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 Corp (AL) provides comprehensive aircraft leasing solutions to airlines worldwide. This news hub offers investors and industry professionals direct access to official updates and strategic developments from the company.
Track key announcements including quarterly earnings, new aircraft acquisitions, and global leasing agreements. Our curated collection ensures you stay informed about fleet management innovations and market expansion initiatives without promotional bias.
Discover press releases covering aircraft portfolio updates, financing partnerships, and industry leadership changes. All content is verified through primary sources to maintain accuracy and compliance with financial reporting standards.
Bookmark this page for streamlined access to Air Lease Corp's latest business developments. Check regularly for real-time updates that impact aviation leasing markets and investment considerations.
Air Lease Corporation (NYSE: AL) has successfully amended and extended its senior unsecured revolving credit facility with JPMorgan Chase Bank, enhancing its financial flexibility. The maturity date is now extended to May 5, 2027, with total commitments rising to approximately $7.2 billion from 49 financial institutions as of May 5, 2023. The facility interest rate is tied to adjusted term SOFR plus a margin of 1.05% per year, alongside a 0.20% facility fee, adjustable based on credit ratings. Gregory B. Willis, CFO, emphasized that this extension underscores the company's robust investment-grade credit metrics and is vital for its cost-efficient funding strategy.
Air Lease Corporation (NYSE: AL) reported significant activities in aircraft investments, sales, and financing for Q1 2023. As of March 31, 2023, the fleet included 437 owned and 86 managed aircraft, with 376 new planes on order from Boeing and Airbus for delivery through 2029. The company delivered 22 new aircraft, totaling about $1.4 billion in investments this quarter. ALC sold two aircraft to third parties and secured $700 million through senior unsecured notes, along with completing a $600 million sukuk offering. ALC aims to leverage these activities for growth while managing the associated market risks.
Air Lease Corporation (NYSE: AL) announces a conference call scheduled for May 1, 2023 at 4:30 PM Eastern Time to discuss its Q1 2023 financial results. Investors can join by calling 1 (888) 660-6652 domestically or 1 (646) 960-0554 internationally, using passcode 5952437. The call will also be available via live broadcast on the company's website. A replay will be accessible until May 8, 2023. Air Lease Corporation is recognized as a leading global aircraft leasing company based in Los Angeles, providing tailored leasing and financing solutions to airline customers worldwide.
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