LOS ANGELES--(BUSINESS WIRE)--
Air Lease Corporation (ALC) (NYSE: AL) announces financial results for the three months ended March 31, 2024.
“With aircraft in short supply and values rising, we benefit from continued fleet expansion and sales activity in an industry backdrop that remains positive. We see this environment continuing for the near to medium term future,” said John L. Plueger, Chief Executive Officer and President, and Steven F. Udvar-Házy, Executive Chairman of the Board.
F...
LOS ANGELES--(BUSINESS WIRE)--
Air Lease Corporation (NYSE: AL) amended and extended its senior unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent whereby the company extended the final maturity date of the facility from May 5, 2027 to May 5, 2028 and amended the total revolving commitments to approximately $7.8 billion from $7.4 billion across 52 financial institutions as of May 5, 2024. The senior unsecured revolving credit facility accrues interest at...
LOS ANGELES--(BUSINESS WIRE)--
Today Air Lease Corporation (NYSE: AL) announced an update on aircraft investments, sales, and significant financing activities occurring in the first quarter of 2024.
As of March 31, 2024, ALC’s fleet was comprised of 472 owned aircraft and 73 managed aircraft, with 320 new aircraft on order from Boeing and Airbus set to deliver through 2028.
Aircraft Investments
Delivered 14 new aircraft from ALC’s order book including two Airbus A220s, one Airbus A320...
LOS ANGELES--(BUSINESS WIRE)--
Air Lease Corporation (NYSE: AL) will host a conference call on May 6, 2024 at 4:30 PM Eastern Time to discuss the Company's financial results for the first quarter of 2024.
Investors can participate in the conference call by dialing 1 (888) 660-6652 domestic or 1 (646) 960-0554 international. The passcode for the call is 5952437.
The conference call will also be broadcast live through a link on the Investors page of the Air Lease Corporation website at www....
LOS ANGELES--(BUSINESS WIRE)--
Air Lease Corporation (NYSE: AL) (the “Company”) announced the closing on March 27, 2024 of its previously announced offering of €600 million aggregate principal amount of 3.70% senior unsecured medium-term notes due April 15, 2030 (the “Notes”). The Notes mature on April 15, 2030 and bear interest at a rate of 3.70% per annum, payable annually in arrears on April 15 of each year, commencing on April 15, 2024.
“We are pleased to announce the successful closing...
LOS ANGELES--(BUSINESS WIRE)--
Air Lease Corporation (NYSE: AL) (the “Company”) announced the pricing on March 20, 2024 of its offering of €600 million aggregate principal amount of 3.70% senior unsecured medium-term notes due April 15, 2030 (the “Notes”). The sale of the Notes is expected to close on March 27, 2024, subject to satisfaction of customary closing conditions.
The Notes will mature on April 15, 2030 and will bear interest at a rate of 3.70% per annum, payable annually in arrears...
LOS ANGELES--(BUSINESS WIRE)--
Today Air Lease Corporation (NYSE: AL) announced long-term lease agreements for two new Airbus A321-200neo aircraft with Transavia. Confirmed to deliver in late 2025 and early 2026, these two new Airbus A321-200neos join seven A321-200neos ALC has leased to Transavia. The first ALC A321neo aircraft delivered to Transavia in December 2023 and was the first A321-200neo to join the Dutch carrier’s fleet.
“ALC is pleased to announce this transaction for two additio...
LOS ANGELES--(BUSINESS WIRE)--
Air Lease Corporation (NYSE: AL) 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 speaking at the J.P. Morgan Industrials Conference 2024 in New York City on Wednesday, March 13, 2024 at 1:30 p.m. Eastern Time. ALC’s participation will be broadcast live through a link on the Investors page of the Air Lease Corpo...
LOS ANGELES--(BUSINESS WIRE)--
Today Air Lease Corporation (NYSE: AL) announced long-term lease agreements for three new Boeing 787-9 aircraft with Thai Airways International. These three Dreamliner aircraft are confirmed to deliver to the Thai carrier in 2025 from ALC’s order book with Boeing.
“We are pleased to announce this transaction for three new Boeing 787-9 aircraft with new customer, Thai Airways International,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation....
LOS ANGELES--(BUSINESS WIRE)--
Air Lease Corporation (NYSE: AL) (the “Company”) announced the pricing on February 20, 2024 of its offering of C$400 million aggregate principal amount of additional 5.40% senior unsecured medium-term notes due June 1, 2028 (the “Notes”). The sale of the Notes is expected to close on February 28, 2024, subject to satisfaction of customary closing conditions.
The Notes will mature on June 1, 2028 and will bear interest at a rate of 5.40% per annum, payable semi-...
LOS ANGELES--(BUSINESS WIRE)--
Air Lease Corporation (ALC) (NYSE: AL) announces financial results for the three months and year ended December 31, 2023.
“Fourth quarter and full-year performance at ALC was very strong. With the exception of the benefit of tax reform in 2017, we achieved record revenues and profits for the 4th quarter, with net income increasing 56% and revenues increasing 19% over the prior year’s quarter. Similarly, for the full year 2023 we enjoyed record reve...
LOS ANGELES--(BUSINESS WIRE)--
Air Lease Corporation (NYSE: AL) (the “Company”) announced the pricing on January 17, 2024 of its public offering of $500.0 million aggregate principal amount of 5.10% senior unsecured medium-term notes due March 1, 2029 (the “Notes”). The sale of the Notes is expected to close on January 24, 2024, subject to satisfaction of customary closing conditions.
The Notes will mature on March 1, 2029 and will bear interest at a rate of 5.100% per annum, payable se...
LOS ANGELES--(BUSINESS WIRE)--
Today Air Lease Corporation (NYSE: AL) announced an update on aircraft investments, sales, and significant financing activities occurring in the fourth quarter of 2023.
As of December 31, 2023, ALC’s fleet was comprised of 463 owned aircraft and 78 managed aircraft, with 334 new aircraft on order from Boeing and Airbus set to deliver through 2029.
Aircraft Investments
Delivered 22 new aircraft from ALC’s order book including si...
LOS ANGELES--(BUSINESS WIRE)--
Air Lease Corporation (NYSE: AL) will host a conference call on February 15, 2024 at 4:30 PM Eastern Time to discuss the Company’s financial results for the fourth quarter and year end 2023.
Investors can participate in the conference call by dialing 1 (888) 660-6652 domestic or 1 (646) 960-0554 international. The passcode for the call is 5952437.
The conference call will also be broadcast live through a link on the Investors page of the Air Lease Co...
LOS ANGELES--(BUSINESS WIRE)--
Today Air Lease Corporation (NYSE: AL) announced one new Airbus A321-200neo aircraft delivered to Transavia. This aircraft is the first of seven new Airbus A321s confirmed to deliver to Transavia on long-term lease from ALC’s order book with Airbus and the first A321-200neo to join the Dutch carrier’s fleet.
“ALC is pleased to announce the first of seven A321-200neo aircraft delivered today to our longtime customer, Transavia,” said Grant Levy, Executive Vi...