Air Lease Corp Stock Price, News & Analysis

Air Lease Corporation (NYSE: AL) announced the delivery of two new Airbus A350-1000 aircraft to Groupe Dubreuil Aéro, enhancing their fleet capabilities. One aircraft will serve Air Caraibes Atlantique, while the other will be the first A350-1000 in FrenchBee's fleet. This delivery underscores ALC's commitment to providing advanced, fuel-efficient aircraft to its airline partners, which include three A350-900s already leased to Groupe Dubreuil Aéro. ALC remains focused on global aircraft leasing and continues to expand its operations.

Air Lease Corporation (NYSE: AL) announced long-term lease agreements for two new Airbus A350-1000 aircraft with Virgin Atlantic, expected to deliver in 2023 and 2024. This move aligns with ALC's commitment to support Virgin Atlantic's fleet modernization and sustainable travel efforts. Executive Chairman Steven F. Udvar-Házy emphasized the long-standing partnership with the airline, highlighting the significance of these new aircraft in enhancing Virgin Atlantic's operations.

Air Lease Corporation (NYSE: AL) announced today the delivery of its first Airbus A321-200neo LR to Peach Aviation, marking a significant expansion in the airline's fleet operations. This long-term lease is part of ALC's ongoing partnership with Peach, which already includes two A320-200neos. The A321neo LR, equipped with CFM International LEAP-1A32 engines, enhances Peach Aviation's operational capabilities and supports its commitment to a modern, efficient fleet. ALC's strategy continues to focus on delivering advanced, fuel-efficient aircraft to its global airline customers.

Air Lease Corporation (NYSE: AL) announced that Gregory B. Willis, Executive Vice President and CFO, will participate in a fireside chat at the Stephens Annual Investment Conference on December 2 at 11:00 AM Eastern Time in Nashville, Tennessee. Virtual attendees can join via a provided link. The company emphasizes its role as a leading aircraft leasing firm, serving airline customers worldwide with customized leasing solutions. Investors are encouraged to visit ALC’s website for more updates and materials related to this event.

Air Lease Corporation (NYSE: AL) has delivered its first Airbus A321-200neo aircraft to China Airlines on a long-term lease. This aircraft, featuring Pratt & Whitney PW1133G-JM engines, is part of a confirmed order for six A321-200neos. CEO John L. Plueger highlighted the aircraft's significance for China Airlines' fleet expansion and modernization, emphasizing improved fuel efficiency and profitability. ALC's commitment to sustainability and enhanced passenger experience were also underscored. Forward-looking statements regarding future performance and deliveries were noted.

Air Lease Corporation (AL) has reported promising financial results for Q3 and the first nine months of 2021, with a 6.3% increase in revenues to $524.5 million, driven by record rental revenue and lease placements. The company achieved the highest quarterly rental revenue since inception, placing 64 aircraft in a single quarter. However, net income available to common stockholders declined by 14.2% to $100 million due to lower aircraft sales. AL plans to increase its quarterly dividend by 15.6% to $0.185 per share, marking the ninth increase in its history.

Air Lease Corporation (NYSE: AL) announced that CEO John L. Plueger will speak at the Airline Economics Growth Frontiers New York 2021 conference on October 21, 2021, at 10:20 AM ET. The discussion will feature a fireside chat format with Boeing Commercial Airplanes CEO Stan Deal. For more details, attendees can visit the conference website. Additionally, materials for the engagement will be available on Air Lease's Investors section prior to the presentation. Air Lease Corporation, based in Los Angeles, specializes in purchasing and leasing commercial aircraft to airlines globally.

Air Lease Corporation (NYSE: AL) provided an update on its aircraft investments, sales, and financing for Q3 2021. As of September 30, 2021, ALC owned 370 aircraft and managed 89, with 320 new aircraft on order for delivery through 2027. During the quarter, ALC delivered 16 new aircraft and invested approximately $800 million in aircraft. No aircraft sales occurred, and the company issued $1.1 billion in senior unsecured medium-term notes while upscaling its revolving credit facility to $6.5 billion.

Air Lease Corporation (NYSE: AL) has priced its public offering of 300,000 shares of 4.125% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C, with a $1,000 liquidation preference per share. The offering is expected to close on October 13, 2021. Dividends will accrue at 4.125% until December 15, 2026, after which the rate will adjust based on the U.S. Treasury Rate plus 3.149%. Proceeds will be used for general corporate purposes, including aircraft purchases and debt repayment.