Air Lease Corp Files Definitive Additional Proxy Materials
Ticker: AL · Form: DEFA14A · Filed: Apr 4, 2024 · CIK: 1487712
Sentiment: neutral
Topics: proxy-statement, corporate-governance
Related Tickers: AL
TL;DR
AL filed more proxy docs, check for updates before voting.
AI Summary
Air Lease Corporation (AL) filed a DEFA14A, indicating it is providing definitive additional materials related to its proxy statement. The filing does not contain specific financial figures or proposals but serves as a supplement to previously filed proxy information for the company, which is incorporated in Delaware and headquartered in Los Angeles.
Why It Matters
This filing provides updated or supplementary information to shareholders regarding Air Lease Corporation's proxy statement, which is crucial for upcoming shareholder votes and corporate governance decisions.
Risk Assessment
Risk Level: low — This filing is a routine administrative filing for proxy materials and does not present new financial risks or significant corporate actions.
Key Players & Entities
- AIR LEASE CORP (company) — Registrant
- 2000 AVENUE OF THE STARS (location) — Business and Mail Address
- LOS ANGELES (location) — City
- DE (location) — State of Incorporation
FAQ
What is the purpose of this DEFA14A filing?
This DEFA14A filing indicates that Air Lease Corporation is providing definitive additional materials related to its proxy statement, supplementing previously filed information.
When was Air Lease Corporation incorporated?
Air Lease Corporation was incorporated in Delaware (DE).
Where is Air Lease Corporation headquartered?
Air Lease Corporation's business and mail address is located at 2000 Avenue of the Stars, Suite 1000-N, Los Angeles, CA 90067.
What is the standard industrial classification for Air Lease Corporation?
The standard industrial classification for Air Lease Corporation is SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359].
Is this a preliminary or definitive proxy statement?
This filing is marked as 'Definitive Additional Materials', indicating it is not a preliminary proxy statement but rather supplementary information to definitive materials.
Filing Stats: 4,480 words · 18 min read · ~15 pages · Grade level 16.3 · Accepted 2024-04-04 16:02:01
Key Financial Figures
- $50 — ader in Aircraft Leasing Air Lease is a $50+ billion aircraft leasing platform 11.8
- $30.5 Billion — billion aircraft leasing platform 11.8% $30.5 Billion $21.7 Billion 875 Aircraft $31.0 Billio
- $21.7 Billion — ft leasing platform 11.8% $30.5 Billion $21.7 Billion 875 Aircraft $31.0 Billion $6.8 Billion
- $31.0 Billion — 30.5 Billion $21.7 Billion 875 Aircraft $31.0 Billion $6.8 Billion Owned, 4 3 Managed & Pre-t
- $6.8 Billion — 21.7 Billion 875 Aircraft $31.0 Billion $6.8 Billion Owned, 4 3 Managed & Pre-tax ROE Total
- $30.5 billion — 0+ billion leasing platform consists of $30.5 billion in assets, $21.7 billion in commitments
- $21.7 billion — rm consists of $30.5 billion in assets, $21.7 billion in commitments to acquire aircraft, in
- $16.4 billion — e commitment of $21.7 billion. Includes $16.4 billion in contracted 3 minimum rental payments
- $14.6 billion — the aircraft in our existing fleet and $14.6 billion in minimum future rental payments relat
- $6.8 billion — through 2027. Available liquidity of 4 $6.8 billion is comprised of unrestricted cash of $0
- $0.5 b — on is comprised of unrestricted cash of $0.5 billion, an available borrowing capacity
- $6.3 b — unsecured revolving credit facility of $6.3 billion, as of December 31, 2023. Pre-Tax
- $28.6 — Assets ($bn) Unencumbered Assets ($bn) $28.6 $27.0 $30.5 $25.5 $28.4 $23.6 $27.0 $25
- $27.0 — s ($bn) Unencumbered Assets ($bn) $28.6 $27.0 $30.5 $25.5 $28.4 $23.6 $27.0 $25.2 $20
- $30.5 — ) Unencumbered Assets ($bn) $28.6 $27.0 $30.5 $25.5 $28.4 $23.6 $27.0 $25.2 $20.0 $21
Filing Documents
- d820668ddefa14a.htm (DEFA14A) — 45KB
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- 0001193125-24-087233.txt ( ) — 9067KB
Forward Looking Statements & Non-GAAP Measures Statements in this
Forward Looking Statements & Non-GAAP Measures Statements in this presentation that are not historical facts are hereby identified as "forward-looking statements," including any statements about our expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance. These statements are often, but not always, made through the use of words or phrases such as "anticipate," "believes," "can," "could," "may," "predicts," "potential," "should," "will," "estimate," "plans," "projects," "continuing," "ongoing," "expects," "intends" and similar words or phrases. Accordingly, these statements are only predictions and involve estimates, known and unknown risks, assumptions and uncertainties that could cause actual results to differ materially from those expressed in them. We wish to caution you that our actual results could differ materially from those anticipated in such forward-looking statements as a result of several factors, including, but not limited to, the following: our inability to obtain additional capital on favorable terms, or at all, to acquire aircraft, service our debt obligations and refinance maturing debt obligations; increases in our cost of borrowing, decreases in our credit ratings, or changes in interest rates; our inability to generate sufficient returns on our aircraft investments through strategic acquisition and profitable leasing; the failure of an aircraft or engine manufacturer to meet its contractual obligations to us, including or as a result of manufacturing defects and technical or other difficulties with aircraft or engines before or after delivery; our ability to recover losses related to aircraft detained in Russia, including through insurance claims and related litigation; obsolescence of, or changes in overall demand for, our aircraft; changes in the value of, and lease rates for, our aircraft, including as a result of aircraft oversupply, manufacturer production levels, our lessees' failure to