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[...]
Air Lease Corporation, the global commercial aircraft lessor announced today the election of Mr. Jie Chen as Executive Vice President and Managing Director Asia.
LOS ANGELES, CA, August 13, 2010 – Air Lease Corporation, the global commercial aircraft lessor announced today the election of Mr. Jie Chen as Executive Vice President and Managing Director Asia.
"Mr. Chen has a long and distinguished career in the commercial airline leasing field, and we are gratified to have him join our organization" said John L. Plueger, President & COO of Air Lease Corporation.
"The Asian airline markets and especially China, are important growth platforms for Air Lease Corp., and Jie Chen is an experienced and proven executive, who has built excellent long term relationships with airlines in that region."
Air Lease Corporation and Air Berlin Sign a Sale and Lease-Back Agreement for Two Used B737-800 Aircraft
LOS ANGELES, CA, August 10, 2010 – Air Lease Corporation and Air Berlin have signed sale and lease-back agreements for two used B737-800's. The transaction was completed July 29, 2010.
"We are delighted to announce these two additional aircraft on top of the used A320 and two new aircraft already leased by ALC to Air Berlin. Air Berlin 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.
Ulf Hüttmeyer, CFO of Air Berlin PLC, stated: "The new strategic partnership with Air Lease has already proven successful if we take into account that this is the second[...]
LOS ANGELES, CA, July 28, 2010 – Air Lease Corporation, a company led by Steven F. Udvar-Hazy, Chairman/CEO, and Air France have signed sale and lease-back agreements for one used A319-115, two new Airbus A320-200’s, one used Airbus A321-200, one used A330-200 and one new Boeing 777-300ER.
The delivery of the three used aircraft occurred on June 30, 2010. The two new Airbus aircraft are scheduled for delivery in early 2011. The Boeing 777-300ER aircraft is scheduled for delivery later this year.
“We are extremely pleased to continue a long-standing and important relationship with one of the world’s premier airlines. We look forward to furthering our[...]
Air Lease Corporation, The New Global Aviation Venture, is Ready For Take-Off With Substantial Financing and a Top-Flight Senior Management Team
LOS ANGELES, CA, July 15, 2010 – Air Lease Corporation (ALC), a new aircraft leasing company being launched by industry pioneer Steven Udvar-Házy and longtime aviation executive John L. Plueger, has secured initial financing of $3.3 billion, and aircraft acquisitions are already underway. Making the announcement were Mr. Udvar-Házy, Chairman and Chief Executive Officer of ALC, who co-founded and led International Lease Finance Corporation (ILFC) for 37 years, and Mr. Plueger, President and COO of ALC."We are gratified by the confidence investors have placed in our management team through this process, and we are working tirelessly to justify that confidence," said Mr.[...]Read more...