LOS ANGELES, December 23, 2015 - Air Lease Corporation (NYSE: AL) announced the sale of 25 ATR aircraft in its fleet to Nordic Aviation Capital A/S (“NAC”). These ATR aircraft have served ALC well in meeting the demand from airline customers operating shorter sector lengths. As the business has matured, ALC has focused more on its mainline jet aircraft operations with these turboprop aircraft now accounting for less than 5% of the current fleet. NAC is a global leader specializing in meeting the needs of ATR turboprop operators and this transaction adds further scale to their business. ALC anticipates that a majority of aircraft transfers will occur during the first half of[...]Read more...
Air Lease Corporation Announces Lease Placement of Four New Boeing 787-9s and Two New Boeing 787-10s with EVA Air
LOS ANGELES, December 16, 2015 - Air Lease Corporation (NYSE: AL) announced long term lease agreements with EVA Air (Taiwan) for four new B787-9s and two new B787-10s. These aircraft are from ALC’s Dreamliner order book with Boeing and will deliver from mid-2018 through early 2020. These placements will bring the number of new Boeing widebody aircraft that EVA Air will lease from ALC to ten, including four B777-300ERs already contracted.
“ALC is extremely pleased to conclude these important placements with EVA Air, one of the premier international airlines in Asia. EVA Air is a significant customer for ALC in the Asia Pacific region and these lease placements underline[...]
LOS ANGELES, California, December 14, 2015 — Today Air Lease Corporation (NYSE: AL) announced an agreement to lease two new Boeing 787-9 Dreamliner aircraft to El Al. Both aircraft are on long-term lease from ALC’s order book with Boeing and are scheduled to deliver to Israel’s flag carrier airline in the third quarter and early fourth quarter of 2017. These new Boeing 787-9 Dreamliner aircraft will replace older Boeing 747-400s in El Al's fleet and will be the first two 787s for the airline.
“We are very pleased to announce this lease placement with El Al, a new customer for ALC. We believe the efficiency and interior design of the new Dreamliner aircraft is a[...]
Air Lease Corporation Announces Delivery of First of Four New Boeing 777-300ERs on Long Term Lease with EVA Air
LOS ANGELES, November 12, 2015 - Today Air Lease Corporation (NYSE: AL) announced the delivery of the first of four new B777-300ER widebody aircraft on long term lease with EVA Air (Taiwan). The additional three aircraft are scheduled for delivery in 2016 and 2017, and all four are from ALC’s order book with Boeing.
“ALC is delighted to deliver this first of four new 777-300ERs to EVA Air, which also happens to be the fleet debut of the airline’s new aircraft livery,” said Steven F. Udvar-Házy, Chairman and Chief Executive Officer of Air Lease Corporation. “We look forward to a long and prosperous relationship with EVA as they continue to grow their long haul[...]
Los Angeles, California, November 5, 2015 — Air Lease Corporation (ALC) (NYSE: AL) announced today financial results for the three and nine months ended September 30, 2015. The PDF file containing the full earnings release is available for download at www.airleasecorp.com/press.Read more...
LOS ANGELES, California, October 27, 2015 — Air Lease Corporation (ALC) (NYSE: AL) today announced that Standard & Poor's Ratings Services revised its outlook on ALC to positive from stable, and affirmed all ratings, including the 'BBB-' corporate credit rating.
Standard & Poor’s highlighted in its press release that the positive outlook reflects Air Lease Corporation’s improved credit metrics and the expectation that this trend will continue.
Greg Willis, Senior Vice President and Chief Financial Officer of Air Lease Corporation commented, “We are pleased that Standard & Poor's has recognized Air Lease’s strengthening credit profile with a positive[...]
LOS ANGELES, October 5, 2015 -- Air Lease Corporation will host a conference call on November 5, 2015 at 4:30 PM Eastern Time to discuss the Company's financial results for the third quarter of 2015.
Investors can participate in the conference call by dialing (877) 280-2126 domestic or (678) 562-4234 international. The passcode for the call is 52144828.
The conference call will also be broadcast live through a link on the Investor Relations page of the Air Lease Corporation website at www.airleasecorp.com. Please visit the website at least 15 minutes prior to the call to register, download and install any necessary audio software. A replay of the broadcast will be[...]
LOS ANGELES, California, September 29, 2015 — Today Air Lease Corporation (NYSE: AL) announced the placement of one new ATR 72-600 aircraft on long term lease with Antigua-based LIAT (Leeward Islands Air Transport). The aircraft is from ALC’s order book with ATR and is scheduled to deliver in the third quarter of 2016.
“We are pleased to place yet another new fuel efficient aircraft with LIAT, who has been a valued customer of ALC for several years. This ATR 72-600 will replace an older Bombardier Dash 8 aircraft to maintain scheduled fleet operations in the Caribbean,” said Kishore Korde, Executive Vice President of Air Lease Corporation.
Air Lease Corporation Announces the Placement of Two Boeing 737-800 Aircraft with Siam Air Transport
LOS ANGELES, September 24, 2015 - Air Lease Corporation (NYSE: AL) announced lease agreements with Siam Air Transport (Thailand) for two used Boeing 737-800 aircraft. These aircraft will deliver in the fourth quarter of 2015.
“We are very pleased to announce this lease placement with Siam Air Transport, a new customer for ALC in Asia. These aircraft are a key addition to Siam Air Transport’s fleet as they continue to expand their route network in the region,” said Jie Chen, ALC’s Executive Vice President and Managing Director, Asia.
This press release contains forward-looking statements within the meaning of the Private[...]
LOS ANGELES, September 15, 2015 – Air Lease Corporation (NYSE: AL) announced the delivery of one new Boeing 737-800NG to China Airlines (Taiwan), the first of three new Boeing 737-800 aircraft deliveries on long-term lease from ALC’s order book with Boeing. The second 737-800 is scheduled to deliver in fall 2015, and the third in spring 2016.
“We are very pleased to announce this first of three new 737-800 aircraft delivering to China Airlines, and look forward to continuing our successful relationship with their management team as the airline renews and modernizes its fleet,” said John Plueger, President and Chief Operating Officer of Air Lease[...]
SEPANG, Malaysia & LOS ANGELES, September 10, 2015 - Today Malaysia Airlines Berhad (MAB) and Air Lease Corporation (NYSE: AL) signed long-term lease agreements for four (4) new Airbus A350-900s. The transaction also includes a lease option for two additional A350-900s and two A330-900neo aircraft.
Powered by two Rolls Royce Trent XWB-84 engines, the A350-900 aircraft are from ALC’s order book with Airbus and will be delivered between the fourth quarter of 2017 and the second quarter of 2018.
Malaysia Airlines CEO Christoph Mueller said, “We are excited to have this aircraft as part of our fleet. The A350 is the most technologically advanced aircraft and we are[...]
Leases for 11 new and three used Boeing Aircraft signed with Oman Air
LOS ANGELES, August 19, 2015 - Today Oman Air and Air Lease Corporation (NYSE: AL) announced long term lease agreements for 14 jet aircraft. The lease agreements cover three new Boeing 737-800s, seven new Boeing 737-8MAXs, and one new Boeing 787-9, all from ALC’s order book with Boeing. This transaction also includes one used Boeing 737-700 (MSN 33103) and two used Boeing 737-800 aircraft (MSNs 33104 and 34242). The deliveries are scheduled to begin in 2015 and continue through to 2019.
Oman Air’s Chief Financial Officer, Japeen Shah, said, “We are very pleased to sign these agreements with[...]
LOS ANGELES, August 19, 2015 - Air Lease Corporation (NYSE: AL) announced the delivery of one new Boeing 737-800NG on long-term lease to American Airlines on August 14, 2015.
“ALC is very pleased to announce the lease of this new Boeing 737-800 to American Airlines, a new customer for ALC and a leading airline of the world. We look forward to a long-term relationship with American as they continue to renew and modernize their fleet and ALC expands its US presence,” said Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer.
This press release contains forward-looking statements within the meaning[...]
Air Lease Corporation Announces Pricing of Public Offering of $500 Million of 2.625% Unsecured Senior Notes due 2018
LOS ANGELES, California, August 11, 2015 — Air Lease Corporation (NYSE: AL) (the “Company”) today announced the pricing of its public offering of $500 million aggregate principal amount of 2.625% unsecured senior notes due 2018 (the “Notes”). The Notes were offered to the public at a price of 99.500% of par. The sale of the Notes is expected to close on August 18, 2015, subject to satisfaction of customary closing conditions.
The Notes will mature on September 4, 2018 and will bear interest at a rate of 2.625% per annum, payable semi-annually in arrears on March 4 and September 4 of each year, commencing on March 4, 2016.
The Company intends to use the net[...]
Los Angeles, California, August 6, 2015 — Air Lease Corporation (ALC) (NYSE: AL) announced today financial results for the three and six months ended June 30, 2015. The PDF file containing the full earnings release is available for download at www.airleasecorp.com/press.Read more...