Air Lease Corp Stock Price, News & Analysis

Air Lease Corporation (NYSE: AL) announced long-term lease agreements for nine new Boeing 737 aircraft with Aeromexico, consisting of two 737-8s and seven 737-9s. Deliveries are scheduled between July 2022 and August 2023 from ALC’s orderbook with Boeing. ALC is Aeromexico’s largest lessor, enhancing the airline's operational efficiency with modern, fuel-efficient technology. The partnership aims to modernize Aeromexico's fleet, reflecting an ongoing commitment to environmentally friendly aviation.

Air Lease Corporation (NYSE: AL) has announced the long-term lease of 15 new Airbus A321XLR aircraft to Air Canada, with deliveries scheduled for 2024 and 2025. This agreement aims to enhance Air Canada's network expansion and aligns with its sustainability goals, including cost reduction and emissions management. Air Lease's CEO, John L. Plueger, emphasized the significance of this partnership, while Air Canada's CFO, Amos Kazzaz, highlighted its importance for maintaining competitive advantage and fulfilling ESG objectives.

Air Lease Corporation (NYSE: AL) announced its participation in the J.P. Morgan Industrials Conference 2022 on March 16, 2022, at 10:30 a.m. Eastern Time. Executives including Steven F. Udvar-Házy, John L. Plueger, and Gregory B. Willis will speak during the event. Attendees can access the live broadcast through the Air Lease Corporation website or via a provided link. ALC is a leading aircraft leasing company based in Los Angeles, offering customized leasing solutions to airline customers worldwide.

Air Lease Corporation (NYSE: AL) announced long-term lease agreements for nine new Boeing 737 aircraft with Corendon Airlines Group. The deal entails the delivery of five 737-8 aircraft in Spring 2022 and one in Q1 2023, alongside three 737-9 aircraft scheduled for the first half of 2023. These modern aircraft are intended to enhance Corendon's fleet operations and passenger experience. Executive Chairman Steven F. Udvar-Házy highlighted ALC's significant role in supporting Corendon's operations across multiple countries.

Air Lease Corporation (AL) reported strong fourth quarter and full-year 2021 results, driven by a recovery in the airline industry. Revenues rose 22.1% in Q4 to $597 million and 3.6% for the year to $2.1 billion. Despite increased revenues, net income declined by 18.6% to $408 million due to lease restructurings and cash basis accounting impacts. The company announced a historic aircraft order with Airbus for 116 planes and planned to repurchase $150 million of common shares. Lease utilization reached 99.8%, reflecting strong demand.

Air Lease Corporation (NYSE: AL) announced a significant long-term lease of 25 new Boeing 737-8 aircraft to Malaysia Aviation Group (MAG), starting delivery in early 2023 through 2026. This partnership aims to enhance Malaysia Airlines' operational efficiencies and support their Long-Term Business Plan 2.0, which emphasizes sustainability and improved fleet performance, including fuel efficiency improvements of up to 15%. Malaysia Airlines currently leases six Airbus A350-900 aircraft from ALC.

Air Lease Corporation (NYSE: AL) provided an update on aircraft investments, sales, and financing for Q4 2021. By December 31, 2021, ALC's fleet included 382 owned and 92 managed aircraft, with 416 new orders from Boeing and Airbus due through 2028. In Q4, ALC delivered 15 new aircraft, totaling investments of approximately $1.2 billion. The company sold three aircraft and raised $300 million through preferred stock issuance. Additionally, it increased its revolving credit facility to $6.8 billion.

Air Lease Corporation (NYSE: AL) priced its public offering of $750 million of 2.20% senior unsecured medium-term notes due January 15, 2027, and $750 million of 2.875% senior unsecured medium-term notes due January 15, 2032. The offering is expected to close on January 12, 2022. Proceeds will be utilized for general corporate purposes including purchasing commercial aircraft and repaying existing debt. The notes will bear interest payable semi-annually starting July 15, 2022.

Air Lease Corporation (NYSE: AL) will hold a conference call on February 17, 2022, at 4:30 PM Eastern Time to discuss its financial results for the fourth quarter and year end 2021. Investors can join the call by dialing (855) 308-8321 domestically or (330) 863-3465 internationally, using the passcode 4160718. A live broadcast will be available on the Air Lease Corporation website, with a replay accessible from February 17, 2022, 7:30 PM ET to February 24, 2022, at the same number.