Los Angeles, California, August 9, 2012 — Air Lease Corporation (ALC) (NYSE: AL) today announced the results of its operations for the second quarter ended June 30, 2012. Please see the attached PDF for the full earnings release.Read more...
Air Lease Corporation and The Boeing Company to Ring NYSE Opening Bell Remotely from the Farnborough International Airshow in the UK
On Monday, July 9, 2012, Los Angeles-based Air Lease Corporation (NYSE: AL) and The Boeing Company (NYSE: BA) will commemorate an order for 75 737 MAX aircraft by ringing the NYSE Opening Bell remotely from the Farnborough International Air Show, the year's premier global aviation event. This marks the first time the bell has ever been rung from the UK.
Air Lease Corporation Chairman and CEO Steven F. Udvar-Házy and President and COO John L. Plueger with Boeing Commercial Airplanes President and CEO Raymond Conner will ring the bell alongside members of both company's management teams.
Earlier today ALC announced a firm[...]
- Order helps establish the 737 MAX in the leasing market
- Reconfirmation rights for 25 more 737 MAX airplanes
FARNBOROUGH, United Kingdom, July 9, 2012 /PRNewswire/ -- Boeing (NYSE: BA) and Air Lease Corporation (NYSE: AL) announced today a firm order for 60 737 MAX 8 and 15 737 MAX 9 airplanes, with reconfirmation rights for 25 additional 737 MAXs. The order, with a list-price value of $7.2 billion, represents the first 737 MAX order by a leasing company.
"The 737 MAX is an excellent addition to our portfolio and the ideal complement to our growing fleet of Next-Generation 737-800s," said Steven Udvar-Hazy, chairman and CEO of[...]
LOS ANGELES, July 2, 2012 -- Air Lease Corporation will host a conference call on August 9, 2012 at 4:30 PM Eastern Time to discuss the Company's second quarter financial results for 2012.
Investors can participate in the conference call by dialing (800) 561-2813 domestic or (617) 614-3529 international. The passcode for the call is 19299077.
For your convenience, the conference call can be replayed in its entirety beginning at 6:30 PM ET on August 9, 2012 until 11:59 PM ET August 16, 2012. 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 99860547.
LOS ANGELES, California, June 13, 2012 — Air Lease Corporation (NYSE: AL) announced today its acquisition of one 2009 Boeing 777-300ER on lease through 2022 to Cathay Pacific Airways, a new customer for ALC.
“We are delighted to announce our first lease transaction with Cathay Pacific Airways, one of the world's preeminent airlines. This is an incremental transaction for ALC in 2012 that is perfectly in line with our growth plan.” said John L. Plueger, President & Chief Operating Officer of ALC.
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation[...]
Clear lessor endorsement for the A321, the largest A320 Family member
Air Lease Corporation (ALC), the Los Angeles based aircraft leasing company, signed a firm contract for 36 A320neo Family aircraft, 20 of which will be of the larger A321neo model in line with the market trend towards larger aircraft across all market segments, plus 14 options.
This firm contract follows the Memorandum of Understanding (MoU) signed at the 2011 Paris Le Bourget Airshow. Engine selection for the aircraft will be made at a later date. With this new order, ALC’s cumulative orders for new Airbus aircraft will reach 100 (50 A320 Family, 36 A320neo[...]
LOS ANGELES, California, June 5, 2012 — Air Lease Corporation (NYSE: AL) announced today that it has entered into lease agreements with China Southern for 18 new jet aircraft from ALC’s orderbook delivering in 2013, 2014, and 2015. The aircraft include twelve (12) new Boeing 737-800s, four (4) new Airbus A320-200s, and two (2) new Airbus A321-200s, all of which are signed on 12-year lease terms.
“This 18 aircraft transaction with China Southern is ALC’s largest single lease placement to date. We are pleased to grow our relationship with one of the premier airlines in China and a long term strategic customer for ALC,” said Jie Chen, Air Lease Corporation’s[...]
SOURCE: Boeing- Next-Generation 737-800 to be cornerstone of ALC’s fleet portfolio- Airplane to be operated by Korean AirSEATTLE, June 4, 2012 – Boeing [NYSE: BA] celebrated today its first new airplane delivery to Air Lease Corporation (ALC) from their order placed during the 2010 Farnborough Air Show. The Los Angeles-based leasing company took delivery of a Next-Generation 737-800, which will be leased from ALC and operated by Korean Air."This delivery is another major step in ALC’s mission to help our airline clients modernize and grow their fleets," said John L. Plueger, President and Chief Operating Officer of Air Lease Corporation. "The Boeing Next-Generation 737-800 is[...]Read more...
LOS ANGELES, California, May 30, 2012 — Air Lease Corporation (NYSE: AL) announced today that it has entered into 12 year long term lease agreements with Air China for 13 new jet aircraft delivering in 2013 and 2014 which consist of nine (9) new Boeing 737-800s and four (4) new Airbus A321-200s. This is one of ALC’s largest lease placements and validates ALC’s strong airline market presence in Asia.“We have worked closely with the management of Air China to provide new and efficient aircraft to optimize their future fleet. Our deal with Air China demonstrates that our airline customers value ALC as an advisor and resource when planning the growth and replacement of their[...]Read more...
Los Angeles, California, May 14, 2012 — Air Lease Corporation (ALC) (NYSE: AL) today announced the results of its operations for the first quarter ended March 31, 2012. Please see the attached PDF for the full earnings release.Read more...
Air Lease Corporation Announces Closing of an Unsecured Revolving Credit Facility in Excess of $850 Million Priced at LIBOR +1.75%
LOS ANGELES, California, May 7, 2012 — Air Lease Corporation (NYSE: AL) announced today the closing of a three year, unsecured revolving credit facility in excess of $850 million priced at LIBOR +1.75%, with no LIBOR floor. This facility was arranged by 6 joint lead arrangers and joint bookrunners, including J.P. Morgan Securities, Citigroup Global Markets, RBC Capital Markets, BMO Capital Markets, Commonwealth Bank of Australia, and Wells Fargo Securities. With the closing of this facility, ALC has now raised over $1.2 billion in unsecured bank financing.“ALC is pleased to announce the closing of our first syndicated unsecured revolving credit facility. We are grateful for the[...]Read more...
Air Lease Corporation Announces Additional Aircraft Purchases and Lease Placements Including its First Boeing 787-9 Lease Transaction
LOS ANGELES, California, April 30, 2012 — Air Lease Corporation (NYSE: AL) announced today the following transactions covering 11 twin aisle aircraft and two single aisle aircraft including:
• The purchase of eight new Boeing 787-9 aircraft for lease to Vietnam Airlines. Deliveries of the eight 787-9 "Dreamliner" aircraft are scheduled for 2017 and 2018. This transaction marks ALC's longest lead time for a lease placement to date.
• The purchase from Macquarie Aviation of one B777-300ER on long term lease to Emirates (a new customer for ALC).
• One incremental A330-200 on long term lease to KLM delivering in 2013.
• One A330-300 from the ALC[...]
LOS ANGELES, April 27, 2012 -- Air Lease Corporation will host a conference call on May 14, 2012 at 4:30 PM Eastern Time to discuss the Company's first quarter financial results for 2012.
Investors can participate in the conference call by dialing (800) 798-2884 domestic or (617) 614-6207 international. The passcode for the call is 26561148.
For your convenience, the conference call can be replayed in its entirety beginning at 6:30 PM ET on May 14, 2012 until 11:59 PM ET May 21, 2012. 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 13474216.
LOS ANGELES, California, April 24, 2012 — Air Lease Corporation today made the following statement:
Since Air Lease Corporation’s founding in 2010, it has experienced terrific success in the marketplace and among investors. In contrast, following AIG’s financial collapse, its subsidiary International Lease Finance Corporation has struggled with an aging fleet, heavy debt load, and loss of talent, and has failed to complete a planned IPO. Unable to compete effectively and perceiving Air Lease as a growing threat, AIG/ILFC has now resorted to a baseless trade secrets lawsuit that Air Lease will vigorously contest and defeat. And while AIG/ILFC wastes its time in court, Air[...]
LOS ANGELES, California, March 16, 2012 — Air Lease Corporation (NYSE: AL) (the “Company”) today announced the closing of its previously announced offering of $1.0 billion aggregate principal amount of 5.625% senior unsecured notes due 2017 (the “Notes”). Due to market demand, the offering was upsized to $1.0 billion from a previously announced offering size of $500 million. The Notes were sold in an offering exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), only to qualified institutional buyers and non-U.S. persons outside of the United States in reliance upon Rule 144A and Regulation S, respectively, under the Securities[...]Read more...