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[...]
LE BOURGET, France, June 20, 2011 /PRNewswire/ -- Boeing (NYSE: BA) announced today at the Paris Air Show that Air Lease Corporation (ALC) will purchase up to 33 airplanes. The agreement calls for 14 firm orders and four options for Next-Generation 737-800s, as well as five 777-300ERs (Extended Range) and four 787-9 Dreamliners. ALC also agrees to exercise options on six airplanes from last year's 60 737-800 order.
Boeing looks forward to finalizing the details of the agreement, at which time it will be posted to the Boeing Orders & Deliveries website.
"We continue to build the foundation of our growing commercial lease fleet with[...]
LOS ANGELES, CA, June 15, 2011 — Air Lease Corporation (ALC) is set to join the U.S. broad-market Russell 3000 Index when Russell Investments reconstitutes its U.S. and global equity indexes on June 24, according to the preliminary list of additions posted June 10 on www.russell.com/indexes. The Russell 3000 Index specifically measures the performance of the largest 3,000 U.S. companies, determined primarily by objective, market-capitalization rankings and style attributes.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $3.9[...]
LOS ANGELES, CA, June 13, 2011 – Air Lease Corporation (ALC) announced today that it has signed lease agreements for 25 additional aircraft.
“ALC is focused on providing innovative fleet solutions for airlines around the world. We are proud to offer a young fleet of aircraft that maximizes operating efficiencies for each customer’s unique needs,” said Kishore Korde, Senior Vice President of ALC.
TRIP Linhas Aereas (Brazil) and ALC have entered into long term lease agreements for six new ATR 72-600s and six new Embraer 190LRs, delivering between July 2011 and October 2012.
ALC is leasing four new Embraer 190s to Bulgaria Air. Deliveries are[...]
LOS ANGELES, CA, June 7, 2011 – Air Lease Corporation (ALC) announced today that it has issued $120 Million in Senior Unsecured Notes in a private placement to institutional investors. The notes contain a 5% coupon for a 5-year term with a maturity of June 6, 2016.
“The issuance of these notes sends a strong signal from the investment community about ALC’s stated goal of tapping unsecured financing to fund our future fleet acquisitions,” said Jim Clarke, Senior Vice President and Chief Financial Officer of ALC.
The issuance constitutes the first time ALC has obtained long term unsecured financing under the SEC’s Regulation D in a private placement to[...]
LOS ANGELES, CA, June 1, 2011 – Air Lease Corporation (ALC) announced today that it has signed lease agreements for 20 additional aircraft.
“The placements of these aircraft allow us to expand the global footprint of our fleet. We continue to strengthen longstanding relationships with our airline partners along with building new affiliations for ALC,” said Marc Baer, Executive Vice President of Air Lease Corporation.
ALC is leasing 10 new aircraft to Alitalia, consisting of five Embraer 175’s, and five Embraer 190LR’s under 12 year leases.
ALC and SriLankan Airlines have entered into lease agreements for three new A320-200’s, one of[...]