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[...]
SOURCE: GE Aviation; July 14, 2014
EVENDALE, OH -- Air Lease Corporation (NYSE: AL) selected GEnx-1B engines to power 30 Boeing 787 Dreamliner aircraft. The list price for the engine order is valued at more than $1.4 billion (USD).
"We are pleased to offer these GEnx-1B-powered 787 Dreamliner aircraft to our customers. This engine has demonstrated excellent operational performance and environmental efficiency and will help deliver real advantages to airline operators," said John Poerschke, Senior Vice President of Air Lease Corporation.
"GE Aviation is proud Air Lease Corporation has selected the GEnx engines as an offering for its Boeing 787 Dreamliner fleet,"[...]
Air Lease Corporation and Air New Zealand Announce Agreement for Five New Airbus A320neo Family Aircraft
LOS ANGELES, July 14, 2014 - Air Lease Corporation (NYSE: AL) reached an agreement with Air New Zealand for the long term lease of five new Airbus A320neo Family aircraft. The first aircraft, a new A321neo, is scheduled for delivery in August 2017 and the first new A320neo will deliver in September 2017. The remaining three aircraft will deliver in 2018.
“We are pleased to extend our excellent relationship with Air New Zealand to include the lease of these new fuel efficient A320neo family aircraft,” said Grant Levy, Executive Vice President of Air Lease Corporation. “Air New Zealand’s management team selected the A320neo family aircraft to optimize its Trans-Tasman[...]
LOS ANGELES, June 26, 2014 -- Air Lease Corporation will host a conference call on August 7, 2014 at 4:30 PM Eastern Time to discuss the Company's financial results for the second quarter of 2014.
Investors can participate in the conference call by dialing (800) 706-7745 domestic or (617) 614-3472 international. The passcode for the call is 72140911.
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, June 23, 2014 – Air Lease Corporation (NYSE: AL) announced today the delivery of the first of four new Airbus A321-200 aircraft leased to Air China (Beijing). This delivery is part of a large long term lease placement of 13 new aircraft with Air China from ALC’s order book with Airbus and Boeing. Air China also leased nine new Boeing 737-800s from ALC, five of which have been delivered.
“Air China is one of ALC’s largest airline lease customers in Asia for both single and twin-aisle aircraft,” said Jie Chen, Executive Vice President and Managing Director, Asia. “ALC has worked closely with Air China’s management team to optimize their fleet with[...]
LOS ANGELES, June 17, 2014 - Today Air Lease Corporation (NYSE: AL) announced the delivery of one used Boeing 737-800 aircraft (MSN 34254), on long term lease to Sun Country Airlines.
“We are very pleased to continue our strong relationship with Sun Country Airlines,” said Marc Baer, Executive Vice President of Air Lease Corporation. “This Boeing 737-800 is a key addition to their fleet as Sun Country continues to grow their network and maximize their competitive advantage in the region.”
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such[...]
LOS ANGELES, June 10, 2014 - Air Lease Corporation (NYSE: AL) announced the delivery of the first of two new Boeing 777-300ER widebody aircraft to Air New Zealand. A second new 777-300ER is scheduled for delivery this fall. Both aircraft are from ALC’s order book with Boeing.
“We announce our delivery of this new Boeing 777-300ER with great pride and appreciation, as this transaction furthers the excellent relationship between ALC and Air New Zealand. We look forward to delivering another 777-300ER to Air New Zealand this fall,” said Grant Levy, Executive Vice President of Air Lease Corporation.
This press release contains[...]
LOS ANGELES, June 9, 2014 - Today Air Lease Corporation (NYSE: AL) announced twelve-year lease agreements with EVA Air (Taiwan) for two new Boeing 777-300ER widebody aircraft, scheduled for delivery in the second half of 2015 and first half of 2016. These aircraft are from ALC’s order book with Boeing.
“We are pleased to conclude this important long term lease transaction with EVA Air, one of the premier international airlines in Asia, and a strategic new lease customer for ALC. As the demand for intercontinental routes from the Asia Pacific region continues to increase, ALC is pleased that these two new fuel efficient widebody aircraft will be an instrumental part of[...]
LOS ANGELES, May 21, 2014 - Today Air Lease Corporation (NYSE: AL) announced the delivery of one used Airbus A320-200 to Air Serbia, a new customer for ALC. This aircraft was delivered to Air Serbia in March 2014.
“Air Serbia is a new customer in Eastern Europe for ALC. ALC looks forward to a long and successful relationship with Air Serbia as they expand their fleet and route network in Europe and beyond. Additionally, this placement further develops our close collaboration with Air Serbia’s significant shareholder and current ALC customer, Etihad Airways,” said Steven F. Udvar-Házy, Chairman and Chief Executive Officer of Air Lease Corporation.
LOS ANGELES, California, May 20, 2014 — Today Air Lease Corporation (NYSE: AL) announced long term lease agreements with Mihin Lanka for two new Boeing 737-800 aircraft, delivering from ALC’s orderbook in 2015.
"These two new Boeing 737-800s with winglets will modernize the Mihin Lanka fleet. We are pleased to expand our business relationship with Mihin Lanka and contribute to their fleet renewal strategy,” said Kishore Korde, Air Lease Corporation’s Senior Vice President.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected[...]
LOS ANGELES, California, May 12, 2014 — Today Air Lease Corporation (NYSE: AL) announced its owned aircraft fleet has reached 200 aircraft. The milestone was achieved late last week, when Air Lease simultaneously delivered three new aircraft to three different lessees in three international cities on the same day.
On Friday, May 9th, a new Boeing 737-800 was delivered to MIAT Mongolian Airlines in Seattle, Washington; a new Airbus A321 was delivered to Thomas Cook Airlines in Hamburg, Germany; and a new ATR 72-600 was delivered to Golden Myanmar Airways in Toulouse, France. These aircraft were all from ALC’s order book, and are all on long term leases with these[...]