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Air Lease Corporation : › Air Lease Corporation : Announces Lease Placement of Two Airbus A320-200neo Aircraft with SAS

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06/20/2018 | 05:09pm CEST

LOS ANGELES -- Air Lease Corporation (NYSE: AL; "ALC") announced long-term lease agreements with SAS for two new CFM LEAP-1A26-powered Airbus A320-200neo aircraft scheduled for delivery in November 2019 and April 2020.

"We are pleased to announce this new lease placement with SAS," said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. "ALC looks forward to building our long-term relationship with SAS as they continue to add new aircraft to modernize their fleet and grow their network, as well as maximize their competitive advantage in the market."

Marc Baer, Air Lease Corporation's Executive Vice President added, "ALC expects these two Airbus A320-200neo aircraft additions will be key to SAS as the airline continues to enhance their fleet operations and provide their passengers with elevated comfort and excellent service."

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 SAS

SAS carries more than 30 million passengers annually and is Scandinavia's leading airline with close to 800 daily flights on 272 routes to 123 destinations in Scandinavia, Europe, USA and Asia. SAS is a member of Star Alliance(TM) and can together with its partner airlines offer more than 18,400 daily flights to 1,300 destinations around the world in over 190 countries. SAS is listed at the stock exchanges in Stockholm, Copenhagen and Oslo. For more information, visit www.sasgroup.net.


(C) 2018 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
SAS AB 1.75% 18.64 Delayed Quote.-12.49%
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Financials ($)
Sales 2018 1 685 M
EBIT 2018 933 M
Net income 2018 507 M
Debt 2018 -
Yield 2018 0,75%
P/E ratio 2018 9,32
P/E ratio 2019 7,67
Capi. / Sales 2018 2,63x
Capi. / Sales 2019 2,13x
Capitalization 4 427 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 13
Average target price 55,7 $
Spread / Average Target 31%
EPS Revisions
John L. Plueger President, Chief Executive Officer & Director
Steven F. Udvar-Házy Executive Chairman
Gregory B. Willis CFO, Principal Accounting Officer & Executive VP
Pablo Chavez Assistant Vice President-Information Technology
Matthew J. Hart Independent Director
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