Air Lease Corp Stock Price, News & Analysis

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.

Air Lease Corporation (NYSE: AL) announced the long-term lease placement of six Airbus A220 aircraft with Croatia Airlines. This includes four A220-300s and two A220-100s, with deliveries scheduled from 2024 to 2025. Executive Chairman Steven F. Udvar-Házy expressed satisfaction regarding this partnership, highlighting its significance in the airline's effort to modernize and expand its fleet with fuel-efficient jets. While the announcement includes forward-looking statements concerning delivery dates, actual outcomes may vary based on various factors. ALC continues its operations as a prominent global aircraft leasing company based in Los Angeles.

Air Lease Corporation (NYSE: AL) reported substantial activity in aircraft investments, sales, and financing during Q4 2022. By December 31, 2022, ALC's fleet consisted of 417 owned and 85 managed aircraft, with 398 new orders from Boeing and Airbus scheduled for delivery by 2028. Key highlights include the delivery of 16 new aircraft valued at approximately $1 billion, recovery of a Boeing 737-8 from Russia, and issuance of $700 million in senior unsecured notes, along with a $400 million unsecured term loan.

Air Lease Corporation (NYSE: AL) is set to host a conference call on February 16, 2023, at 4:30 p.m. ET to discuss its Q4 and full-year 2022 financial results. Investors can join via phone or listen live through the company's website. A replay will be available post-call until February 23, 2023. The company specializes in aircraft leasing and provides tailored financing solutions to airlines globally.

Air Lease Corporation (NYSE: AL) announced the pricing of a public offering of $700 million in senior unsecured medium-term notes at an interest rate of 5.30%, maturing on February 1, 2028. The offering is set to close on January 13, 2023, pending customary conditions. Proceeds will be utilized for general corporate purposes, including aircraft purchases and debt repayment. The Notes will yield interest payable semi-annually, commencing August 1, 2023.

Air Lease Corporation (NYSE: AL) has announced the closing of a $400 million unsecured term loan facility with a maturity date in 2027. The loan proceeds will support general corporate purposes. The transaction was arranged by Sumitomo Mitsui Trust Bank, along with other global banks. This financing enhances ALC's liquidity, complementing a recent $700 million fixed-rate senior unsecured notes offering. Senior VP Daniel Verwholt highlighted the diversified financing source, showcasing ALC's strong banking relationships.

Air Lease Corporation (NYSE: AL) has priced a public offering of $700 million in 5.85% senior unsecured medium-term notes, maturing on December 15, 2027. The offering is set to close on December 5, 2022, pending customary conditions. The notes will pay interest semi-annually, starting June 15, 2023. Proceeds will be used for general corporate purposes, including aircraft purchases and existing debt repayment. Joint book-running managers include BofA Securities and J.P. Morgan Securities.