air lease corp- 144a (ALLLZ) Key Developments
Air Lease Corporation Announces Long Term Lease Agreements for Seven New Airbus A320neo Family Aircraft with Air Astana
Jun 16 15
Air Lease Corporation announced long term lease agreements for seven new Airbus A320neo Family aircraft with Air Astana. The seven aircraft include two new A320neos and five new A321neos and LRs, all from ALC’s order book with Airbus. One A320neo is scheduled to deliver in Spring 2016, while the remaining six aircraft will deliver in 2018 and 2019.
Air Lease Announces Long-Term Lease Contracts with Vietnam Airlines for Eight New Boeing 787-10
Jun 15 15
Air Lease announced that it has entered into new long-term lease contracts with Vietnam Airlines for eight new Boeing 787-10 aircraft, which converted the previous contract for eight 787-9 aircraft. The aircraft are from Air Lease's order book with Boeing (BA). Deliveries are scheduled to begin in 2019 and will continue through 2021.
Air Lease Inks Long-Term Lease for Three New Aircraft with China Eastern Airlines
Jun 10 15
Air Lease announced that it has entered into long term lease agreements with China Eastern Airlines for three new Boeing 737-800 aircraft. The aircraft are scheduled for delivery in 2016. China Eastern Airlines' previously leased 15 new Airbus and Boeing jets from AL, all of which have been delivered to the airline.
Air Lease Corporation Announces Amendment and Extension of $2.66 Billion Senior Unsecured Revolving Credit Facility
Jun 2 15
Air Lease Corporation amended and extended its four-year unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent and the lenders named therein whereby the Company extended the maturity date from May 5, 2018 to May 5, 2019 and increased the revolving commitments thereunder by an additional $350 million. The Syndicated Unsecured Revolving Credit Facility remains priced at LIBOR plus 125 basis points with a 25 basis point facility fee, subject to reductions based on improvements in the Company’s credit ratings. Prior to the transaction, lenders held revolving commitments totaling $2.31 billion that matured on May 5, 2018. As a result of the transaction, lenders hold revolving commitments totaling $2.49 billion that mature on May 5, 2019, and lenders hold revolving commitments totaling $175 million that mature on May 5, 2018.
Air Lease Corporation Announces the Delivery of One New Airbus A321-200 on Long Term Lease to Sichuan Airlines
May 21 15
Air Lease Corporation announced the delivery of one new Airbus A321-200 on long term lease to Sichuan Airlines. The aircraft, outfitted with Sharklets and powered by IAE V2533 engines, is from ALC’s order book with Airbus. The delivery supplements numerous Airbus A330, A321 and A319 aircraft already on lease to Sichuan by ALC.