Air Lease Corp (N:AL)
Business Focus: Commercial Equipment Rental
| Sector: Industrials | Industry: Business Support Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | SUITE 1000-N, 2000 AVENUE OF THE STARS LOS ANGELES CA 90067 |
| Tel: | 1-310-5530555 |
| Website: | https://airleasecorp.com |
| IR: | See website |
| Key People | ||
| Steven F. Udvar-Hazy Executive Chairman of the Board | John L. Plueger President, Chief Executive Officer, Director | Gregory B. Willis Chief Financial Officer, Executive Vice President |
| Carol H. Forsyte Executive Vice President, Chief Compliance Officer, General Counsel, Corporate Secretary | Kishore Korde Executive Vice President - Marketing | Grant Allan Levy Executive Vice President - Marketing and Commercial Affairs |
| Alex A. Khatibi Executive Vice President | John D. Poerschke Executive Vice President - Aircraft Procurement and Specifications | |
| Business Overview |
| Air Lease Corporation is an aircraft leasing company. The Company is principally engaged in purchasing the technology commercial jet aircraft directly from aircraft manufacturers, such as Airbus S.A.S. (Airbus) and The Boeing Company (Boeing) and leasing those aircraft to airlines throughout the world. In addition to its leasing activities, the Company sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines and other investors. The Company also provide fleet management services to investors and owners of aircraft portfolios for a management fee. The Company operates its business on a global basis, providing aircraft to airline customers in various geographical region, including markets, such as Asia Pacific, Europe, the Middle East and Africa, Central America, South America and Mexico, and the United Kingdom and Canada. The Company has a globally diversified customer base comprised of 119 airlines in 62 countries. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Air Lease Corp revenues increased 16% to $2.68B. Net income applicable to common stockholders totaled $572.9M vs. loss of $138.7M. Revenues reflect Europe segment increase of 26% to $769.4M, Central America, South America, Mexico segment increase of 10% to $156.3M. Net Income reflects Write-off of Russian fleet decrease from $771.5M (expense) to $67M (income). |
| Employees: | 163 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $24,446M as of Dec 31, 2023 |
| Annual revenue (TTM): | $2,685M as of Dec 31, 2023 |
| EBITDA (TTM): | $2,464M as of Dec 31, 2023 |
| Net annual income (TTM): | $572.92M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$2,478M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $18,722M as of Dec 31, 2023 |
| Shares outstanding: | 111,366,501 as of Mar 4, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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