Aircraft Finance & Leasing News - North America.

 
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New York (AirGuideBusiness - Aircraft Finance & Leasing News North America) Jun 3, 2013

Air Lease Air Lease Corporation Announces Pricing of Secondary Public Offering of Class A Common Stock. Air Lease Corporation (AL) (the OCompanyO) today announced the pricing of the underwritten public offering of 8,000,000 shares of its Class A Common Stock by affiliates of Ares Management LLC, Leonard Green & Partners, L.P. and WL Ross & Co. LLC. The shares of Class A Common Stock were offered to the public at $26.75 per share. The underwriter has a 30-day option from the date of the offering to purchase up to an additional 800,000 shares of Class A Common Stock from certain selling stockholders. The offering is expected to close on June 5, 2013, subject to satisfaction of customary closing conditions. The Company is not selling any shares of Class A Common Stock in the offering and will not receive any proceeds from the sale. The total number of shares of the CompanyOs Class A Common Stock outstanding will not change as a result of this offering. Credit Suisse Securities (USA) LLC is acting as the book-running manager for the offering. The Class A Common Stock is being offered pursuant to a registration statement that the Company previously filed with the U.S. Securities and Exchange Commission (the OSECO). The offering of the Class A Common Stock will be made only by means of a prospectus supplement and accompanying prospectus, which may be obtained for free by visiting EDGAR on the SECOs website at www.sec.gov. Alternatively, copies may be obtained by contacting Credit Suisse Securities (USA) LLC, Attention: Credit Suisse Prospectus Department, One Madison Avenue, New York, NY 10010, telephone 1-800-221-1037, email: newyork.prospectus@credit-suisse.com. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward-Looking Statements This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the closing of the offering. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission. Contact: Air Lease Corporation Investors: Ryan McKenna, 310-553-0555 Assistant Vice President, Strategic Planning and Investor Relations rmckenna@airleasecorp.com or Media: Laura St. John, 310-553-0555 Media and Investor Relations Coordinator lstjohn@airleasecorp.com May 31, 2013

Air Lease Air Lease Corporation Announces Secondary Public Offering of Class A Common Stock. Air Lease Corporation (AL) (the OCompanyO) today announced the commencement of an underwritten public offering, subject to market conditions, of 8,000,000 shares of its Class A Common Stock by affiliates of Ares Management LLC, Leonard Green & Partners, L.P. and WL Ross & Co. LLC. The underwriters are expected to be granted a 30-day option from the date of the offering to purchase up to an additional 1,200,000 shares of Class A Common Stock from the selling stockholders. The Company is not selling any shares of Class A Common Stock in the offering and will not receive any proceeds from the sale. The total number of shares of the CompanyOs Class A Common Stock outstanding will not change as a result of this offering. Credit Suisse Securities (USA) LLC and Goldman, Sachs & Co. will act as joint book-running managers for the offering. The Class A Common Stock is being offered pursuant to a registration statement that the Company previously filed with the U.S. Securities and Exchange Commission (the OSECO). The offering of the Class A Common Stock will be made only by means of a prospectus supplement and accompanying prospectus, which may be obtained for free by visiting EDGAR on the SECOs website at www.sec.gov. Alternatively, copies may be obtained by contacting Credit Suisse Securities (USA) LLC, Attention: Credit Suisse Prospectus Department, One Madison Avenue, New York, NY 10010, telephone 1-800-221-1037, email: newyork.prospectus@credit-suisse.com; or Goldman, Sachs & Co., 200 West Street, New York, NY 10282, Attention: Prospectus Department, telephone 1-866-471-2526, email: prospectus-ny@ny.email.gs.com. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, the Class A Common Stock in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward-Looking Statements This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the anticipated terms of the offering. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission. May 28, 2013

Air Lease Air Lease Corporation Announces the Placement of One New Airbus A321-200 with Etihad Airways. Today Air Lease Corporation (AL) announced a long term lease agreement with Etihad Airways based in Abu Dhabi, United Arab Emirates, for one new Airbus A321-200 aircraft with sharklets, scheduled for delivery in April 2015. OWe are delighted to have completed this transaction with Etihad Airways. This agreement demonstrates Etihad AirwaysO and Air Lease CorporationOs continued commitment to modern and fuel efficient aircraft,O said Alex Khatibi, Executive Vice President of Air Lease Corporation. Kevin Knight, Chief Strategy and Planning Officer at Etihad Airways, said: OOur expansion plans are well on track, and with this tenth A321 we will be able to provide additional depth and capacity to our existing network. We are delighted to be working with Air Lease Corporation and expect to further build upon the strong ties that have already been established.O Etihad Airways estimates it will deploy the A321 aircraft on short to medium-haul routes to the Middle East and India. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission. May 28, 2013

Boeing Boeing Commercial Airplanes Engineering Realigns for Future Growth and Competitiveness. Boeing (BA) announced it is establishing new centers for engineering design, propulsion and out-of-production airplane support for Commercial Airplanes as it continues to lay the foundation for increased competitiveness and profitable growth in its second century. The company, which marks its 100-year anniversary in 2016, will establish engineering design centers in Washington state, South Carolina and Southern California. The centers will operate independently but cooperatively with one another and with the existing Commercial Airplanes engineering design center in Moscow, Russia. In a related strategic move, Boeing Commercial Airplanes is establishing a propulsion operation in South Carolina to enhance the performance of future airplanes, beginning with the 737 MAX. The new centers will add internal capability and capacity in both engineering and propulsion as the company scales up to meet unprecedented demand for commercial airplanes and services. Boeing is forecasting strong growth in commercial aviation over the next 20 years, and a market for 34,000 new airplanes estimated at $4.5 trillion. The services market is estimated at $2.4 trillion. "Our opportunity for future growth is unprecedented and this helps us be more competitive by building on our team's talent and capability [ETH] across Boeing, the United States and around the world," said Mike Delaney, Boeing Commercial Airplanes vice president of Engineering. "With these changes, we are structuring Boeing's engineering operations to support that growth, reduce business risks and to consistently provide the products and services our customers expect." The engineering centers support Boeing's business from product development through design, production and support. Boeing's new propulsion operation in South Carolina is part of "a thoughtful, disciplined approach to building our capability and capacity in integrated propulsion system design," said Nicole Piasecki, vice president and general manager of Boeing Commercial Airplanes Propulsion Systems Division. "We intend to be the industry leader in this area. The Propulsion South Carolina team will begin with the design and assembly of the 737 MAX engine nacelle inlet and expand strategically on future airplane programs." That work is...

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