Air Lease Corp Stock Price, News & Analysis

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.

Air Lease Corporation (NYSE: AL) provided an update on its aircraft operations for Q1 2021. As of March 31, 2021, ALC had a fleet of 342 owned and 83 managed aircraft, with 349 new aircraft on order for delivery through 2027. In the quarter, ALC delivered ten new aircraft and invested about $600 million. Financing activities included issuing $750 million in senior unsecured notes and $300 million in preferred stock. ALC's long-term rating from S&P was affirmed at BBB, with a stable outlook.

Air Lease Corporation (NYSE: AL) successfully delivered its first Airbus A330-900 to Delta Air Lines on April 5th, marking the beginning of a sale-leaseback arrangement with Blackbird Capital II. This delivery is part of a larger agreement involving two A330-900s, with a prior delivery from ALC's order book in October 2020. CEO John L. Plueger expressed satisfaction with the strengthening partnership between ALC and Delta, highlighting the synergy of ALC’s order book with their lease operations.

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.