excise Tax will be the first cash payment to be reduced; (B)&nbsp;accelerated vesting of stock awards shall be cancelled/reduced next and in the reverse order of the date of grant for such
stock awards (i.e., the vesting of the most recently granted stock awards will be reduced first), with full-value awards reversed before any stock option or stock appreciation rights are reduced; and (C)&nbsp;employee benefits shall be reduced last
and in reverse chronological order such that the benefit owed on the latest date following the occurrence of the event triggering such Excise Tax will be the first benefit to be reduced. Notwithstanding the foregoing sentence, to the extent
permitted by Code Sections 280G, 409A and 4999, the Executive may elect a different order of reduction. The Company shall appoint a nationally recognized accounting firm to make </P>
</DIV></Center>


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<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
the determinations required under this <U>Section</U><U></U><U>&nbsp;6.17</U> and perform the foregoing calculations. The Company shall bear all expenses with respect to the determinations by
such accounting firm required to be made hereunder. The accounting firm engaged to make the determinations hereunder shall provide its calculations, together with detailed supporting documentation, to the Company and the Executive within fifteen
(15)&nbsp;calendar days after the date on which right to a Payment is triggered (if requested at that time by the Company or the Executive) or such other time as requested by the Company or the Executive. If the accounting firm determines that no
Excise Tax is payable with respect to a Payment, either before or after the application of the Reduced Amount, it shall furnish the Company and the Executive with an opinion reasonably acceptable to the Executive that no Excise Tax will be imposed
with respect to such Payment. Any good faith determinations of the accounting firm made hereunder shall be final, binding and conclusive upon the Company and the Executive. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">6.18 <U>Terminations</U>. Upon termination of the Executive&#146;s employment for any reason, unless otherwise specified in a written agreement
between the Executive and the Company, the Executive shall be deemed to have resigned from all offices, directorships, and other employment positions if any, then held with the Company, and shall take all actions reasonably requested by the Company
to effectuate the foregoing </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>[Signature page follows.] </I></P>
</DIV></Center>


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<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties hereto have signed their names as of the date written below,
</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">AIR LEASE CORPORATION</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By: //s// Carol Forsyte</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name: Carol H. Forsyte</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title: Executive Vice President, General Counsel,</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Corporate Secretary and Chief Compliance Officer</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Dated: June&nbsp;21, 2016</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">STEVEN F. <FONT STYLE="white-space:nowrap">UDVAR-H&Aacute;ZY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">//s// Steven F. <FONT STYLE="white-space:nowrap">Udvar-H&aacute;zy</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Dated: June&nbsp;24, 2016</TD></TR>
</TABLE></DIV>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>EXHIBIT A </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>GENERAL RELEASE </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For
valuable consideration, the receipt and adequacy of which are hereby acknowledged, the undersigned does hereby release and forever discharge the &#147;<U>Releasees</U>&#148; hereunder, consisting of Air Lease Corporation, a Delaware corporation (the
&#147;<U>Company</U>&#148;), and, in such capacities, each of its partners, subsidiaries, associates, affiliates, successors, heirs, assigns, agents, directors, officers, employees, representatives, lawyers, insurers, and all persons acting by,
through, under or in concert with them, or any of them, of and from any and all manner of action or actions, cause or causes of action, in law or in equity, suits, debts, liens, contracts, agreements, promises, liability, claims, demands, damages,
losses, costs, attorneys&#146; fees or expenses, of any nature whatsoever, known or unknown, fixed or contingent (hereinafter called &#147;<U>Claims</U>&#148;), which the undersigned now has or may hereafter have against the Releasees, or any of
them, by reason of any matter, cause, or thing whatsoever from the beginning of time to the date hereof. The Claims released herein include, without limiting the generality of the foregoing, any Claims in any way arising out of, based upon, or
related to the employment or termination of employment of the undersigned by the Releasees, or any of them; any alleged breach of any express or implied contract of employment; any alleged torts or other alleged legal restrictions on the
Company&#146;s or a Releasee&#146;s right to terminate the employment of the undersigned; and any alleged violation of any federal, state or local statute or ordinance including, without limitation, Title VII of the Civil Rights Act of 1964, the Age
Discrimination In Employment Act, the Americans With Disabilities Act, and the California Fair Employment and Housing Act. Nothing in this paragraph is intended to limit the undersigned&#146;s participation in any proceeding brought by any federal,
state or other governmental agency to the extent such participation is protected by law, Notwithstanding anything to the contrary in this Release, this Release shall not operate to release any rights or claims of the undersigned (i)&nbsp;to payments
or benefits under Section&nbsp;4.2(b) of that certain Severance Agreement, dated as of July&nbsp;1, 2016, between Air Lease Corporation and the undersigned (the &#147;<U>Severance Agreement</U>&#148;), which is applicable to the payments and
benefits provided in exchange for this Release, (ii)&nbsp;to accrued or vested benefits (including, but not limited to equity awards) the undersigned may have, if any, as of the date hereof under any applicable plan, policy, practice, program,
contract or agreement with the Company, or (iii)&nbsp;any rights the undersigned has to indemnification by the Company and to directors and officers liability insurance coverage. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THE UNDERSIGNED ACKNOWLEDGES THAT HE HAS BEEN ADVISED BY LEGAL COUNSEL AND IS FAMILIAR WITH THE PROVISIONS OF CALIFORNIA CIVIL CODE SECTION
1542, WHICH PROVIDES AS FOLLOWS: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR
SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THE UNDERSIGNED, BEING AWARE OF SAID CODE SECTION, HEREBY EXPRESSLY WAIVES ANY RIGHTS HE MAY HAVE THEREUNDER, AS WELL AS UNDER ANY OTHER
STATUTES OR COMMON LAW PRINCIPLES OF SIMILAR EFFECT. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN ACCORDANCE WITH THE OLDER WORKERS BENEFIT PROTECTION ACT OF 1990, THE UNDERSIGNED
IS HEREBY ADVISED AS FOLLOWS: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(A) HE HAS THE RIGHT TO CONSULT WITH AN ATTORNEY BEFORE SIGNING THIS RELEASE; </P>
</DIV></Center>


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<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(B) HE HAS <FONT STYLE="white-space:nowrap">TWENTY-ONE</FONT> (21)&nbsp;DAYS
TO CONSIDER THIS RELEASE BEFORE SIGNING IT; AND </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(C) HE HAS SEVEN (7)&nbsp;DAYS AFTER SIGNING THIS RELEASE TO REVOKE THIS
RELEASE, AND THIS RELEASE WILL BECOME EFFECTIVE UPON THE EXPIRATION OF THAT REVOCATION PERIOD. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The undersigned represents and warrants
that he has received payment by the Company of all compensation due as of the date of termination of his employment. The undersigned further represents and warrants that there has been no assignment or other transfer of any interest in any Claim
which he may have against Releasees, or any of them, and the undersigned agrees to indemnify and hold Releasees, and each of them, harmless from any liability, Claims, demands, damages, costs, expenses and attorneys&#146; fees incurred by Releasees,
or any of them, as the result of any such assignment or transfer or any rights or Claims under any such assignment or transfer. It is the intention of the parties that this indemnity does not require payment as a condition precedent to recovery by
the Releasees against the undersigned under this indemnity. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The undersigned agrees that should any person or entity file or cause to be
filed any civil action, suit, arbitration, administrative charge, or legal proceeding seeking equitable or monetary relief in connection with any aspect of his employment relationship with the Company or any other matter relating to the claims
released by this Release, he will not seek or accept any personal relief from or as the result of such civil action, suit, arbitration, administrative charge, or legal proceeding. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The undersigned agrees that if he hereafter commences any suit arising out of, based upon, or relating to any of the Claims released hereunder
or in any manner asserts against Releasees, or any of them, any of the Claims released hereunder, then the undersigned agrees to pay to Releasees, and each of them, in addition to any other damages caused to Releasees thereby, all attorneys&#146;
fees incurred by Releasees in defending or otherwise responding to said suit or Claim. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The undersigned further understands and agrees
that neither the payment of any sum of money nor the execution of this Release shall constitute or be construed as an admission of any liability whatsoever by the Releasees, or any of them, who have consistently taken the position that they have no
liability whatsoever to the undersigned. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the undersigned has executed this Release this ___ day of ___________, ____.
</P>
</DIV></Center>


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<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Schedule II<SUP STYLE="font-size:75%; vertical-align:top">1</SUP> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Equity Awards </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="13%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="9%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="25%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="23%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; "><B>Grant Date</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Type of Award</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number&nbsp;of<BR>RSUs&nbsp;Granted</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number&nbsp;of<BR>Unvested&nbsp;RSUs</B><br><B>(as of the date<BR>hereof)</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Scheduled&nbsp;Vesting&nbsp;Date</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Plan</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Award Notice</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">February&nbsp;25, 2023</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">RSUs</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">21,470</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">7,300</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">7,300&nbsp;RSUs:&nbsp;February&nbsp;25,&nbsp;2026</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">2014&nbsp;Plan</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Grant Notice for 2014 Plan</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">RSUs - Time
Based</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">February&nbsp;25, 2023</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">RSUs</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">21,470</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">21,470</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Upon Leadership Development and Compensation Committee (&#147;<U>LDCC</U>&#148;) certification after performance period ending 12/31/25</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">2014 Plan</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Grant Notice for 2014 Plan</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">RSUs -
TSR</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">February&nbsp;25, 2023</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">RSUs</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">42,941</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">42,941</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Upon LDCC certification after performance period ending 12/31/25</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">2014 Plan</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Grant Notice for 2014 Plan</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">RSUs - Book
Value</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">February&nbsp;25, 2024</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">RSUs</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">22,861</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">15,317</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">7,544 RSUs: February&nbsp;25, 2026</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">7,773 RSUs:
February&nbsp;25, 2027</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">2023 Plan</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Grant Notice for 2023 Plan</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">RSUs -
Time-Based</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">February&nbsp;25, 2024</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">RSUs</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">22,861</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">22,861</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Upon LDCC certification after performance period ending 12/31/26</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">2023 Plan</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Grant Notice for 2023 Plan</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">RSUs -
TSR</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">February&nbsp;25, 2024</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">RSUs</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">45,721</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">45,721</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Upon&nbsp;LDCC&nbsp;certification&nbsp;after performance&nbsp;period&nbsp;ending&nbsp;12/31/26</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">2023 Plan</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Grant Notice for 2023 Plan</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">RSUs - Book
Value</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">February&nbsp;25, 2024</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">RSUs</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">79,440</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">79,440</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">February&nbsp;26,&nbsp;2026</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">2023 Plan</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Grant Notice for 2023 Plan</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">RSUs - Time-Based<SUP
STYLE="font-size:75%; vertical-align:top">2</SUP></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">On or about March&nbsp;13, 2025</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">RSUs</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">*<SUP STYLE="font-size:75%; vertical-align:top">3</SUP></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">*<SUP STYLE="font-size:75%; vertical-align:top">3</SUP></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">On or about March&nbsp;13, 2027</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">2023 Plan</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Grant Notice for 2023 Plan</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">RSUs - Time-Based<SUP
STYLE="font-size:75%; vertical-align:top">4</SUP></P></TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The information in this Schedule II is for illustrative purposes only. Nothing in this Schedule II modifies the
terms of any equity award reflected herein. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Referred to in this Agreement as the &#147;<U>2024 Bonus RSUs</U>&#148; (RSUs granted in 2024 in settlement of <FONT
STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy&#146;s</FONT> annual bonus for performance year 2023). </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">3</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Number of RSUs Granted will be an amount equal to $2,462,400 divided by the closing price of one share of the
Company&#146;s Class&nbsp;A common stock on the Grant Date, rounded to the nearest whole share. All such RSUs will be unvested as of the Grant Date. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">4</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Referred to in this Agreement as the &#147;<U>2025 Bonus RSUs</U>&#148; (RSUs granted in 2025 in settlement of <FONT
STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy&#146;s</FONT> annual bonus for performance year 2024). </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Schedule III </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Equity Awards </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Form of
Grant Notice and Standard Terms and Conditions for 2023 Equity Incentive Plan &#151; </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Mr.&nbsp;Steven&nbsp;F.
<FONT STYLE="white-space:nowrap">Udvar-H&aacute;zy</FONT> Time-Based Restricted Stock Units (Bonus) </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(Filed as Exhibit 10.248 to the
Company&#146;s <FONT STYLE="white-space:nowrap">10-K</FONT> for the fiscal year ended December&nbsp;31, 2024: </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><FONT
STYLE="white-space:nowrap">https://www.sec.gov/ix?doc=/Archives/edgar/data/0001487712/000162828025005392/al-20241231.htm)</FONT> </P>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
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<DESCRIPTION>EX-99.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE" STYLE="line-height:Normal">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


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<IMG SRC="g922933dsp44.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Exhibit 99.1</TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Steven <FONT STYLE="white-space:nowrap">Udvar-H&aacute;zy</FONT> to Retire from Air Lease Corporation
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>Will Transition from Executive Chairman to Chairman of the Board of Directors, Effective May&nbsp;2, 2025</I> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">LOS ANGELES, March&nbsp;13, 2025 &#151; Air Lease Corporation (NYSE: AL) (&#147;ALC&#148; or the &#147;Company&#148;) today announced that Executive Chairman
Steven <FONT STYLE="white-space:nowrap">Udvar-H&aacute;zy</FONT> will retire on May&nbsp;2, 2025, following the Company&#146;s 2025 Annual Meeting of Stockholders. <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> will continue to
serve on the Company&#146;s Board of Directors as <FONT STYLE="white-space:nowrap">non-executive</FONT> Chairman until the Company&#146;s 2026 annual meeting of stockholders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> founded Air Lease Corporation in 2010 and served as Chairman and Chief Executive Officer
until 2016, at which time he became Executive Chairman. During <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy&#146;s</FONT> tenure at ALC, he has helped oversee the Company&#146;s tremendous growth, foster deep, long-term relationships
with customers and built a valuable portfolio with over $32&nbsp;billion in total assets. These actions have created a track record of delivering results and stockholder value, with over $750&nbsp;million in capital returned to stockholders since
the Company became publicly traded in 2011. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">With his career in aviation spanning 60 years,
<FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> played a critical role in the inception of the aircraft leasing industry. After starting an airline consulting business early in his career,
<FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> created an aircraft leasing company where he began brokering aircraft. In 1973, <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> proceeded to <FONT
STYLE="white-space:nowrap">co-found</FONT> and lead International Lease Finance Corp. (&#147;ILFC&#148;), which was sold to AIG for $1.3&nbsp;billion. <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy</FONT> led ILFC until his retirement
in 2010. ILFC helped transform the aviation landscape with the commercialization of operating leases, enabling airlines significantly greater flexibility in business operations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;The aviation industry has been my passion since a young age, and it has been incredible to see how far we have come. I am very proud of the success we
have achieved since founding ALC over 15 years ago and the role we have played in supporting airline customers around the world,&#148; said <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-H&aacute;zy.</FONT> &#147;John and the dedicated leadership
team will continue to build on our strong foundation and support our airline and OEM partners. I am very confident in the long-term strength of the business, and ALC is well positioned to capture the meaningful opportunities ahead to deliver for our
customers and create value for stockholders.&#148; </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;I have had the absolute pleasure of working closely with Steve in the airline industry for nearly 40
years, during which time he has served as an amazing mentor, business partner and friend as we operated and scaled two industry-leading aircraft leasing companies,&#148; said John Plueger, Chief Executive Officer and President. &#147;Steve&#146;s
invaluable knowledge and customer-centric ethos is deeply embedded within our company &#150; and his devotion to all things aviation, along with his inherent drive to deliver operational excellence permeates our culture. Our team is committed to
delivering value for stockholders, including building on our young existing $28&nbsp;billion fleet, $17&nbsp;billion orderbook of new technology and fuel-efficient aircraft positions, as well as our valued customers and partners across the
industry.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;On behalf of the entire Board, I want to thank Steve for his commitment and service to the Company, our customers and the
industry,&#148; said Robert Milton, Lead Independent Director of the Board. &#147;As a visionary in the industry, Steve&#146;s unrelenting dedication, deep understanding of customer needs, and entrepreneurial spirit will leave a lasting mark on ALC
and aviation at large. We have full faith and confidence in John and the management team propelling ALC into its next chapter.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">About Air Lease
Corporation (NYSE: AL) </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Air Lease Corporation is a leading global 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 new commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing
solutions. The company routinely posts information that may be important to investors in the &#147;Investors&#148; section of its website at www.airleasecorp.com. Investors and potential investors are encouraged to consult Air Lease
Corporation&#146;s website regularly for important information. The information contained on, or that may be accessed through, ALC&#146;s website is not incorporated by reference into, and is not a part of, this press release. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Forward-Looking Statements </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This press release contains
forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the Company&#146;s future leadership, <FONT STYLE="white-space:nowrap">Mr.&nbsp;Udvar-Hazy&#146;s</FONT> future
service on the Company&#146;s Board, and the Company&#146;s performance, prospects, success and strategy. Such statements, other than statements of historical fact, are based on current expectations and projections about the Company&#146;s 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 but not limited to, those risks detailed in the Company&#146;s filings with the Securities and Exchange Commission (the &#147;SEC&#148;), including the Company&#146;s Annual Report on Form <FONT
STYLE="white-space:nowrap">10-K</FONT> for the fiscal year ended December&nbsp;31, 2024, and other SEC filings, including future SEC filings. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

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<TD WIDTH="48%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Investor Relations:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Media:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Jason Arnold</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Ashley Arnold</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Vice President, Investor Relations</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Senior Manager, Media and Investor Relations</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Email: <U>investors@airleasecorp.com</U></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Email: <U>press@airleasecorp.com</U></TD></TR>
</TABLE>
</DIV></Center>

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  <arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#domain-member" arcroleURI="http://xbrl.org/int/dim/arcrole/domain-member" />
  <arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#hypercube-dimension" arcroleURI="http://xbrl.org/int/dim/arcrole/hypercube-dimension" />
  <link:roleRef roleURI="http://www.airleasecorp.com//20250313/taxonomy/role/DocumentDocumentAndEntityInformation" xlink:href="al-20250313.xsd#Role_DocumentDocumentAndEntityInformation" xlink:type="simple" />
  <link:definitionLink xlink:type="extended" xlink:role="http://www.airleasecorp.com//20250313/taxonomy/role/DocumentDocumentAndEntityInformation">
    <link:loc xlink:href="al-20250313.xsd#al_DocumentAndEntityInformationTable" xlink:type="locator" xlink:label="al_DocumentAndEntityInformationTable" />
    <link:loc xlink:href="al-20250313.xsd#al_DocumentAndEntityInformationLineItems" xlink:type="locator" xlink:label="al_DocumentAndEntityInformationLineItems" />
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_StatementClassOfStockAxis" xlink:type="locator" xlink:label="us-gaap_StatementClassOfStockAxis" />
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_ClassOfStockDomain" xlink:type="locator" xlink:label="us-gaap_ClassOfStockDomain" />
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_ClassOfStockDomain" xlink:type="locator" xlink:label="us-gaap_ClassOfStockDomain_2" />
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_CommonStockMember" xlink:type="locator" xlink:label="us-gaap_CommonStockMember" />
    <link:loc xlink:href="al-20250313.xsd#al_SeriesAMediumTermNotesMember" xlink:type="locator" xlink:label="al_SeriesAMediumTermNotesMember" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityRegistrantName" xlink:type="locator" xlink:label="dei_EntityRegistrantName" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_AmendmentFlag" xlink:type="locator" xlink:label="dei_AmendmentFlag" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityCentralIndexKey" xlink:type="locator" xlink:label="dei_EntityCentralIndexKey" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentType" xlink:type="locator" xlink:label="dei_DocumentType" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentPeriodEndDate" xlink:type="locator" xlink:label="dei_DocumentPeriodEndDate" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityIncorporationStateCountryCode" xlink:type="locator" xlink:label="dei_EntityIncorporationStateCountryCode" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityFileNumber" xlink:type="locator" xlink:label="dei_EntityFileNumber" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityTaxIdentificationNumber" xlink:type="locator" xlink:label="dei_EntityTaxIdentificationNumber" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressAddressLine1" xlink:type="locator" xlink:label="dei_EntityAddressAddressLine1" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressAddressLine2" xlink:type="locator" xlink:label="dei_EntityAddressAddressLine2" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressCityOrTown" xlink:type="locator" xlink:label="dei_EntityAddressCityOrTown" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressStateOrProvince" xlink:type="locator" xlink:label="dei_EntityAddressStateOrProvince" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressPostalZipCode" xlink:type="locator" xlink:label="dei_EntityAddressPostalZipCode" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_CityAreaCode" xlink:type="locator" xlink:label="dei_CityAreaCode" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_LocalPhoneNumber" xlink:type="locator" xlink:label="dei_LocalPhoneNumber" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_WrittenCommunications" xlink:type="locator" xlink:label="dei_WrittenCommunications" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_SolicitingMaterial" xlink:type="locator" xlink:label="dei_SolicitingMaterial" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_PreCommencementTenderOffer" xlink:type="locator" xlink:label="dei_PreCommencementTenderOffer" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_PreCommencementIssuerTenderOffer" xlink:type="locator" xlink:label="dei_PreCommencementIssuerTenderOffer" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_Security12bTitle" xlink:type="locator" xlink:label="dei_Security12bTitle" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_TradingSymbol" xlink:type="locator" xlink:label="dei_TradingSymbol" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_SecurityExchangeName" xlink:type="locator" xlink:label="dei_SecurityExchangeName" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityEmergingGrowthCompany" xlink:type="locator" xlink:label="dei_EntityEmergingGrowthCompany" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="al_DocumentAndEntityInformationLineItems" xlink:to="al_DocumentAndEntityInformationTable" order="1" priority="2" use="optional" xbrldt:contextElement="segment" xbrldt:closed="true" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="al_DocumentAndEntityInformationTable" xlink:to="us-gaap_StatementClassOfStockAxis" order="1" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="us-gaap_StatementClassOfStockAxis" xlink:to="us-gaap_ClassOfStockDomain" order="23" priority="2" use="optional" />
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    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="al_SeriesAMediumTermNotesMember" order="25" priority="2" use="optional" />
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    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="al_DocumentAndEntityInformationLineItems" xlink:to="dei_AmendmentFlag" order="28.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="al_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityCentralIndexKey" order="29.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="al_DocumentAndEntityInformationLineItems" xlink:to="dei_DocumentType" order="33.001" priority="2" use="optional" />
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    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="al_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityIncorporationStateCountryCode" order="35.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="al_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityFileNumber" order="36.001" priority="2" use="optional" />
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    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="al_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityAddressAddressLine1" order="38.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="al_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityAddressAddressLine2" order="39.001" priority="2" use="optional" />
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    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="al_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityAddressPostalZipCode" order="42.001" priority="2" use="optional" />
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  </link:definitionLink>
</linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>6
<FILENAME>al-20250313_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii" standalone="yes"?>
<!-- DFIN - https://www.dfinsolutions.com/ -->
<!-- CTU Version: Release master Build:20241122.1 -->
<!-- Creation date: 3/14/2025 12:50:05 AM Eastern Time -->
<!-- Copyright (c) 2025 Donnelley Financial Solutions, Inc. All Rights Reserved. -->
<link:linkbase
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:xlink="http://www.w3.org/1999/xlink"
  xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
  xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CoverAbstract" xlink:to="dei_CoverAbstract_lbl" />
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    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityRegistrantName" xlink:type="locator" xlink:label="dei_EntityRegistrantName" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityRegistrantName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Registrant Name</link:label>
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    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_AmendmentFlag" xlink:type="locator" xlink:label="dei_AmendmentFlag" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_AmendmentFlag_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Amendment Flag</link:label>
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    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityCentralIndexKey" xlink:type="locator" xlink:label="dei_EntityCentralIndexKey" />
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    <link:label xml:lang="en-US" xlink:label="dei_DocumentType_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Document Type</link:label>
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    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentPeriodEndDate" xlink:type="locator" xlink:label="dei_DocumentPeriodEndDate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" />
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    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityIncorporationStateCountryCode" xlink:type="locator" xlink:label="dei_EntityIncorporationStateCountryCode" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl" />
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    <link:label xml:lang="en-US" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Incorporation State Country Code</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityFileNumber" xlink:type="locator" xlink:label="dei_EntityFileNumber" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFileNumber" xlink:to="dei_EntityFileNumber_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityFileNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity File Number</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityFileNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity File Number</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityTaxIdentificationNumber" xlink:type="locator" xlink:label="dei_EntityTaxIdentificationNumber" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Tax Identification Number</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Tax Identification Number</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressAddressLine1" xlink:type="locator" xlink:label="dei_EntityAddressAddressLine1" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressAddressLine1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Address Line One</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressAddressLine1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, Address Line One</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressAddressLine2" xlink:type="locator" xlink:label="dei_EntityAddressAddressLine2" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine2" xlink:to="dei_EntityAddressAddressLine2_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressAddressLine2_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Address Line Two</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressAddressLine2_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, Address Line Two</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressCityOrTown" xlink:type="locator" xlink:label="dei_EntityAddressCityOrTown" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCityOrTown" xlink:to="dei_EntityAddressCityOrTown_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressCityOrTown_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, City or Town</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressCityOrTown_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, City or Town</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressStateOrProvince" xlink:type="locator" xlink:label="dei_EntityAddressStateOrProvince" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressStateOrProvince" xlink:to="dei_EntityAddressStateOrProvince_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressStateOrProvince_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, State or Province</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressStateOrProvince_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, State or Province</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressPostalZipCode" xlink:type="locator" xlink:label="dei_EntityAddressPostalZipCode" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressPostalZipCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Postal Zip Code</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressPostalZipCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, Postal Zip Code</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_CityAreaCode" xlink:type="locator" xlink:label="dei_CityAreaCode" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CityAreaCode" xlink:to="dei_CityAreaCode_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_CityAreaCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">City Area Code</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_CityAreaCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">City Area Code</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_LocalPhoneNumber" xlink:type="locator" xlink:label="dei_LocalPhoneNumber" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_LocalPhoneNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Local Phone Number</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_LocalPhoneNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Local Phone Number</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_WrittenCommunications" xlink:type="locator" xlink:label="dei_WrittenCommunications" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_WrittenCommunications" xlink:to="dei_WrittenCommunications_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_WrittenCommunications_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Written Communications</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_WrittenCommunications_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Written Communications</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_SolicitingMaterial" xlink:type="locator" xlink:label="dei_SolicitingMaterial" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SolicitingMaterial" xlink:to="dei_SolicitingMaterial_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_SolicitingMaterial_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Soliciting Material</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_SolicitingMaterial_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Soliciting Material</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_PreCommencementTenderOffer" xlink:type="locator" xlink:label="dei_PreCommencementTenderOffer" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementTenderOffer" xlink:to="dei_PreCommencementTenderOffer_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_PreCommencementTenderOffer_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Pre Commencement Tender Offer</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_PreCommencementTenderOffer_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Pre Commencement Tender Offer</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_PreCommencementIssuerTenderOffer" xlink:type="locator" xlink:label="dei_PreCommencementIssuerTenderOffer" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Pre Commencement Issuer Tender Offer</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Pre Commencement Issuer Tender Offer</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_Security12bTitle" xlink:type="locator" xlink:label="dei_Security12bTitle" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12bTitle" xlink:to="dei_Security12bTitle_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_Security12bTitle_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Security 12b Title</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_Security12bTitle_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Security 12b Title</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_TradingSymbol" xlink:type="locator" xlink:label="dei_TradingSymbol" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_TradingSymbol_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Trading Symbol</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_TradingSymbol_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Trading Symbol</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_SecurityExchangeName" xlink:type="locator" xlink:label="dei_SecurityExchangeName" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityExchangeName" xlink:to="dei_SecurityExchangeName_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_SecurityExchangeName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Security Exchange Name</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_SecurityExchangeName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Security Exchange Name</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityEmergingGrowthCompany" xlink:type="locator" xlink:label="dei_EntityEmergingGrowthCompany" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Emerging Growth Company</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Emerging Growth Company</link:label>
    <link:loc xlink:href="al-20250313.xsd#al_DocumentAndEntityInformationTable" xlink:type="locator" xlink:label="al_DocumentAndEntityInformationTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="al_DocumentAndEntityInformationTable" xlink:to="al_DocumentAndEntityInformationTable_lbl" />
    <link:label xml:lang="en-US" xlink:label="al_DocumentAndEntityInformationTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Document And Entity Information [Table]</link:label>
    <link:label xml:lang="en-US" xlink:label="al_DocumentAndEntityInformationTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document And Entity Information [Table]</link:label>
    <link:loc xlink:href="al-20250313.xsd#al_DocumentAndEntityInformationLineItems" xlink:type="locator" xlink:label="al_DocumentAndEntityInformationLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="al_DocumentAndEntityInformationLineItems" xlink:to="al_DocumentAndEntityInformationLineItems_lbl" />
    <link:label xml:lang="en-US" xlink:label="al_DocumentAndEntityInformationLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Document And Entity Information [Line Items]</link:label>
    <link:label xml:lang="en-US" xlink:label="al_DocumentAndEntityInformationLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document And Entity Information [Line Items]</link:label>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_StatementClassOfStockAxis" xlink:type="locator" xlink:label="us-gaap_StatementClassOfStockAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementClassOfStockAxis" xlink:to="us-gaap_StatementClassOfStockAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_StatementClassOfStockAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Class of Stock [Axis]</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_StatementClassOfStockAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class of Stock [Axis]</link:label>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_ClassOfStockDomain" xlink:type="locator" xlink:label="us-gaap_ClassOfStockDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="us-gaap_ClassOfStockDomain_lbl" />
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    <link:label xml:lang="en-US" xlink:label="us-gaap_ClassOfStockDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class of Stock [Domain]</link:label>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_CommonStockMember" xlink:type="locator" xlink:label="us-gaap_CommonStockMember" />
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    <link:label xml:lang="en-US" xlink:label="us-gaap_CommonStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_CommonStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common Stock [Member]</link:label>
    <link:loc xlink:href="al-20250313.xsd#al_SeriesAMediumTermNotesMember" xlink:type="locator" xlink:label="al_SeriesAMediumTermNotesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="al_SeriesAMediumTermNotesMember" xlink:to="al_SeriesAMediumTermNotesMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="al_SeriesAMediumTermNotesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Series A Medium Term Notes [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="al_SeriesAMediumTermNotesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Series A Medium Term Notes [Member]</link:label>
  </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>7
<FILENAME>al-20250313_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii" standalone="yes"?>
<!-- DFIN - https://www.dfinsolutions.com/ -->
<!-- CTU Version: Release master Build:20241122.1 -->
<!-- Creation date: 3/14/2025 12:50:06 AM Eastern Time -->
<!-- Copyright (c) 2025 Donnelley Financial Solutions, Inc. All Rights Reserved. -->
<link:linkbase
    xmlns:link="http://www.xbrl.org/2003/linkbase"
    xmlns:xlink="http://www.w3.org/1999/xlink"
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    <link:loc xlink:href="al-20250313.xsd#al_DocumentAndEntityInformationLineItems" xlink:type="locator" xlink:label="al_DocumentAndEntityInformationLineItems" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="al_DocumentAndEntityInformationTable" xlink:to="al_DocumentAndEntityInformationLineItems" order="22" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
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    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="al_DocumentAndEntityInformationTable" xlink:to="us-gaap_StatementClassOfStockAxis" order="1" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_ClassOfStockDomain" xlink:type="locator" xlink:label="us-gaap_ClassOfStockDomain" />
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    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="al_SeriesAMediumTermNotesMember" order="25" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityRegistrantName" xlink:type="locator" xlink:label="dei_EntityRegistrantName" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="al_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityRegistrantName" order="27.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_AmendmentFlag" xlink:type="locator" xlink:label="dei_AmendmentFlag" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="al_DocumentAndEntityInformationLineItems" xlink:to="dei_AmendmentFlag" order="28.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityCentralIndexKey" xlink:type="locator" xlink:label="dei_EntityCentralIndexKey" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="al_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityCentralIndexKey" order="29.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentType" xlink:type="locator" xlink:label="dei_DocumentType" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="al_DocumentAndEntityInformationLineItems" xlink:to="dei_DocumentType" order="33.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentPeriodEndDate" xlink:type="locator" xlink:label="dei_DocumentPeriodEndDate" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="al_DocumentAndEntityInformationLineItems" xlink:to="dei_DocumentPeriodEndDate" order="34.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityIncorporationStateCountryCode" xlink:type="locator" xlink:label="dei_EntityIncorporationStateCountryCode" />
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end
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>10
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
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<body>
<span style="display: none;">v3.25.0.1</span><table class="report" border="0" cellspacing="2" id="idm44953023499360">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Document and Entity Information<br></strong></div></th>
<th class="th"><div>Mar. 13, 2025</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_al_DocumentAndEntityInformationLineItems', window );"><strong>Document And Entity Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">AIR LEASE CORP<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0001487712<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Mar. 13,  2025<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation State Country Code</a></td>
<td class="text">DE<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">001-35121<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">27-1840403<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">2000 Avenue of the Stars<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine2', window );">Entity Address, Address Line Two</a></td>
<td class="text">Suite 1000N<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Los Angeles<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">CA<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">90067<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">(310)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">553-0555<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre Commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre Commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember', window );">Common Stock [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_al_DocumentAndEntityInformationLineItems', window );"><strong>Document And Entity Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Security 12b Title</a></td>
<td class="text">Class&#160;A Common Stock<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">AL<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=al_SeriesAMediumTermNotesMember', window );">Series A Medium Term Notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_al_DocumentAndEntityInformationLineItems', window );"><strong>Document And Entity Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Security 12b Title</a></td>
<td class="text">3.700% Medium-Term Notes, Series A, due April&#160;15, 2030<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">AL30<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_al_DocumentAndEntityInformationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">al_DocumentAndEntityInformationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>al_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine2">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 2 such as Street or Suite number</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine2</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14a<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
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