LOS ANGELES, California, November 16, 2011 — Air Lease Corporation (NYSE: AL) (the “Company”) today announced the pricing of its offering of $200 million aggregate principal amount of 3.875% convertible senior notes due 2018 (the “Notes”) in an offering exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). The Notes are being sold only to qualified institutional buyers in reliance upon Rule 144A under the Securities Act. The initial sale of the Notes is expected to close on November 21, 2011, subject to satisfaction of customary closing conditions.The Notes will be senior unsecured obligations of the Company and will bear[...]Read more...
Los Angeles, California, November 10, 2011 — Air Lease Corporation (ALC) (NYSE: AL) today announced the results of its operations for the third quarter ended September 30, 2011. Please see the attached PDF for the full earnings release.[...]Read more...
LOS ANGELES, CA, November 2, 2011 — Earlier today, Air Lease Corporation (ALC) concluded delivery of its first ATR 72-600, on lease to Brazil’s TRIP Linhas Aéreas. This marks the 90th aircraft in ALC’s fleet since the company’s inception in February 2010. ALC’s fleet includes aircraft manufactured by Boeing, Airbus, Embraer, and ATR, which are leased to 52 airlines around the world.“We are pleased to announce that ALC has reached another milestone today in acquiring our 90th aircraft. Our pipeline continues to drive a steady pace of deliveries as we push towards our target of 100 aircraft by year end,” said John L. Plueger, President and Chief Operating Officer of[...]Read more...
LOS ANGELES, CA, October 17, 2011 — Air Lease Corporation (ALC) announces continuing lease placements and acquisitions of 12 additional aircraft.
“ALC remains focused on growing our global customer base by providing customized fleet planning solutions for each of our airline partners. These lease placements illustrate our continued progress towards achieving ALC’s goal of 100 aircraft in our fleet by the end of 2011,” said Marc Baer, Executive Vice President of ALC.
ALC has concluded the following lease placements from its order book:
• One new Airbus A330-300 leased to Asiana Airlines (Korea).
• Two new Boeing 737-800s (MSNs 41299 and[...]
LOS ANGELES, October 14, 2011 -- Air Lease Corporation will host a conference call on November 10, 2011 at 4:30 PM Eastern Time to discuss the Company's financial results for the third quarter of 2011.
Investors can participate in the conference call by dialing (866) 383-8003 domestic or (617) 597-5330 international. The passcode for the call is 39948334.
For your convenience, the conference call can be replayed in its entirety beginning at 7:30 PM ET on November 10, 2011 until 11:59 PM ET November 17, 2011. If you wish to listen to the replay of this conference call, please dial (888) 286-8010 domestic or (617) 801-6888 international and enter passcode[...]
Source: ATR Toulouse, 29 September 2011: US-based aircraft lessor Air Lease Corporation (ALC) has ordered 2 new ATR 72-600 regional turboprop aircraft. ALC already booked an order in 2010 for 10 ATR 72-600s, plus options for 10 additional aircraft. Today’s contract is the conversion of two of these ten options. The two aircraft are valued at a list price of US$ 45 million. Deliveries of these two ATR 72-600s to ALC will occur in the spring of 2013.“ALC has successfully placed the 10 aircraft from our initial order at Farnborough last year and we are pleased to continue to offer the ATR 72-600 turboprop as part of our aircraft portfolio,” said Steven F. Udvar-Hazy, Chairman[...]Read more...
LOS ANGELES, CA, September 21, 2011 — Air Lease Corporation (ALC) is pleased to announce the additions of three Vice Presidents to its executive team – Chi Yan, Michael Bai, and Jenny Van Le."Michael Bai and Chi Yan add tremendous talent and depth to ALC's marketing efforts in China and Asia, and Jenny Van Le brings superb experience and expertise in financing and leasing to ALC's legal department. Collectively, these executives bring 27 years of experience in aircraft leasing from ILFC to the executive ranks at ALC. We are delighted they sought to join our growing team," said Grant Levy, ALC's Executive Vice President.Forward-Looking Statements: This press release may contain[...]Read more...
LOS ANGELES, CA, August 22, 2011 — Air Lease Corporation (ALC) announced continuing lease placements and acquisitions of 12 additional Boeing Next-Generation 737 aircraft.
“These lease placements and acquisitions are important steps in achieving our balanced fleet growth plan. ALC will continue to build the depth and global diversity of our 737-700/800 customer base,” said John L. Plueger, President and Chief Operating Officer of ALC.
ALC and XL Airways Germany signed a long term lease for ALC’s Boeing 737-800 (MSN 32920), currently on lease to Air Berlin, for delivery in March 2012.
In addition, ALC has acquired the following 11[...]
Boeing, Air Lease Corporation Finalize Order for 737-800s and 777-300ERs: Order has list-price value of $2.5 billion
SEATTLE, Aug. 15, 2011 – Boeing [NYSE: BA] and Air Lease Corporation (ALC) have finalized an order for 14 Next-Generation 737-800s, with options for four more, and five 777-300ER (extended range) airplanes. It was previously posted on the Boeing Orders & Deliveries website, attributed to an unidentified customer.
The order marks the completion of part of an agreement announced during the Paris Air Show in June. At list prices, the order is valued at $2.5 billion.
"This order for Next-Generation 737-800s and 777-300ERs is a key building block in the foundation of our growing commercial leasing fleet,” said Steven F. Udvar-Hazy,[...]
Los Angeles, California, August 11, 2011 — Air Lease Corporation (ALC) (NYSE: AL) today announced the results of its operations for the second quarter ended June 30, 2011. Please see the attached PDF for the full earnings release.[...]Read more...
LOS ANGELES, August 1, 2011 -- Air Lease Corporation will host a conference call on August 11, 2011 at 4:30 PM Eastern Time to discuss the Company's financial results for the second quarter of 2011.
Investors can participate in the conference call by dialing 1-800-798-2796 domestic or 1-617-614-6204 international. The passcode for the call is 11523124.
For your convenience, the conference call can be replayed in its entirety beginning at 7:30 PM ET on August 11, 2011 until 11:59 PM ET August 12, 2011. If you wish to listen to the replay of this conference call, please dial 1-888-286-8010 domestic or 1-617-801-6888 international and enter passcode 61067132.
LOS ANGELES, CA, August 1, 2011 — Air Lease Corporation (ALC) has delivered its first new Embraer aircraft from the direct order placed at the Farnborough International Air-Show in 2010. This is ALC’s first of six CF34-10E7-powered E190s leased to TRIP Linhas Aéreas.
“The strength of our order book containing modern, fuel efficient aircraft and key delivery positions will drive long term growth at ALC. We are very pleased to see this strategy unfold, as we deliver the first E190 from our order book to TRIP, Brazil’s largest regional airline. We look forward to continuing our long term partnerships with both Embraer and TRIP.” said Steven F. Udvar-Hazy,[...]
LOS ANGELES, CA, July 12, 2011 — Thomas Cook Airlines Limited, based in the U.K., has signed long term lease agreements with Air Lease Corporation (ALC) for six new Airbus A321-200s. These aircraft are from ALC’s order book from Airbus.“We are delighted to include Thomas Cook as a key member of our growing customer base. Our management team has a long-standing relationship with the group and we are happy to support the renewal of their single-aisle fleet including A321-200s with sharklets. This decision will benefit Thomas Cook for years to come,” said Marc Baer, Executive Vice President of ALC.The A321-200s are equipped with CFM56-B3/3 engines. Two of the aircraft will[...]Read more...
SOURCE: Embraer New order brings its E-Jets portfolio to 30 aircraftSão José dos Campos, June 20, 2011 – Embraer announced an amendment, today, to its original sales contract with Air Lease Corporation signed after the Farnborough Air Show last year. The original contract covered 15 firm EMBRAER 190s plus 5 options. Air Lease exercised the 5 options, subsequently added other 5 aircraft, and is now adding 5 additional firm E190s, bringing its current contract with Embraer to 30 E-Jets, being 25 E190s and 5 E175s.Sales of Embraer E-Jets have surpassed the milestone of 1,000 firm orders. The aircraft have been selected by 60 customers in 40 countries. With more than 750 deliveries[...]Read more...
Airbus Statement on Air Lease Corporation Agreement for up to 50 A320neo Family Aircraft, 11 A330 Family Aircraft and one A321
SOURCE: Airbus; June 20, 2011
Air Lease Corporation (ALC), the Los Angeles based aircraft leasing company has opted to expand its single-aisle and wide-body fleet portfolio with modern, eco-efficient Airbus aircraft. ALC signed a Memorandum of Understanding (MoU) at the 49th Le Bourget Airshow for 50 A320neo Family aircraft including 14 options. The agreement was signed today by Steven F. Udvar-Hazy, ALC Chairman and John Leahy, Airbus Chief Operating Officer, Customers. ALC also announced orders for the acquisition of eleven A330 Family aircraft and one A321.
“This new order enables ALC to continue to offer its customers the most fuel efficient aircraft in[...]