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) 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 Alaska Airlines. This aircraft, equipped with CFM International LEAP -1B engines, expands Alaska Airlines' fleet, joining six other 737-9s. ALC's Executive Chairman, Steven F. Udvar-Házy, highlighted the aircraft's modern fuel efficiency, supporting Alaska Airlines' fleet modernization goals. The announcement reflects a continued partnership between ALC and Alaska Airlines, enhancing operational efficiency.
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.
Air Lease Corporation (NYSE: AL) has announced that Gregory B. Willis, Executive Vice President and CFO, will present at the Deutsche Bank 11th Annual Aircraft Finance & Leasing Conference in New York City on Tuesday, September 14th at 2:00 PM ET. The presentation will be live-streamed on the Air Lease Corporation Investors page. Interested parties can access the webcast via the provided links. Materials for the presentation will be available in advance on the company’s website, which is regularly updated with important investor information.
Air Lease Corporation (NYSE: AL) announced long-term leases for ten Airbus A321-200neo aircraft and sale and lease-backs of five Airbus A320-200neo aircraft to Spirit Airlines (NYSE: SAVE). Deliveries are set between 2021 and 2024. This partnership aims to enhance Spirit's fleet efficiency and support its growth plans. The deal underscores ALC's tailored fleet solutions and Spirit's efforts to maintain a competitive, fuel-efficient fleet.
Air Lease Corporation (NYSE: AL) announced that Gregory B. Willis, Executive Vice President and CFO, will speak at the Barclays Global Financial Services Conference in New York City on Monday, September 13th at 12:00 PM Eastern Time. The event will be broadcast live on the Investors page of Air Lease Corporation's website. Interested parties can access the webcast directly through a provided link. Additionally, materials for the presentation will be available in advance on the company’s website, which is encouraged for prior registration and necessary software installation.
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.