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Exhibit 21.1

AIR LEASE CORPORATION AND CONSOLIDATED SUBSIDIARIES
SUBSIDIARIES OF THE REGISTRANT

Name of Company/Jurisdiction of Incorporation or Formation	Percentage of Voting Securities Owned by the Registrant or a Subsidiary of the Registrant
Ireland
ALC Blarney Aircraft Limited		100
ALC Clover Ireland Limited		100
ALC Warehouse Ireland Limited		100
ALC Shamrock Ireland Limited		100
ALC Maillot Jaune Ireland Limited		100
Labuan
ALC Labuan Aircraft Limited		100
Aruba
Air Lease Aruba Aircraft Holdings A.V.V.		100
Bermuda
ALC Bermuda Aircraft Limited		100
ALC Juniper Limited		100
Cayman Islands
ACG Acquisition (Cayman) 2645 Limited (Shares owned by ALC A320 2645, LLC)		100
ALC A320-2 1944 Cayman Limited		100
United Kingdom
ALC UK Aircraft Limited		100
China
ALC Trinity Limited		100
Alex Aircraft Ireland Limited		100
ALC Tianrui (Tianjin) Company Limited		100
Colorado
ALC A320 3141CO, LLC		100
ALC Colorado Lessor, LLC		100
ALC E190 537CO, LLC		100
ALC E190 487CO, LLC		100
Delaware
ALC A319 2326, LLC		100
ALC A321 1326, LLC		100
ALC A332 443, LLC		100
ALC A333 1326, LLC		100
ALC E175 334, LLC		100
ALC E190 102011, LLC		100
ALC E190 551, LLC		100
ALC ATR 726 102011, LLC		100
ALC ATR 726 112011, LLC		100
ALC ATR 726 12012, LLC		100
ALC ATR 726 22012, LLC		100
ALC ATR 726 32012, LLC		100

Name of Company/Jurisdiction of Incorporation or Formation	Percentage of Voting Securities Owned by the Registrant or a Subsidiary of the Registrant
ALC E190 12012, LLC		100
ALC E190 22012, LLC		100
ALC E190 450, LLC		100
ALC E190 460, LLC		100
ALC E190 72012, LLC		100
ALC E190 SIMBA, LLC		100
ALC 6015, LLC		100
ALC 777-3 37434, LLC		100
ALC A319 1703, LLC		100
ALC A319 1893, LLC		100
ALC A319 2436, LLC		100
ALC A319-1 2456, LLC		100
ALC A319-1 2560, LLC		100
ALC A319-1 2657, LLC		100
ALC A320 32013, LLC		100
ALC A320 102013, LLC		100
ALC A320 112011, LLC		100
ALC A320 122011, LLC		100
ALC A320 1686, LLC		100
ALC A320 2347, LLC		100
ALC A320 2539, LLC		100
ALC A320 2645, LLC		100
ALC A320 3141, LLC		100
ALC A320 3203, LLC		100
ALC A320 3218, LLC		100
ALC A320 3256, LLC		100
ALC A320 3576, LLC		100
ALC A320 3626, LLC		100
ALC A320 4553, LLC		100
ALC A320 4584, LLC		100
ALC A320 4601, LLC		100
ALC A320 4604, LLC		100
ALC A320 4681, LLC		100
ALC A320 4694, LLC		100
ALC A320 4869, LLC		100
ALC A320 4912, LLC		100
ALC A320 4915, LLC		100
ALC A320 4982, LLC		100
ALC A320 5001, LLC		100
ALC A320 5026, LLC		100
ALC A320 5135, LLC		100
ALC A320 5167, LLC		100
ALC A320 52013, LLC		100
ALC A320 5326, LLC		100
ALC A320 5461, LLC		100
ALC A320 5503, LLC		100
ALC A320 5508, LLC		100
ALC A320 5524, LLC		100
ALC A320 5559, LLC		100

Name of Company/Jurisdiction of Incorporation or Formation	Percentage of Voting Securities Owned by the Registrant or a Subsidiary of the Registrant
ALC A320 5602, LLC		100
ALC A320 92013, LLC		100
ALC A320-2 1467, LLC		100
ALC A320-2 3021, LLC		100
ALC A320-2 4316, LLC		100
ALC A321 42014A, LLC		100
ALC A321 102014, LLC		100
ALC A321 102014A, LLC		100
ALC A321 102014B, LLC		100
ALC A321 112013, LLC		100
ALC A321 112013, LLC		100
ALC A321 112014, LLC		100
ALC A321 12014, LLC		100
ALC A321 1326, LLC		100
ALC A321 22015, LLC		100
ALC A321 3106, LLC		100
ALC A321 32014A, LLC		100
ALC A321 32014B, LLC		100
ALC A321 32015, LLC		100
ALC A321 42014B, LLC		100
ALC A321 5169, LLC		100
ALC A321 5169, LLC		100
ALC A321 52013, LLC		100
ALC A321 52014, LLC		100
ALC A321 52014B, LLC		100
ALC A321 52015, LLC		100
ALC A321 5382, LLC		100
ALC A321 62014, LLC		100
ALC A321 62015, LLC		100
ALC A321 92014, LLC		100
ALC A321-2 4251, LLC		100
ALC A321-2 4334, LLC		100
ALC A332 1016, LLC		100
ALC A332 1138, LLC		100
ALC A332 1218, LLC		100
ALC A332 1225, LLC		100
ALC A332 1237, LLC		100
ALC A332 1252, LLC		100
ALC A332 1256, LLC		100
ALC A332 1260, LLC		100
ALC A332 1266, LLC		100
ALC A332 1288, LLC		100
ALC A332 1316, LLC		100
ALC A332 456, LLC		100
ALC A332 925, LLC		100
ALC A333 1287, LLC		100
ALC A333 1340, LLC		100
ALC A333 32013, LLC		100
ALC A333 32013, LLC		100

Name of Company/Jurisdiction of Incorporation or Formation	Percentage of Voting Securities Owned by the Registrant or a Subsidiary of the Registrant
ALC A333 72013, LLC		100
ALC A380 058, LLC		100
ALC Aircraft Holdings I, LLC		100
ALC Aircraft Holdings SA, LLC		100
ALC ATR 726 1022, LLC		100
ALC ATR 726 1028, LLC		100
ALC ATR 726 1040, LLC		100
ALC ATR 726 1054, LLC		100
ALC ATR 726 1059, LLC		100
ALC ATR 726 1080, LLC		100
ALC ATR 726 1086, LLC		100
ALC ATR 726 1096, LLC		100
ALC ATR 726 1108, LLC		100
ALC ATR 726 72013, LLC		100
ALC ATR 726 92013, LLC		100
ALC ATR 726 967, LLC		100
ALC ATR 726 971, LLC		100
ALC ATR 726 987, LLC		100
ALC ATR 726 992, LLC		100
ALC ATR 726 998, LLC		100
ALC B277 29398, LLC		100
ALC B373 25080, LLC		100
ALC B373 25081, LLC		100
ALC B373 25891, LLC		100
ALC B373 25892, LLC		100
ALC B373 25893, LLC		100
ALC B373 25895, LLC		100
ALC B373 25896, LLC		100
ALC B373 25897, LLC		100
ALC B373 27046, LLC		100
ALC B373 27047, LLC		100
ALC B373 27126, LLC		100
ALC B373 27138, LLC		100
ALC B373 27151, LLC		100
ALC B373 27176, LLC		100
ALC B373 27273, LLC		100
ALC B373 27276, LLC		100
ALC B373 27286, LLC		100
ALC B373 27287, LLC		100
ALC B373 27289, LLC		100
ALC B373 27290, LLC		100
ALC B373 27343, LLC		100
ALC B373 27344, LLC		100
ALC B373 27372, LLC		100
ALC B373 27375, LLC		100
ALC B373 27518, LLC		100
ALC B377 30279, LLC		100
ALC B377 30280, LLC		100
ALC B377 30746, LLC		100

Name of Company/Jurisdiction of Incorporation or Formation	Percentage of Voting Securities Owned by the Registrant or a Subsidiary of the Registrant
ALC B377 33464, LLC		100
ALC B377 33465, LLC		100
ALC B377 34401, LLC		100
ALC B377 34402, LLC		100
ALC B378 112012, LLC		100
ALC B378 30285, LLC		100
ALC B378 30286, LLC		100
ALC B378 30289, LLC		100
ALC B378 30292, LLC		100
ALC B378 30360, LLC		100
ALC B378 30370, LLC		100
ALC B378 30372, LLC		100
ALC B378 30392, LLC		100
ALC B378 32919, LLC		100
ALC B378 32920, LLC		100
ALC B378 33027, LLC		100
ALC B378 33980, LLC		100
ALC B378 33982, LLC		100
ALC B378 34003, LLC		100
ALC B378 34004, LLC		100
ALC B378 34253, LLC		100
ALC B378 34254, LLC		100
ALC B378 34896, LLC		100
ALC B378 34898, LLC		100
ALC B378 35094, LLC		100
ALC B378 35101, LLC		100
ALC B378 35120, LLC		100
ALC B378 35217, LLC		100
ALC B378 35228, LLC		100
ALC B378 36529, LLC		100
ALC B378 36845, LLC		100
ALC B378 37772, LLC		100
ALC B378 41299, LLC		100
ALC B378 41300, LLC		100
ALC B378 41301, LLC		100
ALC B378 41302, LLC		100
ALC B378 41303, LLC		100
ALC B378 41304, LLC		100
ALC B378 41305, LLC		100
ALC B378 41306, LLC		100
ALC B378 41307, LLC		100
ALC B378 41308, LLC		100
ALC B378 41309, LLC		100
ALC B378 41310, LLC		100
ALC B378 41311, LLC		100
ALC B378 41312, LLC		100
ALC B378 41313, LLC		100
ALC B378 41314, LLC		100
ALC B378 41315, LLC		100

Name of Company/Jurisdiction of Incorporation or Formation	Percentage of Voting Securities Owned by the Registrant or a Subsidiary of the Registrant
ALC B378 41316, LLC		100
ALC B378 41317, LLC		100
ALC B378 41319, LLC		100
ALC B378 41320, LLC		100
ALC B378 41321, LLC		100
ALC B378 41322, LLC		100
ALC B378 41323, LLC		100
ALC B378 41324, LLC		100
ALC B378 41325, LLC		100
ALC B378 41326, LLC		100
ALC B378 41327, LLC		100
ALC B378 41328, LLC		100
ALC B378 41333, LLC		100
ALC B378 41334, LLC		100
ALC B378 42013, LLC		100
ALC B378 52013, LLC		100
ALC B673 28148, LLC		100
ALC B673 28149, LLC		100
ALC B673 28264, LLC		100
ALC B737 35086, LLC		100
ALC B738 29674, LLC		100
ALC B738 35077, LLC		100
ALC B738 35115, LLC		100
ALC B738 37758, LLC		100
ALC B738 37760, LLC		100
ALC B772 29398, LLC		100
ALC B773 33501, LLC		100
ALC B773 35254, LLC		100
ALC B773 35542, LLC		100
ALC B773 35544, LLC		100
ALC B773 36157, LLC		100
ALC B773 40063, LLC		100
ALC B773 42120, LLC		100
ALC B773 42121, LLC		100
ALC B773 42124, LLC		100
ALC B879 Q1 2018, LLC		100
ALC B879 Q2 2018A, LLC		100
ALC B879 Q2 2018B, LLC		100
ALC B879 Q3 2018A, LLC		100
ALC B879 Q3 2018B, LLC		100
ALC B879 Q4 2017, LLC		100
ALC B879 Q4 2018A, LLC		100
ALC B879 Q4 2018B, LLC		100
ALC CF34 424445, LLC		100
ALC CF34 424502, LLC		100
ALC E175 102012, LLC		100
ALC E175 330, LLC		100
ALC E175 331, LLC		100
ALC E175 333, LLC		100

Name of Company/Jurisdiction of Incorporation or Formation	Percentage of Voting Securities Owned by the Registrant or a Subsidiary of the Registrant
ALC E175 335, LLC		100
ALC E175 340, LLC		100
ALC E175 350, LLC		100
ALC E190 112012, LLC		100
ALC E190 32012A, LLC		100
ALC E190 42012A, LLC		100
ALC E190 468, LLC		100
ALC E190 470, LLC		100
ALC E190 478, LLC		100
ALC E190 479, LLC		100
ALC E190 495, LLC		100
ALC E190 503, LLC		100
ALC E190 506, LLC		100
ALC E190 512, LLC		100
ALC E190 520, LLC		100
ALC E190 52012A, LLC		100
ALC E190 537, LLC		100
ALC E190 541, LLC		100
ALC E190 544, LLC		100
ALC E190 550, LLC		100
ALC E190 581, LLC		100
ALC E190 72012B, LLC		100
ALC E190 92011, LLC		100
ALC E190 ACACIA, LLC		100
ALC E190 ORCHID, LLC		100
ALC G IV, LLC		100
ALC Maillot Jaune Borrower, LLC		100
ALC RB211 13461, LLC		100
ALC RB211 13471, LLC		100
ALC Servicer, LLC		100
ALC Warehouse Borrower, LLC		100
ALECA 1287, LLC		100
ALECA 5026, LLC		100
ALECA 5053, LLC		100
ALECA 5153, LLC		100
ALECA 5156, LLC		100
ALECA 5167, LLC		100
ALECA, LLC		100
Alex 41299, LLC		100
Alex 41300, LLC		100
Alex 41301, LLC		100

QuickLinks

Exhibit 21.1

AIR LEASE CORPORATION AND CONSOLIDATED SUBSIDIARIES SUBSIDIARIES OF THE REGISTRANT