Leading lessor signs for one A350-900 & four A320 Family aircraft
June 15, 2015 — Today at the 51st International Paris Air Show, Air Lease Corporation (NYSE: AL), the Los Angeles based aircraft leasing company, announced a firm order for additional Airbus widebody and single-aisle aircraft (1 A350-900, 1 A321ceo and 3 A320ceo*) to meet strong market demand for Airbus’ modern, fuel-efficient aircraft.
Including today’s announcement, ALC’s fast growing portfolio of Airbus aircraft stands at a total of 262, of which 66 are widebodies (15 A330ceo, 25 A330neo, 21 A350-900, 5 A350-1000) and 196 are single-aisles (30 A320ceo, 31 A320neo, 26[...]
Air Lease Corporation Announces Lease Placements of Three New Boeing 737-800 Aircraft with China Eastern Airlines
LOS ANGELES, California, June 10, 2015 — Today Air Lease Corporation (NYSE: AL) announced long term lease agreements with China Eastern Airlines for three new Boeing 737-800 aircraft. The aircraft are from ALC’s order book with Boeing and are scheduled for delivery in 2016.
“We have worked closely with China Eastern Airlines’ management team to develop long term jet aircraft leasing programs to optimize their fleet. The airline has already leased 15 new Airbus and Boeing jets from ALC, all of which have been delivered to the airline. The three additional 737-800s announced today bring the total to eighteen aircraft, demonstrating the importance of this continued[...]
Air Lease Corporation Announces Amendment and Extension of $2.66 Billion Senior Unsecured Revolving Credit Facility
LOS ANGELES, California, June 1, 2015 — Today Air Lease Corporation (the “Company”) amended and extended its four-year unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent and the lenders named therein (as amended, the “Syndicated Unsecured Revolving Credit Facility”) whereby the Company extended the maturity date from May 5, 2018 to May 5, 2019 and increased the revolving commitments thereunder by an additional $350 million. The Syndicated Unsecured Revolving Credit Facility remains priced at LIBOR plus 125 basis points with a 25 basis point facility fee, subject to reductions based on improvements in the Company’s credit ratings.[...]Read more...
SOURCE: Wizz Air
Budapest, May 20, 2015: Wizz Air, the largest low-cost airline in Central and Eastern Europe, announced today its first lease agreement with Air Lease Corporation (NYSE: AL) for one Airbus A320 to be delivered in July, planned to be the 63rd A320 aircraft in Wizz Air’s fleet. Terms of the agreement were not announced.
“We are excited to begin a new relationship with ALC due in part to the company’s outstanding reputation and portfolio, and also because its founder, Steven F. Udvar-Hazy, is originally from Budapest, the home city of our airline,” said József Váradi, Wizz Air CEO. “This makes our new agreement particularly meaningful to all[...]
LOS ANGELES, California, May 21, 2015 — Today Air Lease Corporation (NYSE: AL) announced the delivery of one new Airbus A321-200 on long term lease to Sichuan Airlines (China), marking the operator’s 100th airplane in their current fleet. The aircraft, outfitted with Sharklets and powered by IAE V2533 engines, is from ALC’s order book with Airbus. The delivery supplements numerous Airbus A330, A321 and A319 aircraft already on lease to Sichuan by ALC.
“We are proud of being able to contribute to Sichuan Airlines’ growth in the past, and we are privileged to deliver Sichuan Airlines’ 100th aircraft to them today. We appreciate the great relationship with the[...]
Air Lease Corporation Announces the Lease Placement of Two New Boeing 787-9 Aircraft with Hainan Airlines
LOS ANGELES, California, May 11, 2015 — Today Air Lease Corporation (NYSE: AL) announced long term lease agreements with Hainan Airlines for two new Boeing 787-9 aircraft, both from ALC’s order book with Boeing. ALC has ordered 46 new Boeing 787-9 and 787-10 aircraft in total for deliveries beginning in spring 2016.
"We are pleased to announce that the first of these two new Boeing 787-9s leased to Hainan Airlines will be ALC’s very first Boeing 787-9 delivery. As the longest-range wide-body aircraft in Hainan’s fleet, these 787-9s will offer additional range and capacity capabilities beyond the airline’s Boeing 787-8 aircraft already in operation. This placement[...]
Los Angeles, California, May 7, 2015 — Air Lease Corporation (ALC) (NYSE: AL) announced today financial results for the three months ended March 31, 2015. The PDF file containing the full earnings release is available for download at www.airleasecorp.com/press.Read more...
Air Lease Corporation Announces the Lease Placement of One Additional New Airbus A321-200 CEO with Volaris
LOS ANGELES, California, May 4, 2015 — Today Air Lease Corporation (NYSE: AL) announced a long term lease agreement with Volaris (NYSE: VLRS and BMV: VOLAR) the ultra-low-cost airline serving Mexico and the United States, for one additional new Airbus A321-200 CEO aircraft with Sharklets powered by IAE V2533-A5 engines. This aircraft is from ALC’s order book with Airbus and scheduled for delivery in spring 2016.
"This marks our third new A321-200 placed on long term lease with Volaris and we're very proud to be expanding our relationship with such a leading airline. The A321-200 is well suited to Volaris’ growth plans and is indicative of the solid demand we see for[...]
LOS ANGELES, California, April 27, 2015 — Today Air Lease Corporation (NYSE: AL) announced the delivery one Boeing 737-800 NG aircraft (MSN 30286) to Belavia (Belarus) on long term lease from ALC. The delivery of the aircraft, which was formerly on lease from ALC to Air Berlin, occurred on April 22, 2015.
“We are extremely pleased to continue our long-standing relationship with Belavia, and look forward to furthering the expansion of their aircraft fleet and operations,” said Steven F. Udvar-Házy, Chairman and Chief Executive Officer of Air Lease Corporation.
This press release contains forward-looking statements within the[...]
LOS ANGELES, California, April 15, 2015 — Today Air Lease Corporation (NYSE: AL) announced a long term lease agreement with Aeromexico for one new Boeing 787-9 aircraft. This aircraft is from ALC’s order book with Boeing and is scheduled for delivery in fall 2016.
“We are pleased to announce the placement of this Boeing 787-9 to Aeromexico, which will provide Mexico's global airline with a very modern, new-technology long range aircraft product. The combination of range capability and passenger capacity makes this plane an optimal choice for their fleet many years into the future,” said Steven F. Udvar-Hazy, Chairman and CEO of Air Lease Corporation.
LOS ANGELES, April 7, 2015 -- Air Lease Corporation will host a conference call on May 7, 2015 at 4:30 PM Eastern Time to discuss the Company's financial results for the first quarter of 2015.
Investors can participate in the conference call by dialing (866) 953-6859 domestic or (617) 399-3483 international. The passcode for the call is 61802562.
The conference call will also be broadcast live through a link on the Investor Relations page of the Air Lease Corporation website at www.airleasecorp.com. Please visit the website at least 15 minutes prior to the call to register, download and install any necessary audio software. A replay of the broadcast will be available[...]
LOS ANGELES, California, March 19, 2015 — Today Air Lease Corporation (NYSE: AL) announced long term lease agreements with Air Austral for two new Boeing 777-300ER aircraft. Both aircraft are from ALC’s order book with Boeing and are scheduled to deliver in the fall of 2016.
“We are delighted to lease two more new 777-300ERs to Air Austral, a long-time customer of ALC. Our management team has a great relationship with Air Austral and we are happy to support the renewal of their twin-aisle fleet with the addition of these modern, fuel-efficient aircraft,” said Marc Baer, Executive Vice President of Air Lease Corporation.
ALC firms up order for 55 Airbus aircraft: Signals strong demand for Airbus’ latest A330neo and A321LR models
SOURCE: Airbus; March 9, 2015
Air Lease Corporation (ALC), the Los Angeles based aircraft leasing company, has firmed up its order for 55 Airbus aircraft, comprising 25 A330-900neo and 30 A321LR - the very latest members of Airbus’ modern, fuel-efficient aircraft family.
ALC was first to sign up for the newest member of Airbus’ market leading widebody family, the A330neo, announcing a commitment for 25 A330-900neo during the launch at the 2014 Farnborough International Airshow. ALC was also the first to commit to the A321LR, the newest variant of the A321neo, after signing a Memorandum of Understanding for 30 at the launch in January 2015, increasing its[...]
Air Lease Corporation Announces the Delivery of a New Boeing 777-300ER to Emirates and an Airbus A321-200 to Iberia
LOS ANGELES, California, March 9, 2015 — Today Air Lease Corporation (NYSE: AL) announced the delivery of one new Boeing 777-300ER to Emirates, and one Airbus A321-200 (MSN 2270) to Iberia (Spain).
“The strength of our order book combined with our ability to identify and execute aircraft acquisitions will drive long term growth at ALC. We are very pleased to see this strategy unfold as we deliver this 777-300ER to our long term customer Emirates, and also this A321-200 to our new customer Iberia,” said Gregory B. Willis, Senior Vice President and CFO of ALC.
This press release contains forward-looking statements within the[...]
Air Lease Corporation Announces the Lease Placement of Two New Boeing 737 MAX 8 Aircraft with Travel Service
LOS ANGELES, California, March 4, 2015 — Today Air Lease Corporation (NYSE: AL) announced long term lease agreements with Travel Service (Czech Republic) for two new Boeing 737 MAX 8 aircraft. Both aircraft are from ALC’s order book with Boeing and scheduled for delivery in spring 2018 and 2019.
“We have an excellent relationship with Travel Service, the Czech Republic’s largest airline, and are pleased with the opportunity to expand and modernize their jet fleet with these MAX aircraft. New technologies in the MAX 8 aircraft bring efficiency and passenger comfort that will further Travel Service’s competitive edge in the European markets they serve,” said Alex[...]