Air Lease Corp Stock Price, News & Analysis

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.

Air Lease Corporation (NYSE: AL) announced the completion of its inaugural sukuk issuance on March 15, 2023. This offering marks the first sukuk from a North American company and the largest from a US-based borrower, totaling US$600 million in 5.85% trust certificates maturing on April 1, 2028. Rated 'BBB' by S&P and Fitch, the certificates will provide semi-annual distributions. Proceeds will support general corporate purposes, including aircraft purchases and debt repayment. Executives highlighted strong regional liquidity and future funding opportunities.

Air Lease Corporation (NYSE: AL) will present at the J.P. Morgan Industrials Conference 2023 in New York City on March 15, 2023, at 9:40 a.m. Eastern Time. Key executives including Executive Chairman Steven F. Udvar-Házy, CEO John L. Plueger, and CFO Gregory B. Willis will participate in this event. The presentation will be available for live streaming on the Air Lease Corporation's website. Interested parties can also access the webcast via a direct link. ALC specializes in leasing commercial aircraft to global airline customers, providing tailored leasing solutions.

Air Lease Corporation (NYSE: AL) announced long-term lease agreements for three new Airbus A350-900 aircraft with Air France, scheduled for delivery in Q2 2024. This deal supports Air France’s long-haul fleet modernization efforts. Additionally, ALC will deliver nine Airbus A321neo aircraft to the Air France-KLM Group between late 2023 and 2026, along with five Boeing 737s to Transavia in the first half of this year. The Air France-KLM Group is ALC’s largest European customer, which also includes Transavia Netherlands and Transavia France.

Air Lease Corporation (AL) reported its financial results for Q4 and the fiscal year ending December 31, 2022. Revenues increased by 11% to $2.3 billion compared to 2021, driven by fleet growth and reduced COVID-19 related lease losses. However, the net loss attributable to common stockholders was $138.7 million, translating to $1.24 per diluted share due to a significant $771.5 million write-off of the Russian fleet. The company ended the year with $31.4 billion in committed future rental payments, while total liquidity stood at $6.9 billion. A quarterly dividend of $0.20 per share was declared, reflecting confidence in future operations.