Air Lease Corporation operates as an aircraft leasing company. The company is primarily engaged in purchasing new commercial jet transport aircraft directly from the manufacturers, such as The Boeing Company (Boeing) and Airbus S.A.S. (Airbus), and leasing those aircraft to airlines worldwide. In addition to the company’s leasing activities, it sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, and airlines. The company also provides fleet management services to investors and owners of aircraft portfolios. It has relationships with approximately 200 airlines across 70 countries. The company operates its business on a global basis, providing aircraft to airline customers in every major geographical region, including markets, such as Asia, the Pacific Rim, Latin America, the Middle East, and Eastern Europe. The company’s fleet principally includes fuel-efficient and newer technology aircraft, including narrowbody aircraft, such as the Boeing 737-700/800, the Airbus A320/321, and the Embraer E190; select widebody aircraft, such as the Boeing 777-300ER and the Airbus A330-200/300; and the ATR 72-600 turboprop aircraft. As of December 31, 2013, the company owned 193 aircraft, including 146 narrowbody jet aircraft, 31 widebody jet aircraft, and 16 turboprop aircraft, with a weighted average age of 3.7 years. It owned 155 aircraft, including 118 narrowbody jet aircraft, 27 widebody jet aircraft, and 10 turboprop aircraft, with a weighted average age of 3.5 years. Strategy The company’s primary strategy is to order new aircraft in bulk directly from the manufacturers to minimize the acquisition price. Its strategy is to maintain a portfolio of young aircraft with a diversified customer base. Government Regulation The company requires its lessees to comply with the standards of either the U.S. Federal Aviation Administration or its equivalent in foreign jurisdictions. The company is also subject to the regulatory authority of the U.S. Department of State and the U.S. Department of Commerce to the extent such authority relates to the export of aircraft for lease and sale to foreign entities and the export of parts to be installed on its aircraft. History Air Lease Corporation was founded in 2010.
air lease corp (AVLA:Frankfurt)
2000 Avenue of the Stars
Los Angeles, CA 90067
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