LOS ANGELES, July 27, 2015 - Air Lease Corporation (NYSE: AL) announced a long term lease agreement with Air Vanuatu, an international airline based in Port Vila, Vanuatu, for one new Boeing 737-800. The aircraft is from ALC’s order book with Boeing and will deliver in January 2016.
“ALC is very pleased to announce this strategic new 737-800 lease placement with Air Vanuatu, a new customer for ALC in the South Pacific region. We look forward to a long-term relationship with the airline as they grow and modernize their fleet,” said Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer.
“Air Vanuatu looks forward to the[...]
Air Lease Corporation Announces the Placement of One Additional New Airbus A330-200 with Hawaiian Airlines
LOS ANGELES, July 22, 2015 - Air Lease Corporation (NYSE: AL) announced another long term lease agreement with Hawaiian Airlines for one additional new Airbus A330-200. This aircraft is from ALC’s order book with Airbus and will deliver in the second quarter of 2016.
“ALC is pleased to be leasing a second new A330-200 to Hawaiian Airlines. This aircraft will support Hawaiian’s expanding route network and long haul frequencies and we are delighted to be expanding our relationship,” said John L. Plueger, Air Lease Corporation’s President and Chief Operating Officer.
This press release contains forward-looking statements within[...]
LOS ANGELES, July 20, 2015 - Air Lease Corporation (NYSE: AL) announced long term lease agreements with Frontier Airlines, an ultra-low-cost carrier based in the United States, for two new Airbus A320-200s. These aircraft are from ALC’s order book with Airbus and will deliver in the second and third quarters of 2016.
“We remain focused on our Low Fares Done Right business model for long-term success, and we look forward to working with Air Lease Corp. to achieve it.”
“We are pleased to announce these strategic lease placements with Frontier Airlines, a new customer for ALC. We look forward to a successful long-term relationship with Frontier as it continues to[...]
LOS ANGELES, June 30, 2015 -- Air Lease Corporation will host a conference call on August 6, 2015 at 4:30 PM Eastern Time to discuss the Company's financial results for the second quarter of 2015.
Investors can participate in the conference call by dialing (877) 280-2126 domestic or (678) 562-4234 international. The passcode for the call is 60908790.
The conference call will also be broadcast live through a link on the Investor Relations 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[...]
Air Lease Corporation Announces Lease Placements of Seven New Airbus A320neo Family Aircraft with Air Astana
LOS ANGELES, California, June 16, 2015 — Today Air Lease Corporation (NYSE: AL) announced long term lease agreements for seven new Airbus A320neo Family aircraft with Air Astana, the national airline of Kazakhstan. The seven aircraft include two new A320neos and five new A321neos and LRs, all from ALC’s order book with Airbus. One A320neo is scheduled to deliver in Spring 2016, while the remaining six aircraft will deliver in 2018 and 2019.
“We have a long history and an excellent relationship with Air Astana, and we are pleased with the opportunity to be a part of modernizing their fleet,” said Alex Khatibi, Executive Vice President of Air Lease[...]
Air Lease Corporation Announces New Lease Contracts for Eight New Boeing 787-10 Aircraft with Vietnam Airlines
LOS ANGELES, California, June 15, 2015 — Today Air Lease Corporation (NYSE: AL) announced new long term lease contracts with Vietnam Airlines that converted the formerly contracted eight Boeing 787-9 aircraft to eight new Boeing 787-10s. These aircraft are from ALC’s order book with Boeing and deliveries are scheduled to begin in 2019 and continue through 2021. The Boeing 787-10 Dreamliner will be the largest aircraft in Vietnam Airlines’ fleet.
“We have worked closely with Vietnam Airlines’ management team for over two decades, providing new and efficient aircraft to optimize their fleet. As Vietnam rolls out a major widebody fleet upgrade, this transaction[...]
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[...]
Air Lease Corporation Announces Lease Placements of Three New Boeing 737-800 Aircraft with China Eastern Airlines
LOS ANGELES, California, June 10, 2015 — Today Air Lease Corporation (NYSE: AL) announced long term lease agreements with China Eastern Airlines for three new Boeing 737-800 aircraft. The aircraft are from ALC’s order book with Boeing and are scheduled for delivery in 2016.
“We have worked closely with China Eastern Airlines’ management team to develop long term jet aircraft leasing programs to optimize their fleet. The airline has already leased 15 new Airbus and Boeing jets from ALC, all of which have been delivered to the airline. The three additional 737-800s announced today bring the total to eighteen aircraft, demonstrating the importance of this continued[...]
Air Lease Corporation Announces Amendment and Extension of $2.66 Billion Senior Unsecured Revolving Credit Facility
LOS ANGELES, California, June 1, 2015 — Today Air Lease Corporation (the “Company”) amended and extended its four-year unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent and the lenders named therein (as amended, the “Syndicated Unsecured Revolving Credit Facility”) whereby the Company extended the maturity date from May 5, 2018 to May 5, 2019 and increased the revolving commitments thereunder by an additional $350 million. The Syndicated Unsecured Revolving Credit Facility remains priced at LIBOR plus 125 basis points with a 25 basis point facility fee, subject to reductions based on improvements in the Company’s credit ratings.[...]Read more...
SOURCE: Wizz Air
Budapest, May 20, 2015: Wizz Air, the largest low-cost airline in Central and Eastern Europe, announced today its first lease agreement with Air Lease Corporation (NYSE: AL) for one Airbus A320 to be delivered in July, planned to be the 63rd A320 aircraft in Wizz Air’s fleet. Terms of the agreement were not announced.
“We are excited to begin a new relationship with ALC due in part to the company’s outstanding reputation and portfolio, and also because its founder, Steven F. Udvar-Hazy, is originally from Budapest, the home city of our airline,” said József Váradi, Wizz Air CEO. “This makes our new agreement particularly meaningful to all[...]
LOS ANGELES, California, May 21, 2015 — Today Air Lease Corporation (NYSE: AL) announced the delivery of one new Airbus A321-200 on long term lease to Sichuan Airlines (China), marking the operator’s 100th airplane in their current fleet. The aircraft, outfitted with Sharklets and powered by IAE V2533 engines, is from ALC’s order book with Airbus. The delivery supplements numerous Airbus A330, A321 and A319 aircraft already on lease to Sichuan by ALC.
“We are proud of being able to contribute to Sichuan Airlines’ growth in the past, and we are privileged to deliver Sichuan Airlines’ 100th aircraft to them today. We appreciate the great relationship with the[...]
Air Lease Corporation Announces the Lease Placement of Two New Boeing 787-9 Aircraft with Hainan Airlines
LOS ANGELES, California, May 11, 2015 — Today Air Lease Corporation (NYSE: AL) announced long term lease agreements with Hainan Airlines for two new Boeing 787-9 aircraft, both from ALC’s order book with Boeing. ALC has ordered 46 new Boeing 787-9 and 787-10 aircraft in total for deliveries beginning in spring 2016.
"We are pleased to announce that the first of these two new Boeing 787-9s leased to Hainan Airlines will be ALC’s very first Boeing 787-9 delivery. As the longest-range wide-body aircraft in Hainan’s fleet, these 787-9s will offer additional range and capacity capabilities beyond the airline’s Boeing 787-8 aircraft already in operation. This placement[...]
Los Angeles, California, May 7, 2015 — Air Lease Corporation (ALC) (NYSE: AL) announced today financial results for the three months ended March 31, 2015. The PDF file containing the full earnings release is available for download at www.airleasecorp.com/press.Read more...
Air Lease Corporation Announces the Lease Placement of One Additional New Airbus A321-200 CEO with Volaris
LOS ANGELES, California, May 4, 2015 — Today Air Lease Corporation (NYSE: AL) announced a long term lease agreement with Volaris (NYSE: VLRS and BMV: VOLAR) the ultra-low-cost airline serving Mexico and the United States, for one additional new Airbus A321-200 CEO aircraft with Sharklets powered by IAE V2533-A5 engines. This aircraft is from ALC’s order book with Airbus and scheduled for delivery in spring 2016.
"This marks our third new A321-200 placed on long term lease with Volaris and we're very proud to be expanding our relationship with such a leading airline. The A321-200 is well suited to Volaris’ growth plans and is indicative of the solid demand we see for[...]
LOS ANGELES, California, April 27, 2015 — Today Air Lease Corporation (NYSE: AL) announced the delivery one Boeing 737-800 NG aircraft (MSN 30286) to Belavia (Belarus) on long term lease from ALC. The delivery of the aircraft, which was formerly on lease from ALC to Air Berlin, occurred on April 22, 2015.
“We are extremely pleased to continue our long-standing relationship with Belavia, and look forward to furthering the expansion of their aircraft fleet and operations,” said Steven F. Udvar-Házy, Chairman and Chief Executive Officer of Air Lease Corporation.
This press release contains forward-looking statements within the[...]