18 Jul 2018

Air Lease Corporation Selects GEnx Engines for Additional Boeing 787 Dreamliners

SOURCE: GE Aviation
FARNBOROUGH, UK - July 18, 2018 - Air Lease Corporation selected GEnx-1B engines to power its three new Boeing 787 Dreamliners. The engine order if valued at more than $170 million (USD) list price.  “Air Lease Corporation’s order for additional GEnx-powered Boeing 787 Dreamliners demonstrates the continued confidence in the engine and aircraft,” said Chaker Chahrour, VP Global Sales & Marketing at GE Aviation. “The GEnx is the most popular engine powering the Boeing 787 Dreamliner and has set itself apart in its class.” With more than 2,000 engines sold in less than 15 years since launching the program, the GEnx engine has solidified it as[...]

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18 Jul 2018

Air Lease Corporation Orders Additional Pratt & Whitney GTF™ Engines to Power 26 Airbus A320neo Family Aircraft

SOURCE: Pratt & Whitney FARNBOROUGH AIR SHOW, July 18, 2018 - Pratt & Whitney, a division of United Technologies Corp. (NYSE: UTX), and Air Lease Corporation (ALC) today announced an order for Pratt & Whitney GTF engines to power a pre-existing order between Airbus and ALC for 26 firm A320neo family aircraft. ALC previously ordered GTF engines to power 30 firm A320neo family aircraft. With today's announcement, ALC will manage a total of 56 GTF-powered A320neo family aircraft.  "We're excited to power these additional 26 ALC aircraft with GTF engines," said Rick Deurloo, senior vice president of sales, marketing and customer support at Pratt & Whitney. "We appreciate ALC's[...]

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18 Jul 2018

Air Lease Corporation Places $2.3 Billion CFM LEAP-1B Engine Order

Has purchased both LEAP engine models SOURCE: CFM International FARNBOROUGH, England - 18 July 2018 - Air Lease Corporation (NYSE: AL) has finalized its order for additional CFM International LEAP-1B engines to power 83 Boeing 737 MAX aircraft at a value of $2.3 billion U.S. at list price.   The aircraft were previously announced. Air Lease Corporation (ALC) specializes in purchasing new commercial aircraft and leasing them to its airline customers worldwide through customized leasing and financing solutions. “The LEAP-1B is performing exceptionally well in airline services,” said Gaël Méheust, president and CEO of CFM International.  “This continued vote[...]

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18 Jul 2018

Air Lease Corporation Selects LEAP-1A in New $1.0 Billion Engine Order

Has purchased both LEAP engine models SOURCE: CFM International FARNBOROUGH, England - 18 July 2018 - Air Lease Corporation (NYSE: AL) has selected CFM International’s advanced LEAP-1A engine to power 34 previously announced Airbus A321neo aircraft in an order valued at just over $1.0 billion U.S. at list price. Air Lease Corporation (ALC) specializes in purchasing new commercial aircraft and leasing them to its airline customers worldwide through customized leasing and financing solutions. The LEAP engine family continues to perform exceptionally well in commercial service.  There are 61 airlines currently operating more than 385 aircraft on five continents. [...]

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17 Jul 2018

Boeing, Air Lease Corporation Announce Orders and Commitments for 78 Boeing Jets

Deal is valued at $9.6 billion and includes orders and commitments for 75 MAX 8s and three 787-9s
Large order from leading lessor reflects healthy commercial market demand SOURCE: BOEING FARNBOROUGH, United Kingdom, July 17, 2018 - Boeing [NYSE:BA] and Air Lease Corporation [NYSE: AL] today announced orders and commitments for up to 78 Boeing airplanes, including 75 737 MAX 8s and three 787-9 Dreamliners, at the 2018 Farnborough International Airshow. The order, valued at $9.6 billion at current list prices, expands ALC’s 737 MAX portfolio to 213 jets. The three 787-9s and the first 20 737 MAX airplanes of the order are firm purchases. The subsequent 55 737 MAX airplanes[...]

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17 Jul 2018

Air Lease Corporation Announces Lease Placement of Four Boeing 737-8 MAX Aircraft with Belavia-Belarusian Airlines

FARNBOROUGH, United Kingdom, July 17, 2018 - Air Lease Corporation (NYSE: AL; “ALC”) announced today long-term lease agreements with Belavia-Belarusian Airlines for four new CFM LEAP-1B25-powered Boeing 737-8 MAX aircraft scheduled for delivery in 2019 and 2020. The first aircraft will deliver from ALC’s order book with Boeing in May 2019. “ALC is pleased to announce this placement with Belavia at Farnborough International Airshow today,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “The advance technologies in the MAX 8 aircraft will provide a new level of efficiency and comfort to Belavia’s customers, and we look forward to continuing[...]

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10 Jul 2018

Air Lease Corporation Activity Update for the Second Quarter of 2018

LOS ANGELES, California, July 10, 2018 - Today Air Lease Corporation (NYSE: AL; “ALC”) announced an update on activity taking place in the second quarter of 2018: As of June 30, 2018, ALC’s fleet was comprised of 271 owned aircraft and 49 managed aircraft, with commitments to acquire a total of 358 new aircraft for delivery through 2023. ALC purchased 18 aircraft during the second quarter of 2018 14 new aircraft delivered from ALC’s orderbook including 6 Boeing 737 MAX 8s, 3 Boeing 787-9s, 3 Airbus A321neos and 2 Airbus A350-900s4 incremental, young Airbus A321-200s which were leased to an existing ALC customer Timing of orderbook deliveries and incremental aircraft[...]

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05 Jul 2018

Air Lease Corporation Announces Second Quarter 2018 Earnings Conference Call

LOS ANGELES, July 5, 2018 - Air Lease Corporation (NYSE: AL) will host a conference call on August 9, 2018 at 4:30 PM Eastern Time to discuss the Company's financial results for the second quarter of 2018. Investors can participate in the conference call by dialing (855) 308-8321 domestic or (330) 863-3465 international. The passcode for the call is 1497237. The conference call will also be broadcast live through a link on the Investors page of the Air Lease Corporation website at www.airleasecorp.com. Please visit the website at least 15 minutes prior to the call to register, download and install any necessary audio software. A replay of the broadcast will be available on the[...]

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27 Jun 2018

Air Lease Corporation Announces Delivery of Boeing 787-9 Aircraft with LOT Polish Airlines

LOS ANGELES, June 27, 2018 - Air Lease Corporation (NYSE: AL; “ALC”) announced the delivery of one new Boeing 787-9 aircraft on lease to LOT Polish Airlines. This Boeing aircraft joins three B737-8 MAX aircraft currently on lease to LOT from ALC, with an additional three B737-8 MAX aircraft confirmed to deliver in 2018 and 2019 from ALC’s order book with Boeing.  “We are pleased to announce the delivery of this Boeing 787-9 aircraft to LOT today,” said Alex Khatibi, Executive Vice President of Air Lease Corporation.  “LOT is a pioneer in the European market and with this new 787-9 Dreamliner, the airline continues to demonstrate its highly competitive[...]

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26 Jun 2018

Air Lease Corporation Announces Delivery of Airbus A321-200neo Aircraft with S7 Airlines

LOS ANGELES, June 26, 2018 - Today Air Lease Corporation (NYSE: AL; “ALC”) announced that S7 Airlines received its first new Airbus A321-200neo aircraft. This aircraft is the first of four Pratt & Whitney PW1133G-powered A321neos to be delivered in 2018 to S7 from ALC’s order book with Airbus.   “The four new ALC A321neo aircraft bring a new level of operating efficiency and competitiveness to S7’s fleet,” said Alex Khatibi, Executive Vice President of Air Lease Corporation.  “S7 is a highly regarded customer for ALC and this lease placement underlines our commitment to S7’s modernization and continued successful growth as a leading airline.”[...]

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20 Jun 2018

Air Lease Corporation Announces Lease Placement of Two Airbus A320-200neo Aircraft with SAS

LOS ANGELES, June 20, 2018 - Air Lease Corporation (NYSE: AL; “ALC”) announced long-term lease agreements with SAS for two new CFM LEAP-1A26-powered Airbus A320-200neo aircraft scheduled for delivery in November 2019 and April 2020. “We are pleased to announce this new lease placement with SAS,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “ALC looks forward to building our long-term relationship with SAS as they continue to add new aircraft to modernize their fleet and grow their network, as well as maximize their competitive advantage in the market.” Marc Baer, Air Lease Corporation’s Executive Vice President added, “ALC expects[...]

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11 Jun 2018

Air Lease Corporation Announces Pricing of Public Offering of $500 Million of 3.875% Unsecured Senior Notes due 2023

LOS ANGELES, California, June 11, 2018 - Air Lease Corporation (NYSE: AL) (the “Company”) announced the pricing on June 11, 2018 of its public offering of $500 million aggregate principal amount of 3.875% unsecured senior notes due 2023 (the “Notes”). The sale of the Notes is expected to close on June 18, 2018, subject to satisfaction of customary closing conditions. The Notes will mature on July 3, 2023 and will bear interest at a rate of 3.875% per annum, payable semi-annually in arrears on January 3 and July 3 of each year, commencing on January 3, 2019. The Company intends to use the net proceeds of the offering for general corporate purposes, which may include, among[...]

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25 May 2018

Boeing 737 MAX 8 joins Sunwing Fleet; inaugural flight Seattle-Toronto brings first of four aircraft home

SOURCE: Sunwing Airlines TORONTO, May 25, 2018 (GLOBE NEWSWIRE) -- Sunwing Airlines today announced the delivery of their first brand-new Boeing 737 MAX 8 aircraft. The aircraft is the first of four new Boeing 737 MAX 8 aircraft acquired by North America’s largest vertically integrated travel company as part of a lease agreement concluded with Air Lease Corporation (NYSE:AL) in late 2014. The $350 million deal also included the acquisition of two further Boeing 737-800 aircraft. The second Boeing 737 MAX 8 aircraft will be delivered the following week, with the remaining two 737 MAX planes anticipated to be delivered in 2019. “The 737 MAX 8 aircraft is an integral part of[...]

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17 May 2018

Air Lease Corporation Announces Delivery of Boeing 737 MAX 8 Aircraft with Travel Service

LOS ANGELES, May 17, 2018 - Air Lease Corporation (NYSE: AL; “ALC”) announced the delivery of one new Boeing 737 MAX 8 aircraft on lease to Travel Service (SmartWings). This aircraft is the first of two 737 MAX 8 aircraft scheduled for delivery to Travel Service, with the next aircraft delivering in 2019.  “We are delighted to deliver a new 737 MAX to Travel Service today,” said Alex Khatibi, Executive Vice President of Air Lease Corporation.  “Travel Service’s high service standards coupled with their fleet upgrade to the MAX will bring their customer experience and network development to the next level.” Forward-Looking Statements This press release[...]

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11 May 2018

Air Lease Corporation to Present at Upcoming Conferences

LOS ANGELES, May, 11, 2018 - Air Lease Corporation (NYSE: AL) (“ALC” or the “Company”) announced today that the Company will be presenting at the following industry conferences during the week of May 14, 2018: Steven F. Udvar-Házy, Executive Chairman, will be speaking at the 38th Annual North America Airfinance Conference 2018 in Miami, Florida on Tuesday, May 15, 2018 at 9:50 a.m. EDT. For further details, please visit the agenda located on the conference website. Gregory B. Willis, Executive Vice President and Chief Financial Officer, will be speaking at the Barclays Americas Select Franchise Conference in London on Wednesday, May 16, 2018 at 1:00 p.m. BST.[...]

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Investors

Mary Liz DePalma

Assistant Vice President, Investor Relations

Phone: +1 310.553.0555
Fax: +1 310.553.0999
Email: mdepalma@airleasecorp.com

Media

Laura Woeste

Manager, Media and Investor Relations

Phone: +1 310.553.0555
Fax: +1 310.553.0999
Email: lwoeste@airleasecorp.com