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[...]
Los Angeles, California, May 16, 2011 — Air Lease Corporation (ALC) (NYSE: AL) today announced the results of its operations for the first quarter ended March 31, 2011. Please see the attached PDF for the full earnings release.[...]Read more...
LOS ANGELES, CA, May 9, 2011 – Air Lease Corporation (ALC) announced today that it has signed lease agreements for 10 additional twin-aisle aircraft.“These twin-aisle lease placements fit ALC’s growth plan which includes broadening our global customer base and fleet with a prudent, measured quantity of new or young high demand A330-200/300 and 777-300ER twin-aisle aircraft,” said John L. Plueger, President and Chief Operating Officer of Air Lease Corporation.The Airbus A330-200, A330-300, and Boeing 777-300ER aircraft were placed as follows: ALC and Vietnam Airlines have entered into lease agreements through 2019 covering two new A330-200’s delivering in October and[...]Read more...
Air Astana Leased a Used Airbus A320-200 and Two New Embraer 190 Aircraft from Air Lease Corporation
LOS ANGELES, CA, May 5, 2011 – Air Astana, the national airline of Kazakhstan, leased a used A320-200 (MSN 3141) and two new Embraer 190 aircraft from Air Lease Corporation.
“We have a long history and an excellent relationship with Air Astana, and we are pleased with the opportunity to expand and modernize their jet fleet,” said Alex Khatibi, Executive Vice President of Air Lease Corporation.
The A320 is equipped with V2500 engines, and the two Embraer 190’s will deliver in October 2011 and April 2012 on 8-year leases.
About Air Lease Corporation (NYSE: AL)
Launched in 2010, Air Lease Corporation (ALC) is an aircraft leasing company[...]
LOS ANGELES, May 5, 2011 -- Air Lease Corporation will host a conference call on May 16, 2011 at 5:30 PM Eastern Time to discuss the Company's financial results for the first quarter of 2011.Investors can participate in the conference call by dialing 1-888-679-8034 domestic or 1-617-213-4847 international. The passcode for the call is 16067072.For your convenience, the conference call can be replayed in its entirety beginning at 8:30 PM ET on May 16, 2011 until 11:59 PM ET May 17, 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 79032262.The conference call will also be[...]Read more...
LOS ANGELES, CA, May 2, 2011 – Air Lease Corporation (ALC) announced today that it has signed lease agreements for 29 aircraft with Asia-region airlines. The aircraft were signed with customers including China Eastern, China Southern, Air China, Asiana, Garuda, MIAT Mongolian, and Orient Thai Airlines.
In the largest single lease placement to date in ALC's history, China Eastern Airlines and ALC have entered into long term lease agreements for 10 new A320-200’s and five new B737-800’s, for deliveries in 2012 and 2013. ALC will also acquire from China Eastern three Boeing 767-300ER aircraft, two of which have been placed under lease with MIAT Mongolian for delivery[...]
LOS ANGELES, CA, April 28, 2011 – Air Lease Corporation and Aeromexico have entered into lease agreements for two B737-800’s.“We are delighted to announce the lease of these two aircraft to Aeromexico. Aeromexico has been a strong supporter of ALC since inception and we value our partnership,” said Steven F. Udvar-Hazy, Chairman and CEO of Air Lease Corporation.The two leases run until mid 2017. Aeromexico is the largest airline in Mexico, with a large international and domestic route network and a member of “Sky Team.”About Air Lease Corporation (NYSE: AL)Launched in 2010, Air Lease Corporation (ALC) is an aircraft leasing company based in Los Angeles, California that[...]Read more...
LOS ANGELES (April 19, 2011) — Air Lease Corporation (NYSE: AL) today announced that the underwriters for the Company’s initial public offering have exercised in full their over-allotment option to purchase an additional 4,542,450 shares of the Company’s Class A Common Stock. After giving effect to the completion of the initial public offering and the full exercise of the over-allotment option, the Company will have sold a total of approximately 34.8 million shares of its Class A Common Stock, raising approximately $868 million in net proceeds after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. J.P. Morgan Securities[...]Read more...
LOS ANGELES--(BUSINESS WIRE)-- Air Lease Corporation (NYSE: AL) today announced the pricing of its initial public offering of 30,283,020 shares of its Class A Common Stock at a public offering price of $26.50 per share. All shares included in the initial public offering are being sold by the Company. The Company has granted the underwriters an option to purchase up to an additional 4,542,450 shares of Class A Common Stock on the same terms and conditions, to cover over-allotments, if any. The Company’s Class A Common Stock is expected to begin trading tomorrow, April 19, 2011, on the New York Stock Exchange under the symbol “AL”.
J.P. Morgan Securities LLC, Credit[...]
LOS ANGELES--(BUSINESS WIRE)-- Air Lease Corporation (the “Company”) today announced the launch of its initial public offering of 25,000,000 shares of Class A Common Stock. All shares included in the initial public offering are being sold by the Company. The estimated initial public offering price is between $25.00 and $28.00 per share. The Company’s Class A Common Stock has been approved for listing on the New York Stock Exchange under the symbol “AL.” The underwriters have the option to purchase from the Company up to an additional 3,750,000 shares of Class A Common Stock, on the same terms and conditions, to cover over-allotments, if any.
LOS ANGELES, CA, December 1, 2010 – Air Lease Corporation today announced that, as of November 30, 2010, it has acquired B737-700, B737-800, A319-100, A320-200, A321-200, and A330-200 aircraft on lease to 24 airlines including Aer Lingus, AeroMexico, Air Arabia, AirAsia, Air Berlin, Air Canada, Air France, Air Macau, Etihad, Go, Interjet, Kingfisher, KLM, Norwegian, Sichuan, South African, Southwest, Spicejet, Spirit, TAM, Transavia, Virgin Blue, Volaris, and Westjet.
“We are pleased with the growth of our fleet and customer base since taking delivery of our first aircraft on May 19, 2010,” said John L. Plueger, President and Chief Operating Officer of Air Lease[...]