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...
LOS ANGELES--(BUSINESS WIRE)--
Today Air Lease Corporation (NYSE: AL) announced two new Airbus aircraft delivered to Sunclass Airlines of Denmark, including one new A321-200neo and one new A330-900neo. Both aircraft delivered to Sunclass Airlines this December on long-term lease from ALC’s order book with Airbus.
“We are pleased to announce the first of two A321-200neos and the first of three A330-900neos delivered to Sunclass Airlines,” said Steven Udvar-Házy, Executive Chairman of Air...
LOS ANGELES--(BUSINESS WIRE)--
Air Lease Corporation (NYSE: AL) announced today the first of 25 new Boeing 737-8 aircraft delivered to Malaysia Airlines Berhad from ALC’s order book with Boeing. Featuring CFM LEAP 1B-27 engines, this new Boeing aircraft is the first 737-8 addition to Malaysia Airlines’ fleet.
“We are thrilled to announce ALC’s first of 25 new Boeing 737-8 aircraft delivered to Malaysia Airlines,” said Steven Udvar-Házy, Executive Chairman of Air Lease Corporation. “Our s...
LOS ANGELES--(BUSINESS WIRE)--
Today Air Lease Corporation (NYSE: AL) announced one new Airbus A321-200neo aircraft delivered to LATAM Airlines. This A321-200neo aircraft is the first of eight new Airbus A321s confirmed to deliver to the South American carrier from ALC’s order book with Airbus. Two A321-200neos are scheduled to deliver to the airline from ALC in 2023 and 2024, followed by five A321 XLRs starting in 2025 through 2026.
“ALC is pleased to announce our first A321-200neo deli...
LOS ANGELES--(BUSINESS WIRE)--
Air Lease Corporation (NYSE: AL) (the “Company”) announced the pricing on November 20, 2023 of its offering of C$500 million aggregate principal amount of 5.400% senior unsecured medium-term notes due June 1, 2028 (the “Notes”). The sale of the Notes is expected to close on November 29, 2023, subject to satisfaction of customary closing conditions.
The Notes will mature on June 1, 2028and will bear interest at a rate of 5.400% per annum, payable semi-annual...
DUBAI, United Arab Emirates--(BUSINESS WIRE)--
DUBAI AIR SHOW – Today Air Lease Corporation (NYSE: AL) announced long-term lease contracts for 18 new Boeing 737-8 aircraft with EGYPTAIR. These new Boeing aircraft are confirmed to deliver to the airline beginning in 2025 through 2026 from ALC’s order book with Boeing. This is the first deal between ALC and the Egyptian flag carrier and the first 737-8 addition to the EGYPTAIR fleet.
“We are pleased to announce this deal for 18 new Boeing...
LOS ANGELES--(BUSINESS WIRE)--
Today Air Lease Corporation (NYSE: AL) announced one new Airbus A321-200neo aircraft delivered to ITA Airways. This aircraft is the first of nine new Airbus A321s confirmed to deliver to the Italian airline from ALC’s order book with Airbus in 2023 through 2025.
“ALC is pleased to announce this delivery of one new Airbus A321-200neo aircraft to ITA Airways and be the first to introduce the A321neo to the airline,” said Steven F. Udvar-Házy, Executive Chairm...
LOS ANGELES--(BUSINESS WIRE)--
Air Lease Corporation (ALC) (NYSE: AL) announces financial results for the three and nine months ended September 30, 2023.
“ALC’s healthy third quarter performance reflects continued strength in the underlying fundamentals of our business. Aircraft demand remains very strong, while supply chain and other OEM challenges will continue to constrain the supply of commercial aircraft. We are also pleased by the attractive valuations that we are seeing i...
LOS ANGELES--(BUSINESS WIRE)--
Today, Air Lease Corporation (NYSE: AL) announced long-term lease placements for two new Boeing 737-8 aircraft with LOT Polish Airlines. Both aircraft are scheduled to deliver to LOT in mid-2024, and will add to the 11 Boeing 737-8s and one 787-9 Dreamliner aircraft already on lease from ALC.
“We are pleased to further expand our long-term relationship with LOT by leasing the airline an additional two new 737-8 jet aircraft. ALC has played an important stra...
LOS ANGELES--(BUSINESS WIRE)--
Today Air Lease Corporation (NYSE: AL) announced an update on aircraft investments and sales activities occurring in the third quarter of 2023.
As of September 30, 2023, ALC’s fleet was comprised of 448 owned aircraft and 79 managed aircraft, with 351 new aircraft on order from Boeing and Airbus set to deliver through 2029.
Aircraft Investments
Delivered eight new aircraft from ALC’s order book including two Airbus A220-300s, t...