Air Lease Corporation (ALC) and several of its subsidiaries have successfully negotiated settlement agreements with a number of insurers, resulting in a substantial cash inflow of $328.5 million. These settlements are a significant part of ALC’s efforts to recuperate losses stemming from its $791.0 million write-off related to its aircraft interests that were detained in Russia.
US-based Air Lease Corporation has appointed Grant Newman as its new Senior Vice President and Treasurer, effective March 17, 2025. Newman’s appointment is part of Air Lease’s strategic initiative to strengthen its financial management and executive leadership team.
Malaysia Airlines has expanded its fleet with the addition of a new Boeing 737-8, serial number 66368, powered by LEAP-1B27 engines. This aircraft, registered as 9M-MVA, marks a significant milestone in the airline’s fleet modernization efforts.
Air Lease Corporation (ALC), a leading aircraft leasing company based in the United States, has announced the establishment of its commercial paper program. The program enables ALC to issue Notes with an aggregate face or principal amount outstanding under the program capped at US$2.0 billion.
Air Lease Corporation (US) executive chairman Steven Udvar-Hazy has voiced concerns over the growing delays in aircraft deliveries from major manufacturers. Speaking on the issue, Udvar-Hazy remarked that in some cases, the delays are becoming even more severe, with the reliability of manufacturers’ estimated delivery timelines now in question.
Air Lease Corporation (ALC), a leading aircraft leasing company based in the United States, has successfully closed a $966.5 million unsecured term loan facility. The loan, which matures in December 2027, will provide financial flexibility to address the company’s working capital needs and support general corporate purposes.
