Air Lease Corp Stock Price, News & Analysis

Air Lease Corporation (NYSE: AL) has elected Yvette Hollingsworth Clark as an independent director to its Board of Directors, effective May 24, 2021. She will also serve on the audit committee. Steven F. Udvar-Házy, Executive Chairman, stated that her addition will enhance the Board's skill set and shareholder value. Ms. Hollingsworth Clark is the President & CEO of Hollingsworth Compliance Consulting LLC, with a background in risk management and compliance at major financial institutions. She holds a BS in Finance and an MBA in Finance.

Air Lease Corporation (NYSE: AL) announced a public offering of $1.2 billion of 1.875% senior unsecured medium-term notes due August 15, 2026. The offering is set to close on May 24, 2021, pending customary conditions. The notes will yield 1.875% interest, payable semi-annually starting February 15, 2022. Proceeds will be used for general corporate purposes, including aircraft purchases and debt repayment. The notes are offered under the company's SEC shelf registration statement filed on May 7, 2021.

Air Lease Corporation (NYSE: AL) announced that CEO John L. Plueger will present at the virtual BofA Securities Transportation, Airlines and Industrials Conference on May 20, 2021, at 11:20 a.m. ET. The event will be streamed live via the company's website. Attendees are encouraged to register in advance and ensure they have necessary audio software installed. ALC specializes in aircraft leasing to airline customers globally.

Air Lease Corporation (AL) reported its financial results for Q1 2021, achieving $474.8 million in revenues, a decrease from $511.4 million in Q1 2020. Operating cash flow showed modest growth, reflecting improved performance post-pandemic. The company's CEO, John Plueger, highlighted ongoing support for airline clients and an expected recovery in air travel, particularly in the US and China. ALC remains focused on environmentally friendly aircraft leases, which are crucial for airlines’ fleet restructuring amidst recovery efforts.

Air Lease Corporation (NYSE: AL) has successfully amended and extended its senior unsecured revolving credit facility with JPMorgan Chase Bank, increasing commitments to approximately $6.4 billion from $6.2 billion and extending the maturity to May 5, 2025. The facility remains priced at LIBOR plus 105 basis points, subject to adjustments based on credit ratings. Gregory B. Willis, CFO, emphasized the facility's role in ALC's funding strategy and its reflection of the company's strong investment-grade credit metrics.

Air Lease Corporation (NYSE: AL) has announced the long-term lease of four Airbus A320neo aircraft to Volaris, Mexico's largest airline. Two of these aircraft are sourced from ALC's order book with Airbus, while the other two come from third-party sale-leasebacks. Deliveries are expected during the remainder of Q2, aligned with Volaris's projected strong summer traffic demand. This deal highlights ALC's effective pairing of sale-leasebacks and direct order placements.

Air Lease Corporation (NYSE: AL) announced the delivery of two new Boeing 787-9 aircraft under a long-term lease to China Southern Airlines. These deliveries mark the fourth and fifth of five new 787-9s ordered by China Southern from ALC. Jie Chen, Executive VP and Managing Director of ALC in Asia, expressed pride in supporting the airline's growth. The press release includes forward-looking statements indicating that actual results may differ from expectations due to various factors.

Air Lease Corporation (NYSE: AL) has successfully delivered a new Airbus A321-200neo LR aircraft to Air Arabia on a long-term lease. This delivery marks the sixth out of six A321-200neo LRs to be leased from ALC’s order book with Airbus. Executive Chairman Steven F. Udvar-Házy noted the positive impact of ALC's A321neos on Air Arabia's operations since the first delivery in April 2019.

The company emphasizes its commitment to providing innovative leasing solutions to airline customers worldwide.

Air Lease Corporation (NYSE: AL) has delivered a new Airbus A321-200neo LR aircraft to Air Astana on a long-term lease. This delivery marks the fifth A321-200neo LR provided by ALC to the airline, which also leases several other Airbus models from ALC. ALC's Executive Chairman expressed satisfaction in supporting Air Astana's fleet modernization initiative. The A321LR is noted for its enhanced range and lower emissions, contributing to Air Astana's expanding international operations post-recovery from prior reductions.