21 Jun 2017

Boeing, Air Lease Corporation Announce Memorandum of Understanding for 12 737 MAXs

SOURCE: Boeing LE BOURGET, France, June 21, 2017 – Boeing (NYSE: BA) and Air Lease Corporation (NYSE: AL) announced a Memorandum of Understanding (MOU) for 12 737 MAXs at the Paris Air Show. The MOU includes five 737 MAX 7s and seven 737 MAX 8s. The agreement will be reflected on the Boeing Orders and Deliveries website once finalized. "With these additional 12 units, ALC's growing 737 MAX order book now stands at 130 aircraft - and we are placing them rapidly,” said John L. Plueger, Chief Executive Officer and President, Air Lease Corporation. “Clearly the 737 MAX family is a winner for us and for our airline customers." ALC was one of the first leasing[...]

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20 Jun 2017

Air Lease Corporation expands CFM LEAP-1A fleet with $725 million order

SOURCE: CFM International LE BOURGET, France —20 June 2017 — Air Lease Corporation (NYSE: AL) today announced that it has selected CFM International’s advanced LEAP-1A engine to power 25 additional Airbus A320neo family aircraft.  CFM values the order at $725 million U.S. at list price.  The engines are for option aircraft previously announced and are scheduled for delivery between 2019 and 2022. “We have been very impressed by what we have seen the LEAP-1A engine do in airline service,” said Steven F. Udvar-Házy, Air Lease Corporation Executive Chairman. “The fuel efficiency, high asset utilization, and world-class support are going to[...]

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19 Jun 2017

ALC inks order for 12 additional A321neo aircraft

SOURCE: Airbus Paris, 19 June 2017 - Air Lease Corporation (NYSE: AL), the Los Angeles based aircraft leasing company has signed a firm order for 12 additional A321neo aircraft at the 52nd Paris International Airshow.
The incremental order takes the number of aircraft which ALC has taken delivery of or ordered from Airbus to 279, of which 70 are widebodies and 209 single-aisles. “The market for A321neos is strong and our customers want more aircraft. This latest order for additional NEOs will fill our customer placement commitments,” said John L. Plueger, Air Lease Corporation’s CEO and President. “The A321neo is delivering substantial fuel burn[...]

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12 Jul 2016

​Boeing, Air Lease Corporation Announce Order for Six 737 MAXs

SOURCE: Boeing ALC’s total number of MAX orders grows to 118 FARNBOROUGH, United Kingdom, July 12, 2016 -- Boeing (NYSE: BA) and Air Lease Corporation (NYSE: AL) announced an order for six 737 MAX 8s at the Farnborough Airshow. Three of the orders are new, and three others were previously attributed to an unidentified customer. At list prices, the total order value is $660 million. “ALC already has lease agreements in place with seven different airlines for 737-8 MAX aircraft out of our Boeing delivery stream, starting in the fourth quarter of 2017," said Steven F. Udvar-Hazy, Executive Chairman of Air Lease Corporation. "The addition of more Boeing 737 MAX in our portfolio[...]

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11 Jul 2016

​ALC increases portfolio with three A350s and one A321

SOURCE: AirbusLessor to meet market demand with more modern and fuel-efficient aircraft
Air Lease Corporation (NYSE: AL), the Los Angeles based aircraft leasing company announced a firm order for three A350-900s and one A321 at the Farnborough Airshow to meet strong market demand for more modern and fuel-efficient aircraft. Including today’s announcement, ALC’s portfolio of Airbus aircraft stands at a total of 267, of which 70 are widebodies (16 A330ceo, 25 A330neo, 24 A350-900, 5 A350-1000) and 197 are single-aisles (30 A320ceo, 22 A320neo, 27 A321ceo, 118 A321neo). “These additional A350 and A321 aircraft were needed to fill ongoing customer lease placements[...]

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15 Jun 2015

ALC boosts portfolio with Airbus widebody & single-aisle aircraft

SOURCE: Airbus

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[...]

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09 Mar 2015

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[...]

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15 Jul 2014

Air Lease Corporation orders 7 additional ATR 72-600s

SOURCE: ATR; July 15, 2014

The U.S. leasing company has placed orders for new ATR 72-600s every year since 2010, for a total of 28 aircraft

On the occasion of the Farnborough Airshow, the European turboprop manufacturer ATR and the leasing company Air Lease Corporation (NYSE: AL) today signed an agreement for the purchase of seven additional ATR 72-600s. Air Lease Corporation (ALC) has purchased ATRs every year since its first contract at Farnborough in 2010. With today’s agreement, ALC now has 28 ATR 72-600s in its portfolio.ATRs are currently operated by over 180 carriers worldwide thanks to their high reliability, comfort, and low operating costs for[...]

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15 Jul 2014

Air Lease Corporation orders CFM LEAP-1A to power A320neos

SOURCE: CFM International; July 15, 2014

Order valued at $520 million U.S.
Has orders for both LEAP-1A and LEAP-1B variants

FARNBOROUGH, England —15 July 2014 — Air Lease Corporation (NYSE: AL) today announced that it has selected CFM International’s advanced LEAP-1A engine to power 20 Airbus A320neo family aircraft. CFM values the order at $520 million U.S. at list price. The aircraft were originally announced in June 2012.

“We think the LEAP-1A-powered A320neo aircraft will be an important part of our portfolio going forward,” said Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer. “The engine has racked up[...]

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15 Jul 2014

Air Lease Corporation places $520 million order for CFM LEAP-1B engines

SOURCE: CFM International; July 15, 2014

Takes total LEAP-1B orders to 208 engines

FARNBOROUGH, England – 15 July 2014 — Air Lease Corporation (NYSE: AL) today announced an order for a total of 40 LEAP-1B engines to power 10 new Boeing 737 MAX 8 aircraft as well as engines for 10 additional MAX 8 aircraft that were part of a previously unidentified order. CFM values the total order at $520 million U.S. at list price.

“We believe the LEAP-1B-powered Boeing 737 MAX 8 aircraft will be a key part of our fleet going forward,” said Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer. “These advanced technology engines[...]

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15 Jul 2014

Boeing, Air Lease Corporation Announce 777-300ER, 737 MAX 8 Order

SOURCE: Boeing; July 15, 2014

ALC has more than 100 737 MAXs on order
Total 777s ordered by ALC leader tops 100

FARNBOROUGH, United Kingdom, July 15, 2014 /PRNewswire/ -- Boeing (NYSE: BA) and Air Lease Corporation (NYSE: AL) announced today an order for 26 airplanes -- six 777-300ER (Extended Range) and reconfirmed 20 737 MAX 8 airplanes, valued at $3.9 billion at current list prices.

This 737 MAX order for 20 airplanes, valued at more than $2 billion at current list prices, brings Air Lease Corporation's combined orders for the 737 MAX to 104 airplanes. The 777-300ER order, valued at more than $1.9 billion at current list prices, marks the 100th 777 order[...]

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14 Jul 2014

Air Lease Corporation signs for 25 A330neo and 60 A321neo

SOURCE: Airbus; July 14, 2014

Leading lessor announces first commitment for A330neo

Air Lease Corporation (ALC), the Los Angeles based aircraft leasing company, has announced a Memorandum of Understanding (MoU) for 25 A330-900neo aircraft, becoming the first launch customer for the new Airbus Widebody. ALC simultaneously announced a firm order for 60 A321neo aircraft. The contract was signed today at the Farnborough International Airshow by Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer and Fabrice Brégier, Airbus President and CEO.

“The recently launched A330neo is a well-suited addition to ALC’s fleet as we[...]

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14 Jul 2014

Air Lease Corporation Selects GEnx Engines for Boeing 787 Dreamliner Fleet

SOURCE: GE Aviation; July 14, 2014

EVENDALE, OH -- Air Lease Corporation (NYSE: AL) selected GEnx-1B engines to power 30 Boeing 787 Dreamliner aircraft. The list price for the engine order is valued at more than $1.4 billion (USD).

"We are pleased to offer these GEnx-1B-powered 787 Dreamliner aircraft to our customers. This engine has demonstrated excellent operational performance and environmental efficiency and will help deliver real advantages to airline operators," said John Poerschke, Senior Vice President of Air Lease Corporation.

"GE Aviation is proud Air Lease Corporation has selected the GEnx engines as an offering for its Boeing 787 Dreamliner fleet,"[...]

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19 Jun 2013

Air Lease Corporation Selects Pratt & Whitney PurePower® Engines for Airbus A320/A321 neo Aircraft

SOURCE: Pratt & Whitney; June 19, 2013

PARIS, June 19, 2013 – Air Lease Corporation (NYSE:AL) has signed a Memorandum of Understanding for Pratt & Whitney PurePower PW1100G-JM engines to power its order of 30 firm A320/A321 neo aircraft. Deliveries are scheduled to start in 2016. Pratt & Whitney is a division of United Technologies Corp. (NYSE:UTX).

“We are pleased to add these Pratt & Whitney PurePower PW1100G-JM-powered Airbus A320/A321 neo aircraft to our portfolio to help airlines continue to grow their fleets with the latest technology and fuel efficient aircraft,” said John Poerschke, Senior Vice President of Air Lease Corporation.

“Pratt &[...]

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18 Jun 2013

Rolls-Royce to Power New Air Lease Corporation Dreamliners

SOURCE: Rolls-Royce; June 18, 2013

LE BOURGET, France, June 18, 2013 -- Rolls-Royce has won an order from Air Lease Corporation (NYSE: AL), worth $160 million at list prices, for Trent 1000 engines to power four Boeing 787-9 Dreamliner aircraft.

The order marks the first Trent 1000 selection by the US aircraft leasing company.

Steven Udvar-Hazy, Chairman and Chief Executive Officer, Air Lease Corporation, said: "This is ALC's first selection of Trent 1000 technology, which will power our 787-9 aircraft. We look forward to receiving these engines, which are demonstrating excellent operational performance and environmental efficiency and will help deliver real[...]

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