Air Lease Corp Stock Price, News & Analysis

Air Lease Corporation (NYSE: AL) has entered a long-term lease agreement for one Airbus A321-200neo with Pegasus Airlines, set for delivery in Spring 2023. Additionally, Pegasus Airlines will sell four Boeing 737-800 aircraft to ALC under a sale-leaseback agreement, leasing them back from ALC. This deal supports Pegasus' efforts in fleet modernization and aims to enhance its environmental, financial, and operational performance.

Air Lease Corporation (NYSE: AL) announced long-term lease agreements for 13 new Boeing 737-9 aircraft with Alaska Airlines, set to deliver from the second half of 2021 to the end of 2022. Alaska Airlines will also sell ten Airbus A320-200s to ALC, leasing them back in alignment with its fleet modernization plans. Executive Chairman Steven F. Udvar-Házy emphasized the importance of these deals for Alaska's diverse route network, while Alaska Air Group's CEO, Brad Tilden, highlighted the operational and financial benefits of these transactions.

Air Lease Corporation (NYSE: AL) has priced its public offering on November 17, 2020, of $750 million in senior unsecured medium-term notes: $750 million of 2.875% notes maturing on January 15, 2026, and $750 million of 3.125% notes maturing on December 1, 2030. Closing is expected on November 24, 2020. The funds will be used for general corporate purposes, including aircraft purchases and debt repayments. The 2026 Notes will trade interchangeably with existing notes, bringing total outstanding to $1.45 billion.

Air Lease Corporation (NYSE: AL) will feature Gregory B. Willis, EVP and CFO, at the Stephens Annual Investment Conference. The virtual event will take place on November 17, 2020, at 1:00 p.m. ET, accessible via the Air Lease Corporation website. Attendees may also use a direct link for the webcast. Essential materials will be available 15 minutes before the presentation. ALC specializes in aircraft leasing, providing customized solutions to airline customers globally. Investors are encouraged to check the ALC website regularly for vital updates.

Air Lease Corporation (NYSE: AL) has delivered a new Airbus A321-200neo LR aircraft to Titan Airways, marking the first of two planned deliveries from its order with Airbus. This new aircraft, equipped with CFM International LEAP-1A33 engines, is expected to enhance Titan Airways' operations significantly. The second A321-200neo LR is scheduled to be delivered in Spring 2021. The announcement underscores ALC's role in providing customized leasing solutions to airlines worldwide.

Air Lease Corporation (NYSE: AL) announced the delivery of an Airbus A321-200neo LR aircraft on long-term lease to SAS, marking the first of three units scheduled for delivery. This aircraft, powered by CFM LEAP-1A33 engines, will enhance SAS’s operations, supporting non-stop transatlantic flights from Scandinavia. SAS aims to reduce carbon emissions by 25% by 2025, making this delivery part of its fleet renewal strategy. ALC also previously delivered two A320-200neo aircraft to SAS in 2020, totaling five aircraft on lease in 2021.

Air Lease Corporation (NYSE: AL) announced that CEO John L. Plueger will deliver a keynote address at the Airline Economics Growth Frontiers New York 2020 virtual event on October 15, 2020, at 10:15 a.m. ET. The event is free for participants, who can register on the Airline Economics website. ALC specializes in purchasing and leasing commercial aircraft to airlines worldwide, providing customized leasing and financing solutions. Investors are encouraged to visit ALC's website for additional important information.

Air Lease Corporation (NYSE: AL) announced key updates as of September 30, 2020. The company operates a fleet of 308 owned and 81 managed aircraft, with a total of 377 new aircraft on order from Boeing and Airbus for delivery through 2026.

During the third quarter, ALC delivered seven new aircraft and invested approximately $0.6 billion in aircraft. The company issued $700 million in senior unsecured medium-term notes due 2026 at a fixed rate of 2.875% and maintained $7 billion in liquidity.

Air Lease Corporation (NYSE: AL) announced that Executive Chairman Steven F. Udvar-Házy will participate in a webinar hosted by Aviation Week Network on October 13, 2020, at 10:00 AM ET. The event will take the form of a fireside chat and is available for registration online. AL, based in Los Angeles, is a leading aircraft leasing company serving global airline customers with tailored leasing solutions. Investors are encouraged to visit www.airleasecorp.com for more information.