AC

Air Lease Corporation

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Air Lease Corporation: Company Market Research Report



Company Overview



Name


  • Air Lease Corporation (ALC)


Mission


  • Principally engaged in purchasing new commercial aircraft and leasing them to airline customers worldwide through customized leasing and financing solutions.


Founded


  • Founded in 2010.


Key People


  • John L. Plueger: Chief Executive Officer and President

  • Steven F. Udvar-Házy: Executive Chairman of the Board

  • Gregory B. Willis, CPA: Executive Vice President and Chief Financial Officer

  • Carol Forsyte: Executive Vice President, General Counsel, Corporate Secretary, and Chief Compliance Officer


Headquarters


  • 2000 Avenue of the Stars, Ste. 1000N, Los Angeles, CA 90067, U.S.A.


Number of Employees


  • No information is available.


Revenue


  • Rental revenues for the three months ended September 30, 2024: $625 million.


Notable Attributes


  • ALC is known for its activities in purchasing and leasing commercial aircraft.

  • It maintains a young fleet and has significant orders with leading manufacturers such as Boeing and Airbus.


Products



Product Offerings


  • Aircraft Leasing: Providing commercial aircraft for lease to airlines worldwide.


High-Level Description


  • ALC specializes in the leasing of modern, fuel-efficient narrowbody and widebody aircraft to airlines globally. These aircraft are leased on long-term agreements to optimize fleet operations for airlines.


Key Features


  • A meta-focus on new technology aircraft to ensure fuel efficiency and reduced environmental impact.

  • Leasing solutions are customized to meet airline customer needs.


Recent Developments



Recent Developments in the Company


  • Aircraft Investments: As of September 30, 2024, the fleet includes 485 owned and 64 managed aircraft; 287 new aircraft on order through 2029.

  • Fleet Expansion: Delivery of 20 aircraft from the orderbook in the third quarter, including new models from Airbus and Boeing.

  • Sales and Financing Activities: $300 million offering of 6.00% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series D in September 2024.


New Products Launched


  • No specific new products mentioned.


New Features Added to Existing Products


  • No specific features mentioned.


New Partnerships


  • No information is available.


Additional Key Information



Financial Overview


  • ALC's total net book value of its fleet as of September 30, 2024, was $27.9 billion.

  • The company ended the third quarter of 2024 with total debt financing, net of discounts and issuance costs, amounting to $20.2 billion.


Strategic Focus


  • Emphasis on sustainability and modernizing fleet compositions to include environmentally conscious aircraft.

  • ALC is actively replacing older, less efficient aircraft types with newer models that offer significant improvements in fuel burn efficiency.


Stock and Market Information


  • Current stock price (as of November 12, 2024): $48.34

  • Market Cap: $5.39 billion

  • Listed on NYSE under ticker symbol: AL


This report encapsulates the strategic positioning and recent developments of Air Lease Corporation within the aircraft leasing industry, highlighting its growth prospects and commitment to environmental sustainability.