Welcome to our dedicated page for Air Lease news (Ticker: AL), a resource for investors and traders seeking the latest updates and insights on Air Lease stock.
Air Lease Corporation (NYSE: AL) is a global aircraft leasing company based in Los Angeles, California, with airline customers throughout the world. This news page aggregates company-specific updates for AL, focusing on aircraft investments, lease placements, sales activity, financial results, and the company’s pending merger with a consortium-backed holding company.
Recent news releases highlight Air Lease’s ongoing aircraft deliveries from its orderbook with Airbus and Boeing, including new Airbus A220 and A321neo family aircraft and Boeing 737 and 787 models. The company regularly announces long-term lease agreements with airlines in various regions, such as Uzbekistan-based Qanot Sharq, startup Vietnamese carrier Sun PhuQuoc Airways, and new airline Magnifica Air, illustrating how Air Lease places modern commercial aircraft with a diverse set of airline partners.
Investors following AL news will also find quarterly activity updates summarizing aircraft investments, sales to third-party buyers, and key portfolio metrics, as well as earnings releases that discuss rental revenue trends, gains on aircraft sales, insurance recoveries related to the former Russian fleet, and selected financial ratios. These disclosures provide insight into how the company’s fleet, orderbook, and financial performance are evolving over time.
A significant portion of recent news coverage relates to Air Lease’s definitive merger agreement with Sumisho Air Lease Corporation Designated Activity Company, a new holding company whose shares are held by Sumitomo Corporation, SMBC Aviation Capital Limited, and affiliates of Apollo and Brookfield. News items describe the entry into the merger agreement, the expiration of the Hart-Scott-Rodino waiting period, and stockholder approval of the transaction, along with the company’s expectation that the merger will close in the first half of 2026, subject to customary conditions.
By monitoring this page, readers can review Air Lease’s official Business Wire announcements on fleet developments, customer partnerships, financial results, and the progress of the proposed acquisition, all in one place.
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.
Air Lease Corporation (NYSE: AL) will host a conference call on November 4, 2021 at 4:30 PM ET to discuss its third-quarter financial results. Investors can join by calling (855) 308-8321 domestically or (330) 863-3465 internationally, using passcode 4987315. The call will also be available via live broadcast on the company's website. A replay of the conference call will be accessible from 7:30 PM ET on November 4 until 7:30 PM ET on November 11, with the same dial-in information.
Air Lease Corporation (NYSE: AL) has secured a significant deal with ITA, Italy's new national airline, to lease 31 new Airbus aircraft, including A220s, A320neos, A321neos, and A330-900neos. Deliveries will commence in late 2022 and extend through early 2025. Additionally, ITA has signed a Memorandum of Understanding with Airbus for 28 new aircraft purchases. This partnership aims to establish an environmentally friendly fleet while enhancing operational efficiency. ALC's Executive Chairman expressed pride in supporting ITA's growth strategy.
Air Lease Corporation (NYSE: AL) has delivered its first of 13 Boeing 737-9 aircraft on long-term lease to
Air Lease Corporation (NYSE: AL) announced that Steven F. Udvar-Házy and John L. Plueger will be speaking at the Airline Economics Growth Frontiers London 2021 conference on September 20, 2021. This event highlights ALC's engagement with key industry players and showcases their leasing solutions for airlines worldwide. Attendees can find presentation materials in advance on the Investors section of the Air Lease website. For more information about the conference, visit here.
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