Air Lease Corp Stock Price, News & Analysis

Air Lease Corporation (NYSE: AL) has priced two public offerings totaling $1.1 billion: $600 million in 0.80% senior unsecured medium-term notes due August 18, 2024, and $500 million in 2.10% senior unsecured medium-term notes due September 1, 2028. The offerings, set to close on August 18, 2021, will support general corporate purposes, including aircraft purchases and debt repayment. Interest for the 2024 Notes is 0.80% per annum, while the 2028 Notes bear 2.10%, payable semi-annually starting in 2022.

Air Lease Corporation (AL) reported its Q2 2021 financial results, revealing total revenues of $491.9 million, down 5.7% from 2020. Net income available to common shareholders decreased 40.5% to $85.6 million, largely due to reduced revenues and higher depreciation. The company's operating cash flow improved by 28.7%, totaling $602.7 million. ALC acquired 12 aircraft, raising its fleet's net book value to $21.5 billion. Fitch Ratings upgraded ALC’s outlook to stable post issuance of $1.8 billion in Medium-Term Notes.

Air Lease Corporation (NYSE: AL) has secured long-term leases for ten used Airbus A320-200 aircraft with Allegiant, with deliveries scheduled from Fall 2021 to Summer 2022. Executive Chairman Steven F. Udvar-Házy highlighted that these aircraft will enhance Allegiant's all-Airbus fleet and support its North American expansion. Allegiant's Senior Vice President, Robert Neal, noted the efficiency and extended service life of the young A320s will be beneficial for their fleet strategy. The press release also includes forward-looking statements regarding expected delivery timelines.

Air Lease Corporation (NYSE: AL) has delivered its first Airbus A321neo aircraft on a long-term lease to SKY in Chile. This marks a significant milestone as it is the inaugural Airbus A321neo to operate in the country. Matthew Stevens, ALC's Assistant Vice President of Marketing, expressed excitement about the delivery, highlighting its potential to enhance sustainability and operational efficiency for SKY.

Air Lease Corporation (NYSE: AL) reported a substantial update on aircraft investments and financing as of June 30, 2021. The fleet includes 354 owned and 89 managed aircraft, with 339 new orders from Boeing and Airbus set for delivery through 2027. In Q2, the company delivered 12 new aircraft and invested approximately $1 billion in aircraft. Financing activities included issuing $1.2 billion of senior unsecured notes and a credit facility increase to $6.4 billion. ALC’s long-term rating from Fitch was affirmed at BBB, with a stable outlook.

Air Lease Corporation (NYSE: AL) will conduct a conference call on August 5, 2021, at 4:30 PM ET to discuss its financial results for Q2 2021. Investors can join by calling (855) 308-8321 domestically or (330) 863-3465 internationally, using passcode 2778579. The call will also be streamed live on the company's website, with a replay available from 7:30 PM ET on the same day until August 12, 2021. ALC, based in Los Angeles, specializes in aircraft leasing to global airline customers.

Blackbird Capital II LLC has successfully closed a $745 million Fixed Rate Notes offering, consisting of $630 million of Series A Notes at a 2.443% rate and $115 million of Series B Notes at a 3.446% rate. The Notes are rated A1 and Baa1 by Moody's and backed by 18 aircraft, which have an average age of 2.9 years, leased to 12 lessees across 11 countries. Proceeds will refinance existing loans and acquire the aircraft. The offering was coordinated by BofA Securities and involves several financial institutions, ensuring continued investment in the aviation sector.

Air Lease Corporation (NYSE: AL) announced that Steven F. Udvar–Házy, Executive Chairman, will speak at the Jefferies Airlines Summit on June 15, 2021, at 12:00 p.m. Eastern Time. The event will be broadcast live on the company’s Investors page, and attendees can access the webcast directly via a provided link. ALC specializes in purchasing and leasing commercial aircraft worldwide. Investors are encouraged to regularly check the ALC website for important updates.

Air Lease Corporation (NYSE: AL) has successfully delivered its first Airbus A350-900 aircraft with Rolls-Royce Trent XWB engines on long-term lease to World2Fly, a Spanish airline. This delivery marks the initial phase of ALC's order of two A350-900 aircraft for World2Fly. Matthew Stevens, Assistant VP of Marketing at ALC, expressed confidence that the A350-900 will enhance World2Fly's market presence. The press release includes forward-looking statements about future deliveries, underscoring the potential for significant performance variations.