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Air Lease Corporation
Type
Public
Traded as NYSE: AL
Industry Aircraft Leasing
Founded February 2010 (2010-02)
Headquarters Los Angeles, California, US
Key people
  • Steven Udvar-Házy (CEO)
  • John Plueger (COO)
  • Gregory Willis (CFO)
Revenue US$ 1.1 billion (2014)
Net income
US$ 256 million (2014)
Number of employees
65 (2014)
Website www.airleasecorp.com

Air Lease Corporation (ALC) is an American aircraft leasing company founded in 2010 and headed by Steven Udvar-Házy. Air Lease purchases new commercial aircraft through direct orders from Boeing, Airbus, Embraer and ATR, and leases them to its airline customers worldwide through specialized aircraft leasing and financing.

As of the end of 2014, Air Lease reported that it owns 213 Airbus, Boeing, Embraer, and ATR aircraft, which it leases to over 80 airlines across 47 countries in every major geographical region in the world.

Air Lease provides airlines with net operating leases, which require the lessee to pay for maintenance, insurance, taxes and all other aircraft operating expenses during the lease term.

As of 2015, Air Lease has on order approximately 400 aircraft, worth over US$30 billion, and had a 2014 market capitalization of US$ 4.0 billion.

Steven Udvar-Házy, chairman and chief executive of Air Lease, was a founder of Century City aircraft leasing giant International Lease Finance Corp. (ILFC) and stayed on as chief executive after it was sold to American International Group (AIG) in 1990. Udvar-Házy left ILFC to start Air Lease in 2010 following a dispute with AIG.

Udvar-Házy started Air Lease in February 2010 with former ILFC chief operating officer John Plueger, who has the same role at the new company. On April 19, 2011, AL had an initial public offering of Class A stock on the New York Stock Exchange, and raised an estimated total of US$ 965.6 million. Udvar-Hazy, estimated by Forbes in 2015 to have a net worth of $3.7 billion, has a 7 percent stake.

News

Air Lease Corporation -2.51% (industrials)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2020 2021-02-12 Future report Set alerts
Q3 2020 2020-11-05 Future report Set alerts
Q2 2020 2020-08-06 1.26 1.26
Q1 2020 2020-05-07 1.17 1.17
Q4 2019 2020-02-14 1.42 1.42
Q3 2019 2019-11-07 1.34 1.34
Q2 2019 2019-08-08 1.10 1.10
Q1 2019 2019-05-09 1.23 1.23
Q4 2018 2019-02-21 1.24 1.24
Q3 2018 2018-11-08 1.32 1.32

Ratings

2016-06-21 Reiterated Rating FBR & Co. Outperform $40.00
2016-06-21 Reiterated Rating FBR & Co Outperform $40.00
2016-05-22 Reiterated Rating Morgan Stanley Buy
2016-05-20 Reiterated Rating FBR & Co. Buy
2016-05-20 Reiterated Rating Credit Suisse Buy
2016-05-20 Reiterated Rating Credit Suisse Group AG Buy
2016-05-08 Reiterated Rating FBR & Co. Buy
2016-05-06 Boost Price Target RBC Capital Top Pick $71.00 to $73.00
2016-05-06 Boost Price Target Royal Bank Of Canada Top Pick $71.00 to $73.00
2016-03-14 Boost Price Target Citigroup Inc. Buy $33.00 to $50.50
2016-02-29 Reiterated Rating RBC Capital Top Pick $71.00 to $70.00
2016-02-29 Lower Price Target Cowen and Company Outperform $40.00 to $36.00
2016-02-26 Reiterated Rating FBR & Co. Buy
2016-02-19 Lower Price Target DA Davidson Buy $42.00
2016-02-11 Lower Price Target Citigroup Inc. $51.00 to $33.00
2016-02-10 Reiterated Rating RBC Capital Top Pick $70.00
2016-02-08 Reiterated Rating FBR & Co. Outperform
2016-02-06 Reiterated Rating Morgan Stanley Overweight
2016-01-21 Reiterated Rating FBR & Co. Outperform $51.00
2015-12-28 Boost Price Target Credit Suisse Outperform to Outperform $33.78 to $45.00
2015-12-24 Reiterated Rating Cowen and Company Outperform $44.00
2015-11-26 Lower Price Target Barclays Equal Weight $29.00 to $27.00
2015-11-13 Upgrade JPMorgan Chase & Co. Neutral to Overweight $40.50 to $41.00
2015-11-06 Boost Price Target RBC Capital Top Pick $66.00 to $70.00
2015-10-13 Reiterated Rating FBR & Co. Outperform $40.00
2015-10-08 Lower Price Target Credit Suisse Outperform $48.00 to $45.00
2015-08-21 Initiated Coverage DA Davidson Buy $50.00
2015-08-07 Reiterated Rating Deutsche Bank Buy $44.00
2015-08-07 Reiterated Rating RBC Capital Top Pick $63.00 to $66.00
2015-08-07 Reiterated Rating Deutsche Bank AG Buy $44.00
2015-05-23 Reiterated Rating Credit Suisse Outperform $47.00 to $48.00
2015-05-19 Reiterated Rating Barclays Overweight $45.00
2015-05-19 Reiterated Rating Barclays PLC Overweight $45.00
2015-05-08 Boost Price Target RBC Capital $57.00 to $59.00
2015-04-30 Downgrade MLV & Co. Buy to Hold $24.50
2015-04-17 Initiated Coverage Bank of America Buy
2015-04-17 Initiated Coverage Bank of America Corp. Buy
2015-04-01 Initiated Coverage Macquarie Outperform
2015-02-27 Boost Price Target FBR & Co. Outperform $41.00 to $45.00
2015-02-27 Boost Price Target RBC Capital Top Pick $53.00 to $57.00
2015-01-16 Downgrade JPMorgan Chase & Co. Overweight to Neutral $41.50 to $42.00
2014-11-07 Reiterated Rating RBC Capital Top Pick $53.00 to $52.00
2014-10-21 Upgrade Macquarie Neutral to Outperform $42.00 to $46.00
2014-10-03 Initiated Coverage Barclays Equal Weight $28.00
2014-09-05 Boost Price Target Citigroup Inc. $43.50 to $50.00
2014-09-02 Reiterated Rating Deutsche Bank Buy
2014-08-04 Upgrade RBC Capital Outperform to Top Pick $49.00
2014-07-18 Boost Price Target RBC Capital Outperform $48.00 to $49.00
2014-05-12 Boost Price Target Macquarie $38.00 to $42.00
2014-05-09 Reiterated Rating Morgan Stanley Overweight $38.00
2014-05-09 Boost Price Target FBR & Co. $40.00 to $41.00
2014-05-09 Boost Price Target Credit Suisse Outperform $42.00 to $44.00
2014-03-11 Reiterated Rating Bank of America Neutral $28.50 to $40.00
2014-02-28 Reiterated RBC Capital Mkts Outperform $41 to $43
2014-02-28 Reiterated FBR Capital Outperform $33 to $40
2014-02-28 Boost Price Target Deutsche Bank Buy $37.00 to $44.00
2014-02-28 Boost Price Target RBC Capital Outperform $41.00 to $43.00
2014-02-28 Boost Price Target FBR & Co. Outperform $33.00 to $40.00
2014-01-28 Reiterated RBC Capital Mkts Outperform $37 to $41
2014-01-28 Boost Price Target RBC Capital Outperform $37.00 to $41.00
2013-11-08 Boost Price Target Credit Suisse Outperform $35.00 to $37.00
2013-10-30 Boost Price Target Barclays Overweight $38.00 to $40.00
2013-05-10 Reiterated FBR Capital Outperform $30 to $33
2012-11-12 Upgrade Maxim Group Hold to Buy $28
2012-05-15 Reiterated Barclays Equal Weight $29 to $27
2012-02-22 Initiated Dahlman Rose Buy $30
2011-06-23 Initiated FBR Capital Outperform $28
2011-05-31 Initiated Barclays Capital Equal Weight $30
2016-06-21 Reiterated Rating FBR & Co. Outperform $40.00
2016-06-21 Reiterated Rating FBR & Co Outperform $40.00
2016-05-22 Reiterated Rating Morgan Stanley Buy
2016-05-20 Reiterated Rating FBR & Co. Buy
2016-05-20 Reiterated Rating Credit Suisse Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
ARES MANAGEMENT LLC 3.79%  (3881657) AL / CWEI / HK /
UDVAR-HAZY STEVEN F CHAIRMAN AND CEO 0.92%  (942982) AL / SKYW /
Plueger John L PRESIDENT AND COO 0.79%  (813532) AL / SPR /
Chen Jie EVP & MANAGING DIRECTOR, ASIA 0.26%  (265338) AL /
Levy Grant A EVP 0.16%  (165399) AL /
Khatibi Alex A EVP 0.14%  (146946) AL /
Baer Marc H EVP 0.13%  (137891) AL /
Korde Kishore EVP, Marketing 0.08%  (85937) AL /
Willis Gregory B SVP Finance and CFO 0.06%  (58433) AL /
Poerschke John D SVP 0.05%  (55644) AL /
Forsyte Carol Hyland EVP, GC, Corp Secretary & CCO 0.04%  (43858) AL /
Milton Robert A 0.03%  (34020) AL / UAL /
HART MATTHEW J 0.03%  (34020) AAL / AL / AMH /
Saines Ian M 0.02%  (25438) AL /
KRONGARD CHERYL GORDON 0.02%  (25278) AL / LM / XRX /
SUGAR RONALD D 0.02%  (24020) AAPL / AL / AMGN / CVX /
LARSEN MARSHALL O 0.02%  (17768) AL / BDX / LOW / UTX /
RESSLER ANTONY P 0.01%  (10624) AL / ARCC / ARES /

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