Air Lease Corporation Announces Pricing of Public Offering of $500 Million of 3.875% Unsecured Senior Notes due 2023
LOS ANGELES, California, June 11, 2018 - Air Lease Corporation (NYSE: AL) (the “Company”) announced the pricing on June 11, 2018 of its public offering of $500 million aggregate principal amount of 3.875% unsecured senior notes due 2023 (the “Notes”). The sale of the Notes is expected to close on June 18, 2018, subject to satisfaction of customary closing conditions. The Notes will mature on July 3, 2023 and will bear interest at a rate of 3.875% per annum, payable semi-annually in arrears on January 3 and July 3 of each year, commencing on January 3, 2019. The Company intends to use the net proceeds of the offering for general corporate purposes, which may include, among[...]
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Boeing 737 MAX 8 joins Sunwing Fleet; inaugural flight Seattle-Toronto brings first of four aircraft home
SOURCE: Sunwing Airlines TORONTO, May 25, 2018 (GLOBE NEWSWIRE) -- Sunwing Airlines today announced the delivery of their first brand-new Boeing 737 MAX 8 aircraft. The aircraft is the first of four new Boeing 737 MAX 8 aircraft acquired by North America’s largest vertically integrated travel company as part of a lease agreement concluded with Air Lease Corporation (NYSE:AL) in late 2014. The $350 million deal also included the acquisition of two further Boeing 737-800 aircraft. The second Boeing 737 MAX 8 aircraft will be delivered the following week, with the remaining two 737 MAX planes anticipated to be delivered in 2019. “The 737 MAX 8 aircraft is an integral part of[...]
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Air Lease Corporation Announces Delivery of Boeing 737 MAX 8 Aircraft with Travel Service
LOS ANGELES, May 17, 2018 - Air Lease Corporation (NYSE: AL; “ALC”) announced the delivery of one new Boeing 737 MAX 8 aircraft on lease to Travel Service (SmartWings). This aircraft is the first of two 737 MAX 8 aircraft scheduled for delivery to Travel Service, with the next aircraft delivering in 2019. “We are delighted to deliver a new 737 MAX to Travel Service today,” said Alex Khatibi, Executive Vice President of Air Lease Corporation. “Travel Service’s high service standards coupled with their fleet upgrade to the MAX will bring their customer experience and network development to the next level.” Forward-Looking Statements This press release[...]
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Air Lease Corporation to Present at Upcoming Conferences
LOS ANGELES, May, 11, 2018 - Air Lease Corporation (NYSE: AL) (“ALC” or the “Company”) announced today that the Company will be presenting at the following industry conferences during the week of May 14, 2018: Steven F. Udvar-Házy, Executive Chairman, will be speaking at the 38th Annual North America Airfinance Conference 2018 in Miami, Florida on Tuesday, May 15, 2018 at 9:50 a.m. EDT. For further details, please visit the agenda located on the conference website. Gregory B. Willis, Executive Vice President and Chief Financial Officer, will be speaking at the Barclays Americas Select Franchise Conference in London on Wednesday, May 16, 2018 at 1:00 p.m. BST.[...]
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Air Lease Corporation Announces First Quarter 2018 Results
Los Angeles, California, May 10, 2018 – Air Lease Corporation (ALC) (NYSE: AL) announces financial results for the three months ended March 31, 2018. The PDF file containing the full earnings release is available for download at www.airleasecorp.com/press.
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Air Lease Corporation Increases Unsecured Revolving Credit Facility to $4.5 Billion
LOS ANGELES, May 3, 2018 – On May 2, 2018, Air Lease Corporation (the “Company”) amended and extended its unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent and the lenders named therein (as amended, the “Syndicated Unsecured Revolving Credit Facility”) whereby the Company extended the maturity date of the substantial majority of the revolving commitments from May 5, 2021 to May 5, 2022 and increased total revolving commitments to $4.5 billion from $3.9 billion, across 50 financial institutions. The Syndicated Unsecured Revolving Credit Facility remains priced at LIBOR plus 105 basis points with a 20 basis point facility fee,[...]
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Air Lease Corporation Names Daniel Verwholt as Treasurer
LOS ANGELES, May 2, 2018 -- Air Lease Corporation (NYSE: AL) (“ALC” or the “Company”) announced today the appointment of Mr. Daniel Verwholt as Treasurer effective May 1, 2018, replacing Mr. AJ Abedin who will join the Company’s marketing team after holding the position of Treasurer since 2015. Mr. Verwholt joined Air Lease in 2017 as Director of Finance, and has over ten years of experience in banking, capital markets and investment management. Prior to Air Lease, Mr. Verwholt served as a Senior Credit Research Analyst at Google, where he led the research effort on financial institutions for Google’s internally managed investment grade debt portfolio. He has also held[...]
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Air Lease Corporation Announces Lease Placement of Airbus A330-900neo with Hi Fly
LOS ANGELES, April 9, 2018 - Air Lease Corporation (NYSE: AL; “ALC”) announced a medium-term lease agreement with Hi Fly (Portugal) for one Rolls-Royce Trent 7000-powered Airbus A330-900neo aircraft. The aircraft is scheduled to deliver from ALC’s order book with Airbus in June 2019. “ALC is pleased to announce this A330-900neo lease placement with Hi Fly, a new customer for the ALC family,” said Marc Baer, Executive Vice President of Air Lease Corporation. “The investment in additional A330-900neo aircraft is in line with Hi Fly’s interest to maintain a modern and versatile fleet to stay competitive in the market.” The new Airbus[...]
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Air Lease Corporation Activity Update for the First Quarter of 2018
LOS ANGELES, California, April 5, 2018 – Today Air Lease Corporation (NYSE: AL; “ALC”) announced an update on activity taking place in the first quarter of 2018: As of March 31, 2018, ALC’s fleet was comprised of 253 owned aircraft and 49 managed aircraft. Orderbook Deliveries Delivered 4 new aircraft including 2 Boeing 737 MAX 8s, 1 Airbus A321neo and 1 Airbus A350-900 Incremental Aircraft Purchases Purchased and leased 5 used aircraft including 2 Boeing 737-700s, 1 Boeing 737-800 and 2 Airbus A320-200s Timing of Deliveries and Incremental Aircraft Purchases Majority of the quarter’s aircraft deliveries and incremental purchases occurred in the last two[...]
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Air Lease Corporation Announces First Quarter 2018 Earnings Conference Call
LOS ANGELES, April 4, 2018 – Air Lease Corporation (NYSE: AL) (“ALC”) will host a conference call on May 10, 2018 at 4:30 PM Eastern Time to discuss the Company's financial results for the first quarter of 2018. Investors can participate in the conference call by dialing (855) 308-8321 domestic or (330) 863-3465 international. The passcode for the call is 6995138. The conference call will also be broadcast live through a link on the Investors 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[...]
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Boeing, Air Lease Corporation Sign Order for Eight 737 MAX Airplanes
Order from leading airplane lessor reflects strong market demand for new and improved 737 jet
SOURCE: Boeing
SEATTLE, April 3, 2018 – Boeing [NYSE:BA] and Air Lease Corporation (NYSE: AL) (ALC) announced they have finalized an order for eight more 737 MAX 8 airplanes, valued at $936.8 million at list prices.
Air Lease Corporation (ALC), one of the world’s leading airplane lessors, has been a big buyer of the improved 737 airplane. This new order raises ALC’s total 737 MAX orders to 138.
“These aircraft perfectly fit ALC’s and our airline lessees’ growing need for additional 737 MAX 8 aircraft. Our success in MAX placements to date speaks to the strong[...]
Air Lease Corporation to Present at J.P. Morgan Aviation, Transportation and Industrials Conference
LOS ANGELES, March 9, 2018 – Air Lease Corporation (NYSE: AL) (“ALC”) announced today that Steven F. Udvar-Házy, Executive Chairman, John L. Plueger, Chief Executive Officer and President, and Gregory B. Willis, Executive Vice President and Chief Financial Officer, will be presenting at the J.P. Morgan Aviation, Transportation and Industrials Conference in New York City on Wednesday, March 14, 2018 at 11:00 a.m. Eastern Time. Presentation materials utilized will be posted in advance of the presentation time to the Investors section of ALC’s website at https://www.airleasecorp.com. About Air Lease Corporation (NYSE: AL) ALC is a leading aircraft leasing company[...]
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Air Lease Corporation Announces the Placement of Two Airbus A320-200s with IndiGo
LOS ANGELES, February 28, 2018 – Air Lease Corporation (NYSE: AL) announced lease agreements for two IAE V2527-powered Airbus A320-200s with IndiGo, India’s largest passenger airline by market share. Both aircraft are scheduled to deliver in Q3 2018. “We are pleased to announce these two A320-200 lease placements with IndiGo, a new customer for ALC,” said Kishore Korde, Executive Vice President of Air Lease Corporation. “IndiGo has become the benchmark that many other leading low-cost airlines measure themselves against. India is a very high growth airline market and ALC is pleased to contribute to the dynamic development of airline expansion in India with[...]
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Air Lease Corporation Announces Fiscal Year & Fourth Quarter 2017 Results
Los Angeles, California, February 22, 2018 – Air Lease Corporation (ALC) (NYSE: AL) announces financial results for the year and three months ended December 31, 2017. The PDF file containing the full earnings release is available for download at www.airleasecorp.com/press.
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Air Lease Corporation Announces the Placement of Airbus A320-200neo with Atlantic Airways
LOS ANGELES, February 12, 2018 - Air Lease Corporation (NYSE: AL) announced a long term lease agreement for one Airbus A320-200neo with Atlantic Airways, the national airline of the Faroe Islands. The aircraft will deliver in March 2019 from ALC’s order book with Airbus. “We are very pleased to announce this new lease placement with Atlantic Airways, a new customer for ALC,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “Atlantic Airways connects the Faroe Islands in the North Atlantic with multiple destinations in Scandinavia and a growing route network in Europe. The A320neo will help add capacity and efficiency to[...]
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Mary Liz DePalma
Assistant Vice President, Investor RelationsPhone: +1 310.553.0555
Fax: +1 310.553.0999
Email: mdepalma@airleasecorp.com
Media
Laura Woeste
Manager, Media and Investor RelationsPhone: +1 310.553.0555
Fax: +1 310.553.0999
Email: lwoeste@airleasecorp.com
