Air Lease Corporation to Host Investor Meeting to Discuss Thunderbolt II
LOS ANGELES, August 16, 2018 - Air Lease Corporation (NYSE: AL) announced today that the Company will be hosting a meeting on Thursday, September 6th at 3 p.m. Eastern Time to further discuss the Thunderbolt II transaction. Speaking from Air Lease will be Gregory B. Willis, Executive Vice President and Chief Financial Officer, and Ryan McKenna, Vice President and Head of Strategic Planning. This meeting is open to all investors and will more thoroughly cover the deal structure and value the platform provides to the broader Air Lease business. For investors interested in attending in person, the meeting will be held at The Peninsula New York located at 700 5th Ave, New York, NY[...]
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Air Lease Corporation Announces Second Quarter 2018 Results
Los Angeles, California, August 9, 2018 — Air Lease Corporation (ALC) (NYSE: AL) announces financial results for the three and six months ended June 30, 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 Initiates Portfolio Sale of 18 Aircraft to Thunderbolt II Aircraft Lease Limited
LOS ANGELES, August 6, 2018 - Air Lease Corporation announced today that the Company initiated the sale of a portfolio of 18 aircraft to Thunderbolt II Aircraft Lease Limited (“Thunderbolt II”), a newly formed entity. The aircraft comprise a mix of narrowbody and widebody jet aircraft that, as of April 30, 2018, had an average age of 8.0 years and were leased to 16 lessees based in 15 countries. Air Lease Corporation and its Irish affiliate, ALC Aircraft Limited, will act as servicers and portfolio manager with respect to the aircraft. ALC estimates that the process of transfer and sale of the majority of aircraft will occur progressively during Q3 and Q4[...]
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Air Lease Corporation Selects GEnx Engines for Additional Boeing 787 Dreamliners
SOURCE: GE Aviation
FARNBOROUGH, UK - July 18, 2018 - Air Lease Corporation selected GEnx-1B engines to power its three new Boeing 787 Dreamliners. The engine order if valued at more than $170 million (USD) list price.
“Air Lease Corporation’s order for additional GEnx-powered Boeing 787 Dreamliners demonstrates the continued confidence in the engine and aircraft,” said Chaker Chahrour, VP Global Sales & Marketing at GE Aviation. “The GEnx is the most popular engine powering the Boeing 787 Dreamliner and has set itself apart in its class.”
With more than 2,000 engines sold in less than 15 years since launching the program, the GEnx engine has solidified it as[...]
Air Lease Corporation Orders Additional Pratt & Whitney GTF™ Engines to Power 26 Airbus A320neo Family Aircraft
SOURCE: Pratt & Whitney FARNBOROUGH AIR SHOW, July 18, 2018 - Pratt & Whitney, a division of United Technologies Corp. (NYSE: UTX), and Air Lease Corporation (ALC) today announced an order for Pratt & Whitney GTF engines to power a pre-existing order between Airbus and ALC for 26 firm A320neo family aircraft. ALC previously ordered GTF engines to power 30 firm A320neo family aircraft. With today's announcement, ALC will manage a total of 56 GTF-powered A320neo family aircraft. "We're excited to power these additional 26 ALC aircraft with GTF engines," said Rick Deurloo, senior vice president of sales, marketing and customer support at Pratt & Whitney. "We appreciate ALC's[...]
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Air Lease Corporation Places $2.3 Billion CFM LEAP-1B Engine Order
Has purchased both LEAP engine models SOURCE: CFM International FARNBOROUGH, England - 18 July 2018 - Air Lease Corporation (NYSE: AL) has finalized its order for additional CFM International LEAP-1B engines to power 83 Boeing 737 MAX aircraft at a value of $2.3 billion U.S. at list price. The aircraft were previously announced. Air Lease Corporation (ALC) specializes in purchasing new commercial aircraft and leasing them to its airline customers worldwide through customized leasing and financing solutions. “The LEAP-1B is performing exceptionally well in airline services,” said Gaël Méheust, president and CEO of CFM International. “This continued vote[...]
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Air Lease Corporation Selects LEAP-1A in New $1.0 Billion Engine Order
Has purchased both LEAP engine models SOURCE: CFM International FARNBOROUGH, England - 18 July 2018 - Air Lease Corporation (NYSE: AL) has selected CFM International’s advanced LEAP-1A engine to power 34 previously announced Airbus A321neo aircraft in an order valued at just over $1.0 billion U.S. at list price. Air Lease Corporation (ALC) specializes in purchasing new commercial aircraft and leasing them to its airline customers worldwide through customized leasing and financing solutions. The LEAP engine family continues to perform exceptionally well in commercial service. There are 61 airlines currently operating more than 385 aircraft on five continents. [...]
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Boeing, Air Lease Corporation Announce Orders and Commitments for 78 Boeing Jets
Deal is valued at $9.6 billion and includes orders and commitments for 75 MAX 8s and three 787-9s
Large order from leading lessor reflects healthy commercial market demand
SOURCE: BOEING
FARNBOROUGH, United Kingdom, July 17, 2018 - Boeing [NYSE:BA] and Air Lease Corporation [NYSE: AL] today announced orders and commitments for up to 78 Boeing airplanes, including 75 737 MAX 8s and three 787-9 Dreamliners, at the 2018 Farnborough International Airshow.
The order, valued at $9.6 billion at current list prices, expands ALC’s 737 MAX portfolio to 213 jets. The three 787-9s and the first 20 737 MAX airplanes of the order are firm purchases. The subsequent 55 737 MAX airplanes[...]
Air Lease Corporation Announces Lease Placement of Four Boeing 737-8 MAX Aircraft with Belavia-Belarusian Airlines
FARNBOROUGH, United Kingdom, July 17, 2018 - Air Lease Corporation (NYSE: AL; “ALC”) announced today long-term lease agreements with Belavia-Belarusian Airlines for four new CFM LEAP-1B25-powered Boeing 737-8 MAX aircraft scheduled for delivery in 2019 and 2020. The first aircraft will deliver from ALC’s order book with Boeing in May 2019. “ALC is pleased to announce this placement with Belavia at Farnborough International Airshow today,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “The advance technologies in the MAX 8 aircraft will provide a new level of efficiency and comfort to Belavia’s customers, and we look forward to continuing[...]
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Air Lease Corporation Activity Update for the Second Quarter of 2018
LOS ANGELES, California, July 10, 2018 - Today Air Lease Corporation (NYSE: AL; “ALC”) announced an update on activity taking place in the second quarter of 2018: As of June 30, 2018, ALC’s fleet was comprised of 271 owned aircraft and 49 managed aircraft, with commitments to acquire a total of 358 new aircraft for delivery through 2023. ALC purchased 18 aircraft during the second quarter of 2018 14 new aircraft delivered from ALC’s orderbook including 6 Boeing 737 MAX 8s, 3 Boeing 787-9s, 3 Airbus A321neos and 2 Airbus A350-900s4 incremental, young Airbus A321-200s which were leased to an existing ALC customer Timing of orderbook deliveries and incremental aircraft[...]
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Air Lease Corporation Announces Second Quarter 2018 Earnings Conference Call
LOS ANGELES, July 5, 2018 - Air Lease Corporation (NYSE: AL) will host a conference call on August 9, 2018 at 4:30 PM Eastern Time to discuss the Company's financial results for the second 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 1497237. 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 the[...]
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Air Lease Corporation Announces Delivery of Boeing 787-9 Aircraft with LOT Polish Airlines
LOS ANGELES, June 27, 2018 - Air Lease Corporation (NYSE: AL; “ALC”) announced the delivery of one new Boeing 787-9 aircraft on lease to LOT Polish Airlines. This Boeing aircraft joins three B737-8 MAX aircraft currently on lease to LOT from ALC, with an additional three B737-8 MAX aircraft confirmed to deliver in 2018 and 2019 from ALC’s order book with Boeing. “We are pleased to announce the delivery of this Boeing 787-9 aircraft to LOT today,” said Alex Khatibi, Executive Vice President of Air Lease Corporation. “LOT is a pioneer in the European market and with this new 787-9 Dreamliner, the airline continues to demonstrate its highly competitive[...]
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Air Lease Corporation Announces Delivery of Airbus A321-200neo Aircraft with S7 Airlines
LOS ANGELES, June 26, 2018 - Today Air Lease Corporation (NYSE: AL; “ALC”) announced that S7 Airlines received its first new Airbus A321-200neo aircraft. This aircraft is the first of four Pratt & Whitney PW1133G-powered A321neos to be delivered in 2018 to S7 from ALC’s order book with Airbus. “The four new ALC A321neo aircraft bring a new level of operating efficiency and competitiveness to S7’s fleet,” said Alex Khatibi, Executive Vice President of Air Lease Corporation. “S7 is a highly regarded customer for ALC and this lease placement underlines our commitment to S7’s modernization and continued successful growth as a leading airline.”[...]
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Air Lease Corporation Announces Lease Placement of Two Airbus A320-200neo Aircraft with SAS
LOS ANGELES, June 20, 2018 - Air Lease Corporation (NYSE: AL; “ALC”) announced long-term lease agreements with SAS for two new CFM LEAP-1A26-powered Airbus A320-200neo aircraft scheduled for delivery in November 2019 and April 2020. “We are pleased to announce this new lease placement with SAS,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “ALC looks forward to building our long-term relationship with SAS as they continue to add new aircraft to modernize their fleet and grow their network, as well as maximize their competitive advantage in the market.” Marc Baer, Air Lease Corporation’s Executive Vice President added, “ALC expects[...]
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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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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
