Air Lease Corp Leases A321neo to LATAM
Ticker: AL · Form: 8-K · Filed: Nov 8, 2024 · CIK: 1487712
Sentiment: neutral
Topics: lease-agreement, aircraft, aviation
Related Tickers: AL
TL;DR
ALC leases a new A321neo to LATAM, delivery May 2025.
AI Summary
Air Lease Corporation announced on November 7, 2024, that it has entered into a new lease agreement for one new Airbus A321neo aircraft with LATAM Airlines Group S.A. The aircraft is scheduled to be delivered in May 2025. This agreement is part of Air Lease Corporation's ongoing fleet development and leasing activities.
Why It Matters
This lease agreement signifies continued demand for modern, fuel-efficient aircraft like the A321neo, benefiting Air Lease Corp's revenue stream and LATAM's operational efficiency.
Risk Assessment
Risk Level: low — The filing is a routine lease announcement with no immediate financial distress or significant negative events.
Key Players & Entities
- Air Lease Corporation (company) — Registrant
- LATAM Airlines Group S.A. (company) — Lessee
- Airbus A321neo (company) — Aircraft type
- May 2025 (date) — Aircraft delivery date
- November 7, 2024 (date) — Date of report
FAQ
What type of aircraft is being leased?
The filing states that one new Airbus A321neo aircraft is being leased.
Who is the lessee in this agreement?
The lessee is LATAM Airlines Group S.A.
When is the aircraft scheduled for delivery?
The aircraft is scheduled to be delivered in May 2025.
What is the reporting date of this 8-K filing?
The date of the report is November 7, 2024.
What is the primary business of Air Lease Corporation?
Air Lease Corporation is engaged in the business of aircraft leasing and asset management.
Filing Stats: 537 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2024-11-08 16:01:30
Filing Documents
- al-20241107.htm (8-K) — 28KB
- ex-991transcriptq324.htm (EX-99.1) — 95KB
- 0001628280-24-046649.txt ( ) — 311KB
- al-20241107.xsd (EX-101.SCH) — 3KB
- al-20241107_def.xml (EX-101.DEF) — 16KB
- al-20241107_lab.xml (EX-101.LAB) — 28KB
- al-20241107_pre.xml (EX-101.PRE) — 16KB
- al-20241107_htm.xml (XML) — 4KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure On November 7, 2024, the Company held a conference call to discuss its financial results for the three and nine months ended September 30, 2024. A copy of the conference call transcript is furnished herewith and attached hereto as Exhibit 99.1. The information in this Item 7.01 and the related information in Exhibit 99.1 attached hereto shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, and shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit 99.1 Air Lease Corporation Conference Call Transcript dated Nov ember 7 , 2024. Exhibit 104 The cover page from this Current Report on 8-K formatted in Inline XBRL 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. AIR LEASE CORPORATION Date: November 8, 2024 /s/ Gregory B. Willis Gregory B. Willis Executive Vice President and Chief Financial Officer 3