A wholly-owned subsidiary of Air Lease Corporation (ALC) has entered into a joint venture with a co-investment vehicle (the JV Partner) arranged by Napier Park Global Capital (US) (Napier Park) for the purpose of investing in commercial aircraft and leasing them to airlines around the globe. The newly formed entity with committed equity and debt capital is named Blackbird Capital I LLC (Blackbird Capital I) and 90.5% of the equity is owned, through the JV Partner, by a pooled investment vehicle of long-term institutional investors managed by Napier Park. The Company owns 9.5% of the joint venture and will not

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