Last $37.46 USD
Change Today -0.04 / -0.11%
Volume 390.3K
AL On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

air lease corp (AL) Snapshot

Open
$38.00
Previous Close
$37.50
Day High
$38.20
Day Low
$37.31
52 Week High
06/6/14 - $42.89
52 Week Low
01/8/14 - $30.01
Market Cap
3.8B
Average Volume 10 Days
483.3K
EPS TTM
$2.28
Shares Outstanding
102.4M
EX-Date
12/10/14
P/E TM
16.4x
Dividend
$0.16
Dividend Yield
0.32%
Current Stock Chart for AIR LEASE CORP (AL)

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air lease corp (AL) Details

Air Lease Corporation is engaged in the purchase and leasing of commercial jet transport aircraft to airlines worldwide. The company also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, and airlines. In addition, it provides fleet management services to investors and owners of aircraft portfolios. As of December 31, 2013, the company owned a fleet of 193 aircraft, including 146 single-aisle narrowbody jet aircraft, 31 twin-aisle widebody jet aircraft, and 16 turboprop aircraft. The company was founded in 2010 and is based in Los Angeles, California.

63 Employees
Last Reported Date: 02/27/14
Founded in 2010

air lease corp (AL) Top Compensated Officers

Founder, Chairman and Chief Executive Officer
Total Annual Compensation: $2.3M
President, Chief Operating Officer and Direct...
Total Annual Compensation: $1.9M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $427.9K
Managing Director of Asia and Executive Vice ...
Total Annual Compensation: $1.2M
Executive Vice President
Total Annual Compensation: $1.0M
Compensation as of Fiscal Year 2013.

air lease corp (AL) Key Developments

Air Lease Corporation Presents at UBS Global Technology Conference 2014, Nov-19-2014 07:45 AM

Air Lease Corporation Presents at UBS Global Technology Conference 2014, Nov-19-2014 07:45 AM. Venue: Cavallo Point, The Lodge at the Golden Gate, 601 Murray Circle, Fort Baker, Sausalito, California, United States.

Air Lease to Form Joint Venture with Napier Park Global Capital (US) LP

Air Lease Corporation (ALC), through its wholly-owned subsidiary, has entered into a joint venture with a co-investment vehicle (JV Partner) arranged by Napier Park Global Capital (US) LP to invest in commercial aircraft and leasing them to airlines around the world. Both the entities are based in the US. ALC is an aircraft leasing company, while Napier Park is an employee owned investment manager. The new JV, Blackbird Capital I LLC, will be committed equity and debt capital, and 90.5% of the equity is owned, through the JV Partner, by a pooled investment vehicle of long-term institutional investors managed by Napier Park. ALC will own a 9.5% in the JV and will not consolidate the entity. Under the terms of the transaction, the JV is expected to acquire total aircraft assets of approximately $2,000 million by year-end 2016, with up to $500 million in equity and the remainder financed by a committed $750 million warehouse credit facility (which includes an accordion feature that could make the total facility up to $1.5 billion) and other forms of debt financing. ALC will provide management services over a 12 year period to the JV for a servicing fee based upon aircraft assets under management. In addition, ALC expects to sell aircraft from its portfolio to the joint venture with an aggregate value of approximately $500 million by year-end 2016. Through the JV, ALC will manage up to $2,000 million of additional aircraft lease transactions to better serve the airline industry.

Air Lease Corporation Declares Quarterly Cash Dividend, Payable on January 5, 2015; Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Board of Directors of Air Lease Corporation declared a quarterly cash dividend of $0.04 per share on outstanding common stock, representing a $0.01 increase from previous quarterly cash dividend. The dividend will be paid on January 5, 2015 to holders of record of common stock as of December 12, 2014. Air Lease Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $261,939,000 against $215,905,000 a year ago. Income before taxes was $96,277,000 against $74,888,000 a year ago. Net income was $62,433,000 or $0.58 per diluted share against $48,578,000 or $0.46 per diluted share a year ago. Adjusted net income was $54,911,000 against $44,602,000 a year ago For the nine months period, the company reported total revenues $764,549,000 against $615,774,000 a year ago. Income before taxes was $286,666,000 against $202,871,000 a year ago. Net income was $185,867,000 or $1.73 per diluted share against $131,564,000 or $1.25 per diluted share a year ago. Adjusted net income was $153,879,000 against $115,415,000 a year ago. Net cash provided by operating activities was $571,173,000 against $492,786,000 a year ago. Acquisition of furnishings, equipment and other assets was $168,092,000 against $134,795,000 a year ago.

 

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AL Competitors

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Aircastle Ltd $20.61 USD +0.07
Avation PLC 164.50 GBp +3.00
AviaAM Leasing AB 8.30 PLN +0.10
Fly Leasing Ltd $13.25 USD -0.15
SCSK Corp ¥3,075 JPY -15.00
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Industry Analysis

AL

Industry Average

Valuation AL Industry Range
Price/Earnings 16.8x
Price/Sales 3.8x
Price/Book 1.4x
Price/Cash Flow 15.7x
TEV/Sales NM Not Meaningful
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