Air Lease Corp Stock Price, News & Analysis

Air Lease Corporation (NYSE: AL) announced the delivery of a new Boeing 737-8 aircraft on a long-term lease to Belavia-Belarusian Airlines. This is the first of five 737-8s to be delivered from ALC's order with Boeing. The new aircraft will replace older models in Belavia's fleet, enhancing service efficiency and environmental performance. ALC's Executive Chairman emphasized the significance of this transaction, marking a long-standing partnership with Belavia. The 737-8 offers improved passenger comfort, specifically in Business Class, as well as cost-efficient operations for air travel.

Air Lease Corporation (NYSE: AL) has delivered a new Boeing 737-8 aircraft on long-term lease to Cayman Airways, marking the third delivery of this model from ALC's order book. The aircraft is equipped with LEAP-1B27 engines and is part of ALC's ongoing collaboration with Cayman Airways to modernize their fleet. ALC's Executive Chairman noted the long-term relationship and commitment to enhancing passenger experience and fuel efficiency. Cayman Airways expressed gratitude for ALC's support during industry challenges since their partnership began in 2016.

Air Lease Corporation (NYSE: AL) will hold a conference call on May 6, 2021, at 4:30 PM ET to discuss its financial results for Q1 2021. Investors can join the call by dialing (855) 308-8321 for domestic calls or (330) 863-3465 for international calls, using passcode 6699014. The call will be accessible via live broadcast on the company’s website, and a replay will be available from 7:30 PM ET on May 6 until 7:30 PM ET on May 13.

Air Lease Corporation (NYSE: AL) announced the delivery of a Boeing 787-9 aircraft on long-term lease to South Korea's Air Premia. This marks the first of three Boeing 787-9 deliveries scheduled for this year. The aircraft, equipped with Rolls-Royce Trent 1000 engines, will launch Air Premia's international network, enhancing its market presence. Executive Chairman Steven F. Udvar-Házy emphasized the significance of this delivery for the airline's debut in Korea.

Air Lease Corporation (NYSE: AL) has successfully delivered a new Boeing 737-8 aircraft on a long-term lease to Blue Air, Romania's largest airline. This aircraft is the first of ten planned deliveries, with subsequent planes set to arrive between April 2021 and 2022. Blue Air aims to enhance its fleet's efficiency and expand its operations with this new addition, marking a significant step in its commitment to reducing carbon emissions. Currently, Blue Air also leases six Boeing 737-800s and one Boeing 737-700 from ALC.

Air Lease Corporation (NYSE: AL) has announced a long-term lease placement for a used Airbus A320-200 with HiSky Moldova, set to deliver in April 2021. This marks ALC's third A320 family aircraft placement with the airline. David Beker, ALC's Senior Vice President, expressed pride in the partnership, emphasizing HiSky's potential for long-term growth. Iulian Scorpan, HiSky's CEO, highlighted their operational progress and expansion plans, including the launch of flights from a new base in Cluj, Romania. Forward-looking statements indicate expectations around delivery dates.

Air Lease Corporation (NYSE: AL) has announced that key executives will participate in a virtual fireside chat at the J.P. Morgan 2021 Industrials Conference. Scheduled for March 16, 2021, at 2:50 p.m. Eastern Time, the event will be accessible via a link on the company's Investors page. Notable speakers include Steven F. Udvar-Házy, John L. Plueger, and Gregory B. Willis. Attendees must register with their name and email to join the audio-only broadcast.

ALC is based in Los Angeles and specializes in aircraft leasing worldwide.

Air Lease Corporation (NYSE: AL) has priced a public offering of 300,000 shares of 4.65% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, with a liquidation preference of $1,000 per share. The offering's expected closing date is March 2, 2021. Dividends on the shares will accrue non-cumulatively at 4.65% until June 15, 2026, and will thereafter reset based on the Five-year U.S. Treasury Rate plus 4.076%. Proceeds will be used for general corporate purposes, including aircraft purchases and debt repayment.

Air Lease Corporation (AL) reported its financial results for Q4 and the year ending December 31, 2020. Total revenues decreased by 0.1% to $2.0 billion, while net income fell 12.9% to $501 million. Diluted earnings per share dropped 13.8% to $4.39. The company maintained a strong liquidity position of $7.7 billion despite challenges posed by COVID-19, which led to lease deferrals totaling $240.4 million. The CEO expressed confidence in long-term recovery for the airline industry and highlighted a robust portfolio of young, fuel-efficient aircraft, with $26.8 billion in committed future rentals.