Air Lease Corporation Partners in a New Aircraft Leasing Joint Venture, Blackbird Capital I, To Acquire up to $2 Billion in Aircraft
LOS ANGELES, California, November 6, 2014 — Air Lease Corporation (NYSE: AL) (the “Company” or “ALC”) today announced that a wholly-owned subsidiary of the Company entered into a joint venture with a co-investment vehicle (the “JV Partner”) arranged by Napier Park Global Capital (US) LP (“Napier Park”) for the purpose of investing in commercial aircraft and leasing them to airlines around the globe. The newly formed entity with committed equity and debt capital is named Blackbird Capital I LLC (“Blackbird Capital I”) and 90.5% of the equity is owned, through the JV Partner, by a pooled investment vehicle of long-term institutional investors managed by Napier[...]Read more...
Los Angeles, California, November 6, 2014 — Air Lease Corporation (ALC) (NYSE: AL) announced today financial results for the three and nine months ended September 30, 2014. The PDF file containing the full earnings release is available for download at www.airleasecorp.com/press.[...]Read more...
Air Lease Corporation Announces Lease Placement of Two Additional New Boeing 777-300ERs with EVA Air
LOS ANGELES, October 7, 2014 - Today Air Lease Corporation (NYSE: AL) announced two additional twelve-year lease agreements with EVA Air (Taiwan) for new Boeing 777-300ER widebody aircraft. The aircraft are scheduled for delivery in 2016 and 2017 from ALC’s order book with Boeing. With this latest contract, EVA has now leased four new Boeing 777-300ERs from ALC.
“ALC continues to help expand EVA Air’s long haul fleet with the lease of these two Boeing 777-300ERs,” said Chi Yan, Vice President of Air Lease Corporation. “EVA Air is a significant customer for ALC in the Asia Pacific region, and these additional lease placements underline our commitment to EVA’s[...]
LOS ANGELES, October 3, 2014 -- Air Lease Corporation will host a conference call on November 6, 2014 at 4:30 PM Eastern Time to discuss the Company's financial results for the third quarter of 2014.
Investors can participate in the conference call by dialing (866) 318-8614 domestic or (617) 399-5133 international. The passcode for the call is 48637143.
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[...]
Air Lease Corporation Announces the Lease Placement of Two New Boeing 737-800s with Kunming Airlines
LOS ANGELES, California, September 29, 2014 — Today Air Lease Corporation (NYSE: AL) announced the long term lease placement of two new Boeing 737-800s with Kunming Airlines (China), scheduled for delivery in 2015. These aircraft are from ALC’s order book with Boeing.
“We are pleased to announce this strategic lease placement with Kunming Airlines, an important new customer for ALC in China. Kunming has been steadily increasing and modernizing its fleet to meet regional traffic demands, and we have worked closely with the operator’s management team to provide new and efficient aircraft to optimize their future fleet,” said Jie Chen, Executive Vice President and[...]
Air Lease Corporation Announces the Lease Placement of Two New Airbus A321-200s with Sichuan Airlines
LOS ANGELES, California, September 24, 2014 — Today Air Lease Corporation (NYSE: AL) announced long term lease agreements with Sichuan Airlines (China) for two new Airbus A321-200s. Both aircraft, scheduled for delivery in the first half of 2015, are outfitted with Sharklets and powered by IAE V2533 engines. The aircraft will deliver from ALC’s order book with Airbus, adding to our numerous Airbus A330, A321 and A319 aircraft already on lease to Sichuan.
“We are pleased to announce the placement of these two new aircraft in addition to the two new 2014 delivery A321-200s leased by ALC to Sichuan,” said Jie Chen, ALC’s Executive Vice President and Managing[...]
Air Lease Corporation Announces Pricing of Public Offering of $500 Million of 2.125% Unsecured Senior Notes due 2018 and $500 Million of 4.250% Unsecured Senior Notes due 2024
LOS ANGELES, California, September 9, 2014 — Air Lease Corporation (NYSE: AL) (the “Company”) today announced the pricing of its public offering of $500 million in aggregate principal amount of 2.125% unsecured senior notes due 2018 (the “2018 Notes”) and $500 million in aggregate principal amount of 4.250% unsecured senior notes due 2024 (the “2024 Notes” and, together with the 2018 Notes, the “Notes”). The 2018 Notes were offered to the public at a price of 99.650% of par and the 2024 Notes were offered to the public at a price of 99.196% of par . The sale of the 2018 Notes and 2024 Notes is expected to close on September 16, 2014, subject to satisfaction of[...]Read more...
LOS ANGELES, California, August 18, 2014 — Today Air Lease Corporation (NYSE: AL) announced the placement of one Airbus A320 aircraft at VivaColombia on long term lease, scheduled for delivery in spring 2015. Originally acquired by ALC in May 2011, the aircraft is presently on lease to an airline in Asia and is equipped with CFM56-5B engines.
“ALC is committed to growing its business in Latin America and we are very pleased to announce our first aircraft placement with VivaColombia, an airline pioneering the low cost model in Colombia,” said John L. Plueger, President and COO of Air Lease Corporation.
This press release[...]
LOS ANGELES, California, August 13, 2014 — Today Air Lease Corporation (NYSE: AL) announced long term lease agreements with KLM (The Netherlands) for two additional new Boeing 777-300ER aircraft, scheduled for delivery in the second half of 2016 and early 2017. These aircraft placements are in addition to the two new 777-300ER aircraft scheduled for lease from ALC to KLM in early 2015 and early 2016, all from ALC’s order book.
“KLM is one of our key and strategic European airline customers. This placement of four new Boeing 777-300ERs continues our long and excellent relationship with KLM as they operate a leading global airline fleet,” said Steven F. Udvar-Hazy,[...]
Los Angeles, California, August 7, 2014 — Air Lease Corporation (ALC) (NYSE: AL) announced today financial results for the three and six months ended June 30, 2014. The PDF file containing the full earnings release is available for download at www.airleasecorp.com/press.[...]Read more...
SOURCE: ATR; July 15, 2014
The U.S. leasing company has placed orders for new ATR 72-600s every year since 2010, for a total of 28 aircraft
On the occasion of the Farnborough Airshow, the European turboprop manufacturer ATR and the leasing company Air Lease Corporation (NYSE: AL) today signed an agreement for the purchase of seven additional ATR 72-600s. Air Lease Corporation (ALC) has purchased ATRs every year since its first contract at Farnborough in 2010. With today’s agreement, ALC now has 28 ATR 72-600s in its portfolio.ATRs are currently operated by over 180 carriers worldwide thanks to their high reliability, comfort, and low operating costs for[...]
SOURCE: CFM International; July 15, 2014
Order valued at $520 million U.S.
Has orders for both LEAP-1A and LEAP-1B variants
FARNBOROUGH, England —15 July 2014 — Air Lease Corporation (NYSE: AL) today announced that it has selected CFM International’s advanced LEAP-1A engine to power 20 Airbus A320neo family aircraft. CFM values the order at $520 million U.S. at list price. The aircraft were originally announced in June 2012.
“We think the LEAP-1A-powered A320neo aircraft will be an important part of our portfolio going forward,” said Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer. “The engine has racked up[...]
SOURCE: CFM International; July 15, 2014
Takes total LEAP-1B orders to 208 engines
FARNBOROUGH, England – 15 July 2014 — Air Lease Corporation (NYSE: AL) today announced an order for a total of 40 LEAP-1B engines to power 10 new Boeing 737 MAX 8 aircraft as well as engines for 10 additional MAX 8 aircraft that were part of a previously unidentified order. CFM values the total order at $520 million U.S. at list price.
“We believe the LEAP-1B-powered Boeing 737 MAX 8 aircraft will be a key part of our fleet going forward,” said Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer. “These advanced technology engines[...]
SOURCE: Boeing; July 15, 2014
ALC has more than 100 737 MAXs on order
Total 777s ordered by ALC leader tops 100
FARNBOROUGH, United Kingdom, July 15, 2014 /PRNewswire/ -- Boeing (NYSE: BA) and Air Lease Corporation (NYSE: AL) announced today an order for 26 airplanes -- six 777-300ER (Extended Range) and reconfirmed 20 737 MAX 8 airplanes, valued at $3.9 billion at current list prices.
This 737 MAX order for 20 airplanes, valued at more than $2 billion at current list prices, brings Air Lease Corporation's combined orders for the 737 MAX to 104 airplanes. The 777-300ER order, valued at more than $1.9 billion at current list prices, marks the 100th 777 order[...]
SOURCE: Airbus; July 14, 2014
Leading lessor announces first commitment for A330neo
Air Lease Corporation (ALC), the Los Angeles based aircraft leasing company, has announced a Memorandum of Understanding (MoU) for 25 A330-900neo aircraft, becoming the first launch customer for the new Airbus Widebody. ALC simultaneously announced a firm order for 60 A321neo aircraft. The contract was signed today at the Farnborough International Airshow by Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer and Fabrice Brégier, Airbus President and CEO.
“The recently launched A330neo is a well-suited addition to ALC’s fleet as we[...]