Air Lease Corporation announced the election of a new independent director to its Board of Directors. After conducting a thorough search process led by the nominating and governance committee of the board, Cheryl Gordon Krongard was unanimously elected to the ALC Board by the current directors effective immediately. Ms. Krongard also will serve on the board's Compensation Committee.

Ms. Krongard was a senior partner of Apollo Management, L.P. from January 2002 to December 2004. After the election of Ms. Krongard, the Board accepted the retirements of John G. Danhakl, Antony P. Ressler, and Wilbur L. Ross, Jr. who have served on the board since 2010. Following the retirement of Messrs.

Danhkl, Ressler and Ross, the current directors elected Ian Saines to the board's Audit Committee and Robert Milton to the board's Compensation Committee.