Blackbird Capital Aircraft Lease Securitization Ltd (BBIRD) 2016-1

AA: Registration: 144A Only; A: Registration: 144A Only; B: Registration: 144A Only;

Blackbird Capital I LLC is a joint venture with a co-investment vehicle between Air Lease Corporation and Napier Park Global Capital, formed on November 6, 2014.

Proceeds from the sale of the Notes will be used to purchase a fleet of 19 aircraft that are initially leased to 16 airlines located in 13 countries with an initial total value of approximately $1.049 billion.