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Air Lease Corporation

#2821

Rank

$4.84B

Marketcap

US United States

Country

Air Lease Corporation
Leadership team

Mr. Steven F. Udvar-Hazy (Exec. Chairman)

Mr. John L. Plueger (CEO, Pres & Director)

Mr. Gregory B. Willis II, CPA, CPA (Exec. VP & CFO)

Products/ Services
Air Transportation, Finance, Leasing
Number of Employees
100 - 500
Headquarters
Los Angeles, California, United States
Established
2010
Company Registration
SEC CIK number: 0001487712
Revenue
Above - 1B
Traded as
AL
Social Media
Overview
Location
Summary
Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, airlines, and other investors. In addition, the company provides fleet management services to investors and owners of aircraft portfolios. As of December 31, 2021, it owned a fleet of 382 aircraft, including 278 narrowbody aircraft and 104 widebody aircraft. The company was incorporated in 2010 and is headquartered in Los Angeles, California.
History

Steven Udvar-Házy, chairman and chief executive of Air Lease, was a founder of Century City, CA-based aircraft leasing giant International Lease Finance Corp. and stayed on as chief executive after it was sold to American International Group 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.

Aircraft leasing

At the 2019 Paris Air Show Virgin Atlantic signed a deal for up to 20 Airbus A330-900 aircraft making it the first UK customer for the aircraft. Eight aircraft will come directly from Airbus, six from Air Lease Corporation and it has options on a further six aircraft. They will replace older Airbus A330-200s and -300s and deliveries are expected from September 2021 to 2024.At the same venue Air Lease Corporation signed a deal for 29 Airbus A321XLR aircraft, as well as a letter of intent for 50 Airbus A220-300 aircraft.

Mission
Our mission is to support the growth strategies of our airline partners by enabling them to focus on their core business while we provide them with best-in-class aircraft leasing, financing and management services.
Vision
Our vision is to be the preferred partner to the world’s airlines by achieving the highest standards of innovation, trustworthiness, reliability, and efficiency in the global aviation leasing industry.
Key Team

Mr. Grant A. Levy (Exec. VP of Marketing & Commercial Affairs)

Mr. Jason Arnold (VP of Investor Relations)

Mr. Kishore Korde (Exec. VP of Marketing)

Ms. Carol H. Forsyte (Exec. VP, Gen. Counsel, Corp. Sec. & Chief Compliance Officer)

Ms. Courtney McKeown (Sr. VP of HR)

Mr. Alex A. Khatibi (Exec. VP)

Mr. John D. Poerschke (Exec. VP of Aircraft Procurement & Specification)

Recognition and Awards
Air Lease Corporation has been recognized for its commitment to excellence, receiving a variety of awards including Aviation Finance Company of the Year in 2017 and 2019, as well as being named to the Fortune 500 in 2018.
References
Air Lease Corporation
Leadership team

Mr. Steven F. Udvar-Hazy (Exec. Chairman)

Mr. John L. Plueger (CEO, Pres & Director)

Mr. Gregory B. Willis II, CPA, CPA (Exec. VP & CFO)

Products/ Services
Air Transportation, Finance, Leasing
Number of Employees
100 - 500
Headquarters
Los Angeles, California, United States
Established
2010
Company Registration
SEC CIK number: 0001487712
Revenue
Above - 1B
Traded as
AL
Social Media