Air Lease Corporation Announces Lease Placement of Additional New Boeing 787 Dreamliner with Aeromexico
LOS ANGELES, California, August 14, 2017 — Today Air Lease Corporation (NYSE: AL) announced a long term lease agreement with Aeromexico for one additional new Boeing 787-9 aircraft with General Electric engines. The aircraft is from ALC’s order book with Boeing and will be Aeromexico's fourth new 787-9 lease from ALC. Two of the Dreamliner aircraft have already delivered to the airline, with the third scheduled to deliver in June 2018 and the fourth in April 2019. “Aeromexico is ALC's largest single airline customer in Latin America, and we continue to work closely with this successful airline to develop the most modern fleet to support their expanding global[...]
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Air Lease Corporation and Napier Park Global Capital Establish a Second Aircraft Leasing Joint Venture, Blackbird Capital II
LOS ANGELES, California, August 3, 2017 — 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 (“Napier Park”) for the purpose of investing in commercial aircraft and leasing them to airlines worldwide. The newly formed entity is named Blackbird Capital II LLC (“Blackbird Capital II”) 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 Park. The Company owns 9.5% of the joint venture[...]
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Air Lease Corporation Announces Second Quarter 2017 Results
Los Angeles, California, August 3, 2017 — Air Lease Corporation (ALC) (NYSE: AL) announces financial results for the three and six months ended June 30, 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 Lease Placement of Four New Airbus A330-900neo and One New A320-200neo Aircraft with TAP Portugal
LOS ANGELES, California, July 31, 2017 — Today Air Lease Corporation (NYSE: AL) announced long term lease agreements with TAP Portugal for four new Airbus A330-900neo and one new A320-200neo aircraft. The A330neo aircraft are outfitted with latest-generation Rolls-Royce Trent 7000 engines, and the A320neo is outfitted with the latest CFM LEAP1A engines. All five aircraft are from ALC’s order book with Airbus, and are scheduled to deliver between the fourth quarter of 2018 and the third quarter of 2019. "We are pleased to complete this important A330-900neo and A320neo lease transaction with our friends at TAP. These five new-technology aircraft on lease from[...]
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Air Lease Corporation Activity Update for the Second Quarter of 2017
LOS ANGELES, California, July 10, 2017 — Today Air Lease Corporation (NYSE: AL; “ALC”) announced an update on activity taking place in the second quarter of 2017:
- At the end of the second quarter of 2017, ALC’s fleet was comprised of 240 owned aircraft and 48 managed aircraft
Deliveries
- Delivered 8 new aircraft including 3 Boeing 737-800s, 1 Boeing 787-9, 1 Airbus A320neo, 1 Airbus A321ceo and 2 Airbus A321neos
- Delivered 6 used Boeing 737-800s purchased in the secondary market with the majority of these deliveries occurring throughout the second half of the quarter
Sales
- Sold 17 aircraft including 16 aircraft sold to Thunderbolt Aircraft Lease[...]
Air Lease Corporation Announces the Delivery of New Airbus A321neo Aircraft to Novair
LOS ANGELES, California, June 30, 2017 — Today Air Lease Corporation (NYSE: AL) announced the delivery of one new Airbus A321neo aircraft on long term lease with Novair, from ALC’s order book from Airbus. “This aircraft is the first of two new A321neo ALC is leasing to Swedish carrier Novair, and we welcome them as a new customer in the ALC family,” said Steven F. Udvar-Hazy, Executive Chairman of Air Lease Corporation. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current[...]
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Air Lease Corporation Announces Second Quarter 2017 Earnings Conference Call
LOS ANGELES, June 28, 2017 -- Air Lease Corporation (NYSE: AL) will host a conference call on August 3, 2017 at 4:30 PM Eastern Time to discuss the Company's financial results for the second quarter of 2017. Investors can participate in the conference call by dialing (855) 308-8321 domestic or (330) 863-3465 international. The passcode for the call is 1622593. 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 available on[...]
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Air Lease Corporation Announces the Delivery of Boeing 737-800 to Travel Service
LOS ANGELES, California, June 27, 2017 — Today Air Lease Corporation (NYSE: AL) announced the placement and recent delivery of one Boeing 737-800 aircraft (MSN 40875) on long-term lease to Travel Service in Prague, Czech Republic. Travel Service will be receiving two new Boeing 737 MAX 8 aircraft on lease from ALC beginning in early spring 2018, both from ALC’s order book with Boeing. “We have an excellent relationship with Travel Service, the Czech Republic’s largest airline, and are pleased with the opportunity to expand and modernize their jet fleet with these 737-800 and 737 MAX aircraft, providing efficiency and passenger comfort that will further Travel[...]
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Air Lease Corporation Announces the Delivery of Boeing 737-800 to Royal Air Maroc
LOS ANGELES, California, June 26, 2017 — Today Air Lease Corporation (NYSE: AL) announced the placement and recent delivery of one 737-800 aircraft (MSN 33982) on long-term lease to Royal Air Maroc (Morocco). “We are pleased to announce this lease placement with Royal Air Maroc, a new customer for ALC. We look forward to a successful long term relationship with Royal Air Maroc as it continues to modernize its fleet,” said Alex Khatibi, Executive Vice President of Air Lease Corporation. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected[...]
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Air Lease Corporation Announces First New Airbus A321-200neo delivery to WOW air
LOS ANGELES, June 21, 2017 – Air Lease Corporation (NYSE: AL) announced today the delivery of its first new Airbus A321-200neo on long-term leases to WOW air (Iceland). Meanwhile, the aircraft made its Paris flying-display debut to the media and airline industry at this year’s International Paris Air Show. The largest member of Airbus’ re-engined A320neo family, the A321neo made its first flight in February 2016. The lessor has delivered four A321-200 CEOs and one A320-200neo to the airline since May 2016, with one additional A321-200neo aircraft scheduled to deliver in Q1 2018. “ALC is very pleased to announce our first A321neo delivery with WOW air, which[...]
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Boeing, Air Lease Corporation Announce Memorandum of Understanding for 12 737 MAXs
SOURCE: Boeing LE BOURGET, France, June 21, 2017 – Boeing (NYSE: BA) and Air Lease Corporation (NYSE: AL) announced a Memorandum of Understanding (MOU) for 12 737 MAXs at the Paris Air Show. The MOU includes five 737 MAX 7s and seven 737 MAX 8s. The agreement will be reflected on the Boeing Orders and Deliveries website once finalized. "With these additional 12 units, ALC's growing 737 MAX order book now stands at 130 aircraft - and we are placing them rapidly,” said John L. Plueger, Chief Executive Officer and President, Air Lease Corporation. “Clearly the 737 MAX family is a winner for us and for our airline customers." ALC was one of the first leasing[...]
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Air Lease Corporation expands CFM LEAP-1A fleet with $725 million order
SOURCE: CFM International LE BOURGET, France —20 June 2017 — Air Lease Corporation (NYSE: AL) today announced that it has selected CFM International’s advanced LEAP-1A engine to power 25 additional Airbus A320neo family aircraft. CFM values the order at $725 million U.S. at list price. The engines are for option aircraft previously announced and are scheduled for delivery between 2019 and 2022. “We have been very impressed by what we have seen the LEAP-1A engine do in airline service,” said Steven F. Udvar-Házy, Air Lease Corporation Executive Chairman. “The fuel efficiency, high asset utilization, and world-class support are going to[...]
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Air Lease Corporation Announces the Lease Placement of Six New Boeing 737 MAX 8 and Six 737-800 Aircraft with Blue Air
LOS ANGELES, June 20, 2017 -- Today Air Lease Corporation (NYSE:AL) announced the placement of six (6) new Boeing 737 MAX 8 and six (6) used 737-800 aircraft on long-term leases to Blue Air (Romania). The 737-800 aircraft, which ALC acquired from Pegasus Airlines, began delivering in May 2017 and will continue through Q4 2017. The new 737 MAX 8 aircraft are scheduled for delivery between mid-2019 and Q1 2021, from ALC’s order book with Boeing.
“We are pleased to announce this strategic lease placement with Blue Air, a new customer for ALC. We look forward to a successful long term relationship with Blue Air as it continues to modernize its fleet in order to offer superior[...]
ALC inks order for 12 additional A321neo aircraft
SOURCE: Airbus
Paris, 19 June 2017 - Air Lease Corporation (NYSE: AL), the Los Angeles based aircraft leasing company has signed a firm order for 12 additional A321neo aircraft at the 52nd Paris International Airshow.
The incremental order takes the number of aircraft which ALC has taken delivery of or ordered from Airbus to 279, of which 70 are widebodies and 209 single-aisles.
“The market for A321neos is strong and our customers want more aircraft. This latest order for additional NEOs will fill our customer placement commitments,” said John L. Plueger, Air Lease Corporation’s CEO and President.
“The A321neo is delivering substantial fuel burn[...]
Air Lease Corporation Announces Pricing of Public Offering of $600 Million of 2.625% Unsecured Senior Notes due 2022
LOS ANGELES, California, June 6, 2017 — Air Lease Corporation (NYSE: AL) (the “Company”) announced the pricing on June 5, 2017 of its public offering of $600 million aggregate principal amount of 2.625% unsecured senior notes due 2022 (the “Notes”). The Notes were offered to the public at a price of 99.553% of their face amount. The sale of the Notes is expected to close on June 12, 2017, subject to satisfaction of customary closing conditions. The Notes will mature on July 1, 2022 and will bear interest at a rate of 2.625% per annum, payable semi-annually in arrears on January 1 and July 1 of each year, commencing on January 1, 2018. The Company intends to use the[...]
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Mary Liz DePalma
Director of 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
