Responsibly Meeting Our Customer Needs
Air Lease Corporation works with airlines worldwide to modernize and grow their fleets, consults with OEMs as they develop the next generation of fuel-efficient aircraft, and explores strategic business solutions for clients to support their growth and success.
Steven F. Udvar-Házy
Executive Chairman
John L. Plueger
Chief Executive Officer and President
Corporate Responsibility Report
We are committed to sharing information regarding our focus on sustainability, social and governance matters, and engaging with our Stakeholders.
Aircraft Strategy
We believe in investing in the most modern, fuel-efficient, new technology aircraft to reduce our environmental impact and modernize the world’s fleet for the future.
Air Lease Corporation is engaged in reducing environmental impact, one aircraft at a time.
ALC's Fuel Efficient Aircraft
Approximate Fuel Burn Improvement vs. Old Generation Aircraft
| Manufacturer and Aircraft | Approximate Fuel Burn Improvement VS. Old Generation |
|---|---|
| Airbus A320neo/A321neo | 20 |
| Boeing 737 MAX | 20 |
| Airbus A220 | 25 |
| Airbus A330neo | 25 |
| Airbus A350 | 25 |
| Boeing 787 | 25 |
Source: Based on Airbus SAS and The Boeing Company estimates, which have not been independently verified by Air Lease Corporation or any third party.
Aircraft comparisons: A220-300 compared to A319ceo. A320neo compared to A320ceo. A321neo compared to A321ceo. A330-900neo compared to B767-300ER. A350-900 compared to B777-200ER. A350-1000 compared to B777-300ER. 737MAX compared to 737NG (no winglet). 787 compared to 767-300ER. 737 MAX 8 is 20% lower and 737 MAX 9 is 20% lower. 787-9 is 25% lower and 787-10 is 25% lower. A320neo is 20% lower, A321neo is 22% lower. A350-900 and A350-1000 both 25% lower.
ALC Strategy Focused on Replacing Older, Less Efficient Aircraft
The need to replace aging aircraft is an important driver of new aircraft demand as airlines focus on fleet modernization. Aligned with the needs of our customers, reduced fuel consumption, emissions and noise are our priority when selecting an aircraft to join the ALC fleet. By focusing on these qualities, we are introducing more environmentally conscious aircraft into the world's fleet.
Reduced Environmental Impact in Numbers
Aircraft
|
Nitrogen Oxides
|
Noise Pollution
|
Fuel Consumption
|
|---|---|---|---|
| Airbus A220-300 | Up to 38% below CAEP/6 | Up to 50% smaller footprint; Up to 17.4 EPNdB below ICAO Chapter 4 | 25% lower fuel burn & CO2 emissions per seat |
| Airbus A320neo | Up to 49% below CAEP/6 | Up to 50% smaller footprint; Up to 20.6 EPNdB below ICAO Chapter 4 | 20% lower fuel burn & CO2 emissions per seat |
| Airbus A321neo | Up to 49% below CAEP/6 | Up to 54% smaller footprint; Up to 16 EPNdB below ICAO Chapter 4 | 22% lower fuel burn & CO2 emissions per seat |
| Airbus A330-900neo | Up to 20% below CAEP/6 | Up to 50% smaller footprint; Up to 16.1 EPNdB below ICAO Chapter 4 | 25% lower fuel burn & CO2 emissions per seat |
| Airbus A350-900 | Up to 23% below CAEP/6 | Up to 40% smaller footprint; Up to 22 EPNdB below ICAO Chapter 4 | 25% lower fuel burn & CO2 emissions per seat |
| Airbus A350-1000 | Up to 6% below CAEP/6 | Up to 50% smaller footprint; Up to 16 EPNdB below ICAO Chapter 4 | 25% lower fuel burn & CO2 emissions per seat |
| Boeing 737-700 | Up to 29% below CAEP/6 | Up to 20% smaller footprint; Up to 7.8 EPNdb below ICAO Chapter 4 | 13% lower fuel burn & CO2 emissions per seat |
| Boeing 737-800 | Up to 26% below CAEP/6 | Up to 20% smaller footprint; Up to 5.8 EPNdb below ICAO Chapter 4 | 18% lower fuel burn & CO2 emissions per seat |
| Boeing 737 MAX 8 | Up to 34% below CAEP/6 | Up to 50% smaller footprint; Up to 14.8 EPNdb below ICAO Chapter 4 | 20% lower fuel burn & CO2 emissions per seat |
| Boeing 737 MAX 9 | Up to 27% below CAEP/6 | Up to 50% smaller footprint; Up to 13.2 EPNdb below ICAO Chapter 4 | 20% lower fuel burn & CO2 emissions per seat |
| Boeing 787-9 | Up to 42% below CAEP/6 | Up to 50% smaller footprint; Up to 17.8 EPNdb below ICAO Chapter 4 | 25% lower fuel burn & CO2 emissions per seat |
| Boeing 787-10 | Up to 40% below CAEP/6 | Up to 50% smaller footprint; Up to 17.8 EPNdb below ICAO Chapter 4 | 25% lower fuel burn & CO2 emissions per seat |
| Boeing 777-300ER | Up to 14% below CAEP/6 | Up to 40% smaller footprint; Up to 7.1 EPNdb below ICAO Chapter 4 | 20% lower fuel burn & CO2 emissions per seat |
Source: Based on Airbus SAS and The Boeing Company estimates, which have not been independently verified by Air Lease Corporation or any third party.
Airbus Comparisons: A220-300 compared to A319ceo; A320neo compared to A320ceo; A321neo compared to A321ceo; A330-900 compared to B767-300ER; A350-900 compared to B777-200ER; A350-1000 compared to B777-300ER
Boeing Comparisons: 737 NG compared to 737 Classic; 737 MAX compared to 737 NG (no winglet); 787 compared to 767-300 ER; 777-300 ER compared to 747-400 (GE).
Airbus Comparisons: A220-300 compared to A319ceo; A320neo compared to A320ceo; A321neo compared to A321ceo; A330-900 compared to B767-300ER; A350-900 compared to B777-200ER; A350-1000 compared to B777-300ER
Boeing Comparisons: 737 NG compared to 737 Classic; 737 MAX compared to 737 NG (no winglet); 787 compared to 767-300 ER; 777-300 ER compared to 747-400 (GE).
Corporate Governance
Highly engaged Board of Directors with extensive and diverse experience
| Board Member | Executive Leadership Experience | Airline Industry / Aviation | Financial / Capital Allocation Expertise | International Experience | Risk Management / Oversight Expertise | Other Public Company Boards |
|---|---|---|---|---|---|---|
|
Steven F. Udvar-Házy
Executive Chairman
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Steven F. Udvar-Házy has Executive Leadership Experience
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Steven F. Udvar-Házy has Airline Industry / Aviation Experience
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Steven F. Udvar-Házy has Financial / Capital Allocation Expertise
|
Steven F. Udvar-Házy has International Experience
|
Steven F. Udvar-Házy has Risk Management / Oversight Expertise
|
Other Public Company Boards:
SkyWest – Senior Strategic Advisor to the Board
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John L. Plueger
CEO & President
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John L. Plueger has Executive Leadership Experience
|
John L. Plueger has Airline Industry / Aviation Experience
|
John L. Plueger has Financial / Capital Allocation Expertise
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John L. Plueger has International Experience
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John L. Plueger has Risk Management / Oversight Expertise
|
Other Public Company Boards:
Spirit AeroSystems Holdings
|
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Robert A. Milton
Lead Independent Director
Retired Chairman & CEO, ACE Aviation Holdings and Air Canada |
Robert A. Milton has Executive Leadership Experience
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Robert A. Milton has Airline Industry / Aviation Experience
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Robert A. Milton has Financial / Capital Allocation Expertise
|
Robert A. Milton has International Experience
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Robert A. Milton has Risk Management / Oversight Expertise
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|
|
Matthew J. Hart
Retired President & COO, Hilton Hotels Corporation
|
Matthew J. Hart has Executive Leadership Experience
|
Matthew J. Hart has Airline Industry / Aviation Experience
|
Matthew J. Hart has Financial / Capital Allocation Expertise
|
Matthew J. Hart has International Experience
|
Matthew J. Hart has Risk Management / Oversight Expertise
|
Other Public Company Boards:
American Airlines Group
Other Public Company Boards:
American Homes 4 Rent
|
|
Yvette Hollingsworth Clark
Executive Vice President and Global Chief Compliance Officer, State Street Corporation
|
Yvette Hollingsworth Clark has Executive Leadership Experience
|
Yvette Hollingsworth Clark has International Experience
|
Yvette Hollingsworth Clark has Risk Management / Oversight Expertise
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|||
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Cheryl Gordon Krongard
Retired Senior Partner, Apollo Management
|
Cheryl Gordon Krongard has Executive Leadership Experience
|
Cheryl Gordon Krongard has Airline Industry / Aviation Experience
|
Cheryl Gordon Krongard has Financial / Capital Allocation Expertise
|
Cheryl Gordon Krongard has International Experience
|
Cheryl Gordon Krongard has Risk Management / Oversight Expertise
|
|
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Marshall O. Larsen
Retired Chairman, President & CEO, Goodrich Corporation
|
Marshall O. Larsen has Executive Leadership Experience
|
Marshall O. Larsen has Airline Industry / Aviation Experience
|
Marshall O. Larsen has Financial / Capital Allocation Expertise
|
Marshall O. Larsen has International Experience
|
Marshall O. Larsen has Risk Management / Oversight Expertise
|
|
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Susan McCaw
President of SRM Capital Investments
|
Susan McCaw has Executive Leadership Experience
|
Susan McCaw has Financial / Capital Allocation Expertise
|
Susan McCaw has International Experience
|
Susan McCaw has Risk Management / Oversight Expertise
|
Other Public Company Boards:
Lionsgate Entertainment Corp.
|
|
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Ian M. Saines
Chief Executive, Funds Management Challenger Limited
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Ian M. Saines has Executive Leadership Experience
|
Ian M. Saines has Financial / Capital Allocation Expertise
|
Ian M. Saines has International Experience
|
Ian M. Saines has Risk Management / Oversight Expertise
|
Committees of the Board of Directors
| Board Committee Members | Nominating and Corporate Governance Committee | Leadership Development and Compensation Committee | Audit Committee |
|---|---|---|---|
| Robert A. Milton | Robert A. Milton is a Committee Chairperson of the Nominating and Corporate Governance Committee | Robert A. Milton is a Committee Member of the Leadership Development and Compensation Committee | Robert A. Milton is a Committee Member of the Audit Committee |
| Matthew J. Hart | Matthew J. Hart is a Committee Member of the Nominating and Corporate Governance Committee | Matthew J. Hart is a Committee Chairperson of the Audit Committee | |
| Yvette Hollingsworth Clark | Yvette Hollingsworth Clark is a Committee Member of the Audit Committee | ||
| Cheryl Gordon Krongard | Cheryl Gordon Krongard is a Committee Member of the Nominating and Corporate Governance Committee | Cheryl Gordon Krongard is a Committee Chairperson of the Leadership Development and Compensation Committee | |
| Marshall O. Larsen | Marshall O. Larsen is a Committee Member of the Nominating and Corporate Governance Committee | Marshall O. Larsen is a Committee Member of the Leadership Development and Compensation Committee | |
| Susan McCaw | Susan McCaw is a Committee Member of the Leadership Development and Compensation Committee | ||
| Ian M. Saines | Ian M. Saines is a Committee Member of the Audit Committee |
Standards of Ethical Conduct
Air Lease Corporation is committed to operating with the highest standards for social and environmental responsibility as well as ethical conduct.
We believe in doing business with companies that have the same standards.
Investing in our Employees
We believe in investing in our team to build a culture of excellence of which our employees are proud to be a part.
- The company offers a robust benefits package benchmarked in the 90 percentile of coverage for similarly sized companies
- The company sponsors industry related training and education programs for employees
- Employees benefit from a company paid membership to an on-site fitness center and annual health and wellness clinics
- ~7% of the company’s stock is owned by ALC's directors and employees
Corporate Citizenship
We are committed to giving back as a corporation through community service, charitable donations and specialized mentorship programs.
United Way is focused on creating community-based and community-led solutions that strengthen the cornerstones for a good quality of life: education, financial stability and health.
The Los Angeles Fire Department Foundation supports the LAFD in protecting life, property, and the environment by providing essential equipment, training, and public outreach programs to supplement city resources.
National Air and Space Museum creates compelling exhibitions that engage, educate and inspire millions of visitors every year.
The ISTAT Foundation supports qualified individuals and institutions that promote the advancement of commercial aviation and humanitarianism.
Airlink is a nonprofit organization working with aviation and logistics partners to transport relief workers and emergency supplies for reputable non-governmental organizations (NGOs) responding to rapid-onset disasters and other humanitarian crises around the globe.
The mission of the Wings Club Foundation is to foster opportunities to pursue an education in the field of aviation, provide programs to educate in the field of aviation, and to support charitable organizations that use aviation to help those in need.
TreePeople is Los Angeles’ largest environmental movement whose mission is to inspire, engage and support people to take personal responsibility for the urban environment, making it safe, healthy, fun and sustainable and to share our process as a model for the world.
Dress for Success provides a network of support, professional attire and the development tools to help women thrive in work and in life.
ALC employees work with TreePeople to care for newly-planted trees in their community.
Environment and Sustainability
We are focused on operational sustainability and reducing our carbon footprint.
ALC’s headquarters office is in a LEED GOLD certified building, focused on the following:
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Water Conservation - More than 21.2 million gallons of water saved annually
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Water Recovery - 100% self-reliance for landscape irrigation
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Energy Conservation - 8.1 million kilowatt hours saved annually
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Recycling - Project diverts 53% of waste away from landfills
Industry Recognition Highlights
We are proud to highlight our industry recognition awards
Americas Lessor of the Year, Aviation 100 Americas Awards, AEGF NY
2024
Americas Editor’s Deal of the Year ALC $267.3 Million Seven-Year Secured Portfolio Financing Aviation 100 Americas Awards, AEGF NY
2024
Best Midcap ESG, 2nd Place, Institutional Investor
2023
Best Midcap IR Professional – Jason Arnold, Head of Investor Relations, 3rd Place, Institutional Investor
2023
Editor’s Deal of the Year, ALC $550m Unsecured Term Loan, Aviation 100 Asia-Pacific Awards, AEGF Asia Pacific
2023
Americas CEO/Industry Leader of the Year, John L. Plueger, CEO and President, Aviation 100 Americas Awards, AEGF NY
2023
Americas Lessor of the Year, Aviation 100 Americas Awards, AEGF NY
2023
Americas Debt Deal of the Year, ALC 5.300% Senior Unsecured Notes due 2028, Aviation 100 Americas Awards, AEGF NY
2023
CFO of the Year (Public Company), Gregory B. Willis, Los Angeles Business Journal CFO Awards
2023
Overall Debt Deal of the Year, African & Middle East & Islamic Finance Aviation 100 Awards AEGF Dubai
2023
Global Corporate Sukuk Deal of the Year Bond, Loans & Sukuk Middle East Awards
2023
Aircraft Finance Deal of the Year Bond, Loans & Sukuk Middle East Awards
2023
Capital Markets Deal of the Year Air Lease Corporation $1.5bn Bond Issuance Airfinance Journal’s Global Awards for 2022
2023
Overall Deal of the Year, Aviation 100 Global Leaders Awards, AEGF Dublin
2023
America’s Lessor of the Year, Aviation 100 Americas Awards AEGF NY
2022
Debt Deal of the Year, Waterfall Asset Management Warehouse Facility AEGF NY
2022
America’s Lessor of the Year, Aviation 100 Americas Awards AEGF NY
2021
CEO/Industry Leader of the Year, John L. Plueger, CEO and President, Aviation 100 Americas Awards AEGF NY
2021
CFO /Treasury Team of the Year, Gregory B. Willis, CFO Aviation 100 Americas Awards AEGF NY
2021
America’s Lessor of the Year 2020, Aviation 100 European & Global Leaders Awards AEGF London
2021
CEO/Industry Leader of the Year, John L. Plueger, CEO and President, Aviation 100 European & Global Leaders Awards AEGF Dublin
2020
Midcap & Smallcap – Best CEO John L. Plueger, CEO and President, CapitalGoods/Industrials: Business, Education & Professional Services, 2020 All-America Executive Team Institutional Investor
2019
Midcap & Smallcap – Best Investor Relations Program, Capital Goods/Industrials: Business, Education & Professional Services, 2020 All-America Executive Team Institutional Investor
2019
Overall Most Honored Companies, 2020 All-America Executive Team Institutional Investor
2019
Lessor of the Year, Aviation 100 Americas Awards AEGF NY
2019
CEO/Industry Leader of the Year, John L. Plueger, CEO and President, Aviation 100 European & Global Leaders Awards AEGF Dublin
2019
CFO/Treasurer of the Year, Gregory B. Willis, CFO, Aviation 100 European & Global Leaders Awards AEGF Dublin
2019
Overall Deal of the Year, Thunderbolt II, Aviation 100 European & Global Leaders Awards AEGF Dublin
2019
Structured Finance Awards, North America ABS Issue, ALC’s US$545m Securitisation International Financing Review Awards
2018
World’s Best Employers Forbes
2018
Buy-Side - Best CEO John L. Plueger, CEO and President, Capital Goods/Industries: Business, Education & Professional Services, 2019 All-America Rankings Institutional Investor Magazine
2018
Overall Best Investor Relations Program, Capital Goods/Industries: Business, Education & Professional Services, 2019 All-America Rankings Institutional Investor Magazine
2018
Sell-Side - Best Investor Relations Program, Capital Goods/Industries: Business, Education & Professional Services, 2019 All-America Rankings Institutional Investor Magazine
2018
Lessor of the Year, Aviation 100 Americas Awards AEGF NY
2018
Treasury Team of the Year, Aviation 100 Americas Awards AEGF NY
2018
Overall Deal of the Year Thunderbolt II, Aviation 100 Americas Awards AEGF NY
2018
Lessor of the Year, Overall Aviation 100 Global Leaders Awards AEGF Dublin
2018
Overall Deal of the Year Thunderbolt 2017-I, Overall Aviation 100 Global Leaders Awards AEGF Dublin
2018
Overall Capital Markets Deal of the Year, Air Lease Corporation TBOLT II $450m ABD for 18 aircraft, Airfinance Journal Awards
2018
CEO/Industry Leader of the Year John L. Plueger, CEO and President, Aviation 100 Americas Awards AEGF
2017
Lessor of the Year, Aviation 100 Americas Awards AEGF NY
2017
CFO/Treasury Team of the Year, Aviation 100 Americas Awards AEGF
2017
Face of Aviation Steven F. Udvar-Házy, Executive Chairman, Overall Aviation 100 Global Leaders Awards AEGF Dublin
2017
CFO/Treasurer of the Year Gregory B. Willis, CFO, Overall Aviation 100 Global Leaders Awards AEGF Dublin
2017
Finance Team of the Year, Overall Aviation 100 Global Leaders Awards AEGF Dublin
2017
Best Capital Markets Deal 2016, Blackbird ABS, Ishka Awards
2017
Capital Markets Deal of the Year, Blackbird debut ABS, Airfinance Journal’s Deals of the Year
2016
Editor's Deal of the Year, Blackbird Capital JV, Airfinance Journal’s Deals of the Year
2015
Overall Deal of the Year, JP Morgan / ALC’s IPO, Aviation 100 Awards AE Dublin
2012
Overall Deal of the Year, ALC IPO, Airfinance Journal’s Deals of the Year
2011