Air Lease (AL) Proxy Filing summary

Executive summary

• Achieved strong operational results in 2024, with a 1.8% revenue increase to $2.7 billion and a 7.4% growth in fleet net book value to $28.2 billion, despite higher interest expenses and OEM delivery delays.

• Ended 2024 with 489 owned aircraft, 269 new aircraft on order through 2029, and $29.5 billion in committed minimum future rental payments.

• Increased quarterly dividend by 5% to $0.22 per share, marking the twelfth consecutive annual increase.

• Maintained a 100% lease utilization rate and high workforce productivity, with $16.6 million revenue per employee.

Voting matters and shareholder proposals

• Stockholders will vote to elect nine directors for one-year terms, ratify KPMG LLP as independent auditor for 2025, and approve an advisory say-on-pay vote for executive compensation.

• Proposals require majority approval; abstentions and broker non-votes have no effect on director elections.

• Shareholder proposals and director nominations for the 2026 meeting must comply with SEC and bylaw deadlines.

Board of directors and corporate governance

• Board consists of nine members, with seven independent directors as per NYSE rules.

• Board leadership includes an Executive Chairman (retiring from executive role in 2025) and an independent Lead Director.

• Three standing committees: Audit, Nominating & Corporate Governance, and Leadership Development & Compensation, all chaired by independent directors.

• Annual board and committee self-evaluations and robust director stock ownership guidelines in place.

• Board diversity actively considered in director selection.