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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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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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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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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17 Jul 2018

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[...]

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03 Apr 2018

Boeing, Air Lease Corporation Sign Order for Eight 737 MAX Airplanes

Order from leading airplane lessor reflects strong market demand for new and improved 737 jet
SOURCE: Boeing
SEATTLE, April 3, 2018 – Boeing [NYSE:BA] and Air Lease Corporation (NYSE: AL) (ALC) announced they have finalized an order for eight more 737 MAX 8 airplanes, valued at $936.8 million at list prices.
Air Lease Corporation (ALC), one of the world’s leading airplane lessors, has been a big buyer of the improved 737 airplane. This new order raises ALC’s total 737 MAX orders to 138. “These aircraft perfectly fit ALC’s and our airline lessees’ growing need for additional 737 MAX 8 aircraft. Our success in MAX placements to date speaks to the strong[...]

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21 Jun 2017

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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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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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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12 Jul 2016

​Boeing, Air Lease Corporation Announce Order for Six 737 MAXs

SOURCE: Boeing ALC’s total number of MAX orders grows to 118 FARNBOROUGH, United Kingdom, July 12, 2016 -- Boeing (NYSE: BA) and Air Lease Corporation (NYSE: AL) announced an order for six 737 MAX 8s at the Farnborough Airshow. Three of the orders are new, and three others were previously attributed to an unidentified customer. At list prices, the total order value is $660 million. “ALC already has lease agreements in place with seven different airlines for 737-8 MAX aircraft out of our Boeing delivery stream, starting in the fourth quarter of 2017," said Steven F. Udvar-Hazy, Executive Chairman of Air Lease Corporation. "The addition of more Boeing 737 MAX in our portfolio[...]

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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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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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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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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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