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Air Lease Corporation Announces Lease Placement of Additional New Boeing 787 Dreamliner with Aeromexico

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08/14/2017 | 12:32pm CEST

LOS ANGELES, Aug. 14, 2017 (GLOBE NEWSWIRE) -- Today Air Lease Corporation (NYSE:AL) announced a long term lease agreement with Aeromexico for one additional new Boeing 787-9 aircraft with General Electric engines. The aircraft is from ALC’s order book with Boeing and will be Aeromexico's fourth new 787-9 lease from ALC.  Two of the Dreamliner aircraft have already delivered to the airline, with the third scheduled to deliver in June 2018 and the fourth in April 2019.

“Aeromexico is ALC's largest single airline customer in Latin America, and we continue to work closely with this successful airline to develop the most modern fleet to support their expanding global operations and their alliance with Delta Airlines," said Steven F. Udvar-Hazy, Executive Chairman of Air Lease Corporation.

"Aeromexico is pleased to grow our international route network, and the Boeing 787-9s leased from ALC are a key part of our fleet development strategy.  This April 2019 Boeing 787-9 will be the fourth unit leased from ALC,” said Dr. Andrés Conesa, Chief Executive Officer of Aeromexico.

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.

About Air Lease Corporation (NYSE:AL)

ALC is a leading aircraft leasing company based in Los Angeles, California that has airline customers throughout the world.  ALC and its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions.  For more information, visit ALC's website at www.airleasecorp.com.

About Aeromexico

Grupo Aeromexico, S.A.B. de C.V. is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. Aeromexico, the largest airline in Mexico, operates more than 600 daily flights and its main hub is in Terminal 2 at the Mexico City International Airport. Its destinations network features more than 80 cities on three continents, including 45 destinations in Mexico, 16 in the United States, 16 in Latin America, three in Europe, two in Asia and two in Canada. The Group's fleet of more than 120 aircraft is comprised of Boeing 787, 777, 767 and 737 jet airliners and next generation Embraer 170, 175 and 190 models. In 2012, the airline announced the most significant investment strategy in aviation history in Mexico, to purchase 100 Boeing aircraft including 90 MAX B737 jet airliners and 10 B787-9 Dreamliners.

Mary Liz DePalma
Director of Investor Relations
Email: mdepalma@airleasecorp.com 

Laura St. John 
Manager, Media and Investor Relations 
Email: lstjohn@airleasecorp.com

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© GlobeNewswire 2017
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Financials ($)
Sales 2017 1 496 M
EBIT 2017 815 M
Net income 2017 381 M
Debt 2017 9 174 M
Yield 2017 0,65%
P/E ratio 2017 11,49
P/E ratio 2018 9,61
EV / Sales 2017 8,88x
EV / Sales 2018 8,51x
Capitalization 4 121 M
Duration : Period :
Air Lease Corp Technical Analysis Chart | AL | US00912X3026 | 4-Traders
Technical analysis trends AIR LEASE CORP
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 46,8 $
Spread / Average Target 17%
EPS Revisions
John L. Plueger President, Chief Executive Officer & Director
Steven F. Udvar-Házy Executive Chairman
Gregory B. Willis Chief Financial Officer & Executive Vice President
Matthew J. Hart Independent Director
Ronald D. Sugar Independent Director
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