20 Jun 2017

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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15 Jul 2014

Air Lease Corporation orders 7 additional ATR 72-600s

SOURCE: ATR; July 15, 2014

The U.S. leasing company has placed orders for new ATR 72-600s every year since 2010, for a total of 28 aircraft

On the occasion of the Farnborough Airshow, the European turboprop manufacturer ATR and the leasing company Air Lease Corporation (NYSE: AL) today signed an agreement for the purchase of seven additional ATR 72-600s. Air Lease Corporation (ALC) has purchased ATRs every year since its first contract at Farnborough in 2010. With today’s agreement, ALC now has 28 ATR 72-600s in its portfolio.ATRs are currently operated by over 180 carriers worldwide thanks to their high reliability, comfort, and low operating costs for[...]

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18 Jul 2018

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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15 Jul 2014

Air Lease Corporation orders CFM LEAP-1A to power A320neos

SOURCE: CFM International; July 15, 2014

Order valued at $520 million U.S.
Has orders for both LEAP-1A and LEAP-1B variants

FARNBOROUGH, England —15 July 2014 — Air Lease Corporation (NYSE: AL) today announced that it has selected CFM International’s advanced LEAP-1A engine to power 20 Airbus A320neo family aircraft. CFM values the order at $520 million U.S. at list price. The aircraft were originally announced in June 2012.

“We think the LEAP-1A-powered A320neo aircraft will be an important part of our portfolio going forward,” said Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer. “The engine has racked up[...]

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18 Jul 2018

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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15 Jul 2014

Air Lease Corporation places $520 million order for CFM LEAP-1B engines

SOURCE: CFM International; July 15, 2014

Takes total LEAP-1B orders to 208 engines

FARNBOROUGH, England – 15 July 2014 — Air Lease Corporation (NYSE: AL) today announced an order for a total of 40 LEAP-1B engines to power 10 new Boeing 737 MAX 8 aircraft as well as engines for 10 additional MAX 8 aircraft that were part of a previously unidentified order. CFM values the total order at $520 million U.S. at list price.

“We believe the LEAP-1B-powered Boeing 737 MAX 8 aircraft will be a key part of our fleet going forward,” said Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer. “These advanced technology engines[...]

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18 Jul 2018

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[...]

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14 Jul 2014

Air Lease Corporation Selects GEnx Engines for Boeing 787 Dreamliner Fleet

SOURCE: GE Aviation; July 14, 2014

EVENDALE, OH -- Air Lease Corporation (NYSE: AL) selected GEnx-1B engines to power 30 Boeing 787 Dreamliner aircraft. The list price for the engine order is valued at more than $1.4 billion (USD).

"We are pleased to offer these GEnx-1B-powered 787 Dreamliner aircraft to our customers. This engine has demonstrated excellent operational performance and environmental efficiency and will help deliver real advantages to airline operators," said John Poerschke, Senior Vice President of Air Lease Corporation.

"GE Aviation is proud Air Lease Corporation has selected the GEnx engines as an offering for its Boeing 787 Dreamliner fleet,"[...]

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18 Jul 2018

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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19 Jun 2013

Air Lease Corporation Selects Pratt & Whitney PurePower® Engines for Airbus A320/A321 neo Aircraft

SOURCE: Pratt & Whitney; June 19, 2013

PARIS, June 19, 2013 – Air Lease Corporation (NYSE:AL) has signed a Memorandum of Understanding for Pratt & Whitney PurePower PW1100G-JM engines to power its order of 30 firm A320/A321 neo aircraft. Deliveries are scheduled to start in 2016. Pratt & Whitney is a division of United Technologies Corp. (NYSE:UTX).

“We are pleased to add these Pratt & Whitney PurePower PW1100G-JM-powered Airbus A320/A321 neo aircraft to our portfolio to help airlines continue to grow their fleets with the latest technology and fuel efficient aircraft,” said John Poerschke, Senior Vice President of Air Lease Corporation.

“Pratt &[...]

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14 Jul 2014

Air Lease Corporation signs for 25 A330neo and 60 A321neo

SOURCE: Airbus; July 14, 2014

Leading lessor announces first commitment for A330neo

Air Lease Corporation (ALC), the Los Angeles based aircraft leasing company, has announced a Memorandum of Understanding (MoU) for 25 A330-900neo aircraft, becoming the first launch customer for the new Airbus Widebody. ALC simultaneously announced a firm order for 60 A321neo aircraft. The contract was signed today at the Farnborough International Airshow by Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer and Fabrice Brégier, Airbus President and CEO.

“The recently launched A330neo is a well-suited addition to ALC’s fleet as we[...]

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15 Jun 2015

ALC boosts portfolio with Airbus widebody & single-aisle aircraft

SOURCE: Airbus

Leading lessor signs for one A350-900 & four A320 Family aircraft

June 15, 2015 — Today at the 51st International Paris Air Show, Air Lease Corporation (NYSE: AL), the Los Angeles based aircraft leasing company, announced a firm order for additional Airbus widebody and single-aisle aircraft (1 A350-900, 1 A321ceo and 3 A320ceo*) to meet strong market demand for Airbus’ modern, fuel-efficient aircraft.

Including today’s announcement, ALC’s fast growing portfolio of Airbus aircraft stands at a total of 262, of which 66 are widebodies (15 A330ceo, 25 A330neo, 21 A350-900, 5 A350-1000) and 196 are single-aisles (30 A320ceo, 31 A320neo, 26[...]

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09 Mar 2015

ALC firms up order for 55 Airbus aircraft: Signals strong demand for Airbus’ latest A330neo and A321LR models

SOURCE: Airbus; March 9, 2015

Air Lease Corporation (ALC), the Los Angeles based aircraft leasing company, has firmed up its order for 55 Airbus aircraft, comprising 25 A330-900neo and 30 A321LR - the very latest members of Airbus’ modern, fuel-efficient aircraft family.

ALC was first to sign up for the newest member of Airbus’ market leading widebody family, the A330neo, announcing a commitment for 25 A330-900neo during the launch at the 2014 Farnborough International Airshow. ALC was also the first to commit to the A321LR, the newest variant of the A321neo, after signing a Memorandum of Understanding for 30 at the launch in January 2015, increasing its[...]

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11 Jul 2016

​ALC increases portfolio with three A350s and one A321

SOURCE: AirbusLessor to meet market demand with more modern and fuel-efficient aircraft
Air Lease Corporation (NYSE: AL), the Los Angeles based aircraft leasing company announced a firm order for three A350-900s and one A321 at the Farnborough Airshow to meet strong market demand for more modern and fuel-efficient aircraft. Including today’s announcement, ALC’s portfolio of Airbus aircraft stands at a total of 267, of which 70 are widebodies (16 A330ceo, 25 A330neo, 24 A350-900, 5 A350-1000) and 197 are single-aisles (30 A320ceo, 22 A320neo, 27 A321ceo, 118 A321neo). “These additional A350 and A321 aircraft were needed to fill ongoing customer lease placements[...]

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19 Jun 2017

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[...]

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