Key Developments: Air Lease Corp (AL)
30.05USD
21 May 2013
$0.02 (+0.07%)
$29.88
$29.99
$30.31
$29.92
266,552
493,362
$31.00
$18.45
Latest Key Developments (Source: Significant Developments)
Air Lease Corp Declares Second Quarterly Cash Dividend
Air Lease Corp announced that the Board of Directors declared ALC’s second quarterly cash dividend of $0.025 per share on the outstanding common stock. Full Article
Air Lease Corp Announces Placement Of Two New Boeing 777-300ERs With Korean Air
Air Lease Corp announced long term lease agreements with Korean Air for two new Boeing 777-300ER aircraft, which are scheduled for delivery in November 2014 and May 2015. Full Article
Air Lease Corp Announces Placement Of Two New Boeing 777-300ERs With Ethiopian Airlines
Air Lease Corp announced a lease agreement with Ethiopian Airlinesfor two new Boeing 777-300ER aircraft, both on lease for twelve years. The aircraft are scheduled for delivery in May and June 2015. Full Article
Air Lease Corp Announces Placement of Six New Boeing 737-800s with Aerolíneas Argentinas
Air Lease Corp announced a lease agreement with Aerolíneas Argentinasfor six new Boeing 737-800 aircraft, each on lease for twelve years. The aircraft are scheduled for delivery between November 2014 and February 2016. Full Article
Air Lease Corp Announces Delivery of One New Airbus A330-300 to Sichuan Airlines
Air Lease Corp announced the delivery of one new Airbus A330-300 wide-body aircraft (MSN 1397) on lease to Sichuan Airlines (Chengdu, China) for twelve years. Sichuan Airlines operates both Airbus A320 family and A330 family aircraft on lease from ALC. Full Article
Air Lease Corp Announces Pricing of $76.53 Million of 1.617% Notes Guaranteed by Export-Import Bank of United States Due 2024
Air Lease Corp announced the pricing of an offering of $76.53 million of 1.617% secured notes due 2024 (the Notes) guaranteed by the Export-Import Bank of the United States (Ex-Im Bank). The sale of the Notes is expected to close on March 11, 2013, subject to satisfaction of customary closing conditions. The Notes will mature on August 15, 2024 and will bear interest at a rate of 1.617% per annum, payable quarterly in arrears on February 15, May 15, August 15 and November 15 of each year, commencing on May 15, 2013. The Company intends to use the proceeds of the offering to refinance a portion of the purchase price of two Boeing 737-800 aircraft and to finance the related premium charged by Ex-Im Bank for its guarantee of the Notes (the Ex-Im Bank Guarantee). ALEX Alpha, LLC is the issuer of the Notes. J.P. Morgan and Citigroup are acting as joint book-running managers for the offering of the Notes. Full Article
Air Lease Corp Declares Quarterly Cash Dividend of $0.025 per Share
Air Lease Corp announced that the declaration of the Company`s first quarterly cash dividend in the amount of $0.025 per share of the Company`s outstanding common stock. The cash dividend is payable on March 26, 2013 to the shareholders of record at the close of business on March 21, 2013. Full Article
Air Lease Corp Announces Closing Of $400.0 Million Senior Unsecured Notes Offering
Air Lease Corp announced that the closing of its previously announced public offering of $400.0 million in aggregate principal amount of 4.750% senior unsecured notes due 2020 (the Notes).The Notes will mature on March 1, 2020 and will bear interest at a rate of 4.750% per annum, payable semi-annually in arrears on March 1 and September 1 of each year, commencing on September 1, 2013. The Company intends to use the net proceeds of the offering to fund the acquisition of commercial aircraft and for other general corporate purposes, including reducing outstanding obligations under one of its revolving credit facilities. Full Article
Air Lease Corp Announces Pricing Of Public Offering Of $400.0 Million Of 4.750% Senior Unsecured Notes Due 2020
Air Lease Corp announced the pricing of its public offering of $400.0 million in aggregate principal amount of 4.750% senior unsecured notes due 2020 (the Notes). The Notes were offered to the public at a price of 100.000% of par. The sale of the Notes is expected to close on February 5, 2012. The Notes will mature on March 1, 2020 and will bear interest at a rate of 4.750% per annum, payable semi-annually in arrears on March 1 and September 1 of each year, commencing on September 1, 2013. The Company intends to use the net proceeds of the offering to fund the acquisition of commercial aircraft and for other general corporate purposes, including reducing outstanding obligations under one of its revolving credit facilities. BofA Merrill Lynch, Deutsche Bank Securities, J.P. Morgan, BMO Capital Markets, Citigroup, Credit Suisse Securities, RBC Capital Markets, RBS, and Wells Fargo Securities are acting as joint book-running managers for the offering of the Notes. Full Article
Air Lease Corp Announces Lease Placements With Aeromar
Air Lease Corp announced its placement of two new ATR 72-600s (MSNs 1086 and 1096) from its order pipeline on long term lease to Aeromar (Mexico), delivering April and May 2013. Full Article
BRIEF-Rolls-Royce wins $1.1 bln order from Air Lease Corp
LONDON, Feb 4 - Rolls-Royce Holdings PLC : * Wins $1.1BN Trent XWB order from Air Lease Corp
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