LOS ANGELES, September 2, 2016 – Air Lease Corporation (NYSE: AL) is correcting an erroneous media report published this week that Steven Udvar-Házy, the Executive Chairman of the Board of Air Lease Corporation retired on September 1, 2016. As reported on June 17, 2016, the company announced that Mr. Udvar-Házy would become Executive Chairman of the Board on July 1, 2016, a full-time officer role. Since July 1, 2016, Mr. Udvar-Házy, the founder of the Company and a large shareholder, has been and continues to serve in his full-time role as Executive Chairman of the Board. About Air Lease Corporation (NYSE: AL) ALC is a leading aircraft leasing company based in Los[...]Read more...
Air Lease Corporation Board Names John L. Plueger Next CEO and President, Steven Udvar-Házy to continue with the Company as Executive Chairman and Gregory Willis elevated to Executive Vice President and Chief Financial Officer
LOS ANGELES, California, June 17, 2016 — Air Lease Corporation (NYSE: AL) announced today that its Board of Directors has appointed John L. Plueger as Chief Executive Officer and President effective July 1, 2016. Steven Udvar-Házy will assume the role of Executive Chairman of the Board on July 1, 2016, a full-time officer role. “On behalf of the Board of Directors, I thank Steve for his extraordinary leadership of ALC as its founder, Chairman, and Chief Executive Officer,” said Robert Milton, ALC’s Lead Director. “Steve started ALC in February 2010, and as a result of his vision and guidance, the company today owns and manages 268 young and in-demand jet aircraft on[...]Read more...
LOS ANGELES, June 6, 2016 - Air Lease Corporation (NYSE: AL) announced an agreement to sell 25 of its Embraer E190 and E175 aircraft in its fleet to Nordic Aviation Capital A/S (“NAC”). These Embraer aircraft have served ALC’s customers well, fulfilling regional passenger traffic demand. Over the past six years, ALC’s business has matured and has focused on mainline jet aircraft operations for its airline customers. NAC is a global leader specializing in meeting the needs of regional aircraft operators and this transaction adds further scale to its business. These 25 Embraer aircraft account for less than 10% of ALC’s current fleet. Transfers of these aircraft to NAC[...]Read more...
LOS ANGELES, December 23, 2015 - Air Lease Corporation (NYSE: AL) announced the sale of 25 ATR aircraft in its fleet to Nordic Aviation Capital A/S (“NAC”). These ATR aircraft have served ALC well in meeting the demand from airline customers operating shorter sector lengths. As the business has matured, ALC has focused more on its mainline jet aircraft operations with these turboprop aircraft now accounting for less than 5% of the current fleet. NAC is a global leader specializing in meeting the needs of ATR turboprop operators and this transaction adds further scale to their business. ALC anticipates that a majority of aircraft transfers will occur during the first half of[...]Read more...
LOS ANGELES, California, January 12, 2014 — Today Air Lease Corporation (NYSE: AL) announced that, pursuant to long term lease agreements, ALC will deliver eight (8) new Boeing 777-300ER widebody aircraft to six (6) different airlines in 2015, all from ALC's order book with Boeing (NYSE: BA).
The following airlines are scheduled to take delivery of these new ALC Boeing 777-300ERs in 2015: Air France (1), Emirates (1), Korean Air (2), EVA Air (1), KLM (1), and Ethiopian Airlines (2).
In 2014, ALC delivered five (5) new Boeing 777-300ER aircraft on long term lease including two (2) to British Airways, two (2) to Air New Zealand and one (1) to Etihad[...]
LOS ANGELES, California, May 12, 2014 — Today Air Lease Corporation (NYSE: AL) announced its owned aircraft fleet has reached 200 aircraft. The milestone was achieved late last week, when Air Lease simultaneously delivered three new aircraft to three different lessees in three international cities on the same day.
On Friday, May 9th, a new Boeing 737-800 was delivered to MIAT Mongolian Airlines in Seattle, Washington; a new Airbus A321 was delivered to Thomas Cook Airlines in Hamburg, Germany; and a new ATR 72-600 was delivered to Golden Myanmar Airways in Toulouse, France. These aircraft were all from ALC’s order book, and are all on long term leases with these[...]
LOS ANGELES, California, May 7, 2014 — Today Air Lease Corporation (NYSE: AL) announced the election of a new independent director to its Board of Directors (the “ALC Board”) at the company’s annual meeting of stockholders. Marshall O. Larsen was elected to the ALC Board along with the seven currently serving members. Mr. Larsen also will serve on the ALC Board’s nominating and corporate governance committee.
“Marshall Larsen is an outstanding addition to our esteemed Board of Directors. His distinguished career leading Goodrich Corporation has given him a unique insight into the aerospace industry that will benefit our company and shareholders[...]
Air Lease Corporation Announces the Election of a New Independent Director and the Retirement of Three Directors
LOS ANGELES, California, December 13, 2013 — Today Air Lease Corporation (NYSE: AL) announced the election of a new independent director to its Board of Directors (the “ALC Board”). After conducting a thorough search process led by the nominating and governance committee of the ALC Board, Cheryl Gordon Krongard was unanimously elected to the ALC Board by the current directors effective immediately. Ms. Krongard also will serve on the ALC Board’s Compensation Committee.
“We are pleased to welcome Cheryl Krongard to our esteemed Board of Directors. Her outstanding reputation combined with her finance and aviation experience will benefit our company and[...]