Air Lease Corp Stock Price, News & Analysis

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.

Air Lease Corporation (NYSE: AL) has announced long-term lease agreements for three new Boeing 787-9 aircraft with Air Astana, Kazakhstan's national carrier. Deliveries are set to commence in early 2025 and continue through spring 2026, enhancing Air Astana's fleet modernization and long-range operational capabilities. Executive Chairman Steven Udvar-Házy emphasized the importance of these leases in improving passenger comfort while expanding international routes. This partnership further solidifies ALC's commitment to providing efficient aircraft to its clients.

Air Lease Corporation (NYSE: AL) announced that CEO John L. Plueger and CFO Gregory B. Willis will speak at the Airline Economics Growth Frontiers Asia Pacific Conference in Singapore on November 8 and 9, 2022. Attendees can find additional details on the conference website. Relevant presentation materials will be available in advance on the Air Lease Investors section of their website. The company specializes in leasing commercial aircraft globally, offering custom solutions to airline customers.

Air Lease Corporation (AL) reported financial results for the three and nine months ended September 30, 2022. Revenues increased by 7.0% to $561.3 million compared to Q3 2021, driven by fleet growth and aircraft sales. The net income attributable to common shareholders remained steady at $100.0 million. The Board announced a quarterly dividend increase to $0.20 per share, marking 40 consecutive payments. The company ended Q3 with $30.9 billion in committed future rental payments and a fleet of 405 aircraft valued at $23.9 billion, with a weighted average age of 4.5 years.

Air Lease Corporation (NYSE: AL) announced long-term leases for three Boeing 737-8 aircraft with Italian airline Aeroitalia. Deliveries are scheduled between 2023 and 2024. Executives from both companies highlighted the efficiency and growth potential of these aircraft for Aeroitalia, supporting its business expansion and sustainability goals. The deal emphasizes the strengthening relationship between ALC and Aeroitalia, with expectations of improved operational capacity for the airline.