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 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.
Air Lease Corporation (NYSE: AL) will host a conference call on November 9, 2020, at 4:30 PM ET to discuss its third quarter financial results. Investors can participate by dialing (855) 308-8321 domestically or (330) 863-3465 internationally, using passcode 7253138. The call will also be available via live broadcast on the company’s website, with a replay accessible from 7:30 PM ET on November 9 to November 16, 2020.
ALC is a leading aircraft leasing company, providing tailored leasing and financing solutions to global airline customers.
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