Airbus A330neo

Avolon Reports Strong Full Year Results

Retrieved on: 
Thursday, February 8, 2024

*Adjusted EBITDA is a non-GAAP measure.

Key Points: 
  • *Adjusted EBITDA is a non-GAAP measure.
  • Avolon’s Sustainability Report for 2023 is also published today and can be accessed here .
  • Record operating cashflow and a sharp increase in net income are testament to our success in 2023.
  • Against an attractive market backdrop, Avolon has an industry-leading platform and robust balance sheet to drive future earnings growth.”

A Home Run Collaboration: STARLUX Airlines and the Los Angeles Dodgers Renew and Expand Partnership for Three More Years

Retrieved on: 
Tuesday, January 30, 2024

Taiwan-based luxury carrier STARLUX Airlines and the Los Angeles Dodgers are bolstering their relationship with a three-year expanded renewal agreement.

Key Points: 
  • Taiwan-based luxury carrier STARLUX Airlines and the Los Angeles Dodgers are bolstering their relationship with a three-year expanded renewal agreement.
  • Since introducing our inaugural U.S. destination to Los Angeles in April 2023, we’ve celebrated significant accomplishments together,” said STARLUX CEO Glenn Chai.
  • For Asia-bound passengers, STARLUX Airlines operates daily flights on the Los Angeles-Taipei route, exclusively offering Dodgers-themed amenities on flights departing from Los Angeles.
  • Today, STARLUX Airlines operates a fleet of 21 aircraft and plans to introduce 5 wide-body aircraft this year, including four A350-900 and one A330neo, continuing to expand its network.

Strong Leasing Activity Underpinned by Airlines’ Demand for Aircraft and Capital

Retrieved on: 
Tuesday, January 9, 2024

Avolon, a leading global aviation finance company, issues an update for the fourth quarter (‘Q4’) and 2023 full year (‘FY’).

Key Points: 
  • Avolon, a leading global aviation finance company, issues an update for the fourth quarter (‘Q4’) and 2023 full year (‘FY’).
  • “Strengthening market conditions allowed us to place our orderbook and used aircraft at accretive lease rates while underwriting US$4bn of new volume through the sale and leaseback market.
  • Our balance sheet scale allowed us to order a further 200 new technology aircraft which strengthens our delivery pipeline and growth into the next decade.”
    - Ordered 200 new aircraft including 100 A321neo, 80 737MAX and 20 A330neo;
    - Entered into letters of intent for the sale and leaseback of 51 new aircraft;
    - Executed 147 lease transactions comprising new aircraft leases, follow-on leases and lease extensions;
    - Delivered 43 new aircraft and transitioned 30 aircraft to 22 customers;
    - Sold 31 aircraft in 2023 and ended the year with 25 aircraft agreed for sale;
    - Owned, managed and committed fleet of 1,035 aircraft at year end, a 24% increase year on year;
    - Raised US$4.9 billion of new debt across both the public and private markets;
    - Upsized unsecured revolving facility to US$4.8 billion, bringing total revolving debt capacity to US$6.1 billion at year end; and,
    - Published 2nd annual sustainability report, affirmed Sustainalytics rating at 16/’Low Risk’ and supported a feasibility study into the production of Sustainable Aviation Fuel in Ireland in partnership with Boeing and ORIX Aviation.
  • - Placed order for 100 A321neos and 40 737 MAX aircraft;
    - Entered into letters of intent for the sale and leaseback of 14 aircraft;
    - Executed 43 lease transactions comprising new aircraft leases, follow-on leases and lease extensions;
    - Delivered 22 new aircraft and transitioned 4 aircraft to 11 customers;
    - Sold 12 aircraft and entered into letters of intent for the sale of a further 14 aircraft;
    - Added 2 new customers, giving a total of 146 airline customers operating in 65 countries;
    - Ended the quarter with an owned and managed fleet of 577 aircraft, with total orders and commitments for 458 fuel-efficient, new technology aircraft;
    - Closed a private offering of US$400 million in senior unsecured notes due 2028; and,
    - Repriced a US$2.3 billion Term Loan B, extending $650 million of the facility from 2027 to 2028.

Air Lease Corporation Announces Delivery of One New Airbus A321-200neo and One New Airbus A330-900neo Aircraft to Sunclass Airlines

Retrieved on: 
Thursday, December 14, 2023

Today Air Lease Corporation (NYSE: AL) announced two new Airbus aircraft delivered to Sunclass Airlines of Denmark, including one new A321-200neo and one new A330-900neo.

Key Points: 
  • Today Air Lease Corporation (NYSE: AL) announced two new Airbus aircraft delivered to Sunclass Airlines of Denmark, including one new A321-200neo and one new A330-900neo.
  • Both aircraft delivered to Sunclass Airlines this December on long-term lease from ALC’s order book with Airbus.
  • “We are pleased to announce the first of two A321-200neos and the first of three A330-900neos delivered to Sunclass Airlines,” said Steven Udvar-Házy, Executive Chairman of Air Lease Corporation.
  • About Air Lease Corporation (NYSE: AL)
    Air Lease Corporation is a leading global aircraft leasing company based in Los Angeles, California that has airline customers throughout the world.

Air Lease Corporation Announces Delivery of First of Nine New Airbus A321-200neo Aircraft to ITA Airways

Retrieved on: 
Friday, November 10, 2023

Today Air Lease Corporation (NYSE: AL) announced one new Airbus A321-200neo aircraft delivered to ITA Airways.

Key Points: 
  • Today Air Lease Corporation (NYSE: AL) announced one new Airbus A321-200neo aircraft delivered to ITA Airways.
  • This aircraft is the first of nine new Airbus A321s confirmed to deliver to the Italian airline from ALC’s order book with Airbus in 2023 through 2025.
  • “ALC is pleased to announce this delivery of one new Airbus A321-200neo aircraft to ITA Airways and be the first to introduce the A321neo to the airline,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation.
  • About Air Lease Corporation (NYSE: AL)
    Air Lease Corporation is a leading global aircraft leasing company based in Los Angeles, California that has airline customers throughout the world.

Avolon 2023 Third Quarter Results

Retrieved on: 
Thursday, November 2, 2023

"The third quarter showed the continuing positive trajectory of our financial performance, helped by strong demand for aircraft and rising lease rates.

Key Points: 
  • "The third quarter showed the continuing positive trajectory of our financial performance, helped by strong demand for aircraft and rising lease rates.
  • We continued to support our customers' demand for capital and have underwritten US$2.9 billion in new sale and leaseback volume year to date.
  • These transactions, along with lease extensions and aircraft placed from our orderbook at attractive lease rates, will drive our long-term profitability.
  • We expect the current strong demand for travel and undersupply of aircraft to remain for the foreseeable future."

Alaska Airlines celebrates enhanced partnership with Condor Airlines

Retrieved on: 
Monday, November 6, 2023

SEATTLE, Nov. 6, 2023 /PRNewswire/ -- Alaska Airlines is expanding our partnership with Condor Airlines – one of our global partners since March 2017 – with a bilateral codeshare agreement that enables Alaska and Condor to sell each other's flights. Last week, Condor began marketing and selling more than 70 Alaska routes across the U.S. This past summer, Alaska began marketing and selling from Condor's 12 U.S. gateway cities – including Seattle, Portland, San Francisco, Los Angeles (LAX) and Anchorage – to Frankfurt, Germany, the carrier's home airport. These flights are available for purchase at alaskaair.com.

Key Points: 
  • SEATTLE, Nov. 6, 2023 /PRNewswire/ -- Alaska Airlines is expanding our partnership with Condor Airlines – one of our global partners since March 2017 – with a bilateral codeshare agreement that enables Alaska and Condor to sell each other's flights.
  • Last week, Condor began marketing and selling more than 70 Alaska routes across the U.S.
  • Condor provides a key link with its nonstops from Alaska's gateway cities to Europe and beyond," said Nat Pieper, senior vice president of fleet, finance and alliances at Alaska Airlines.
  • Elite status on Alaska automatically matches tier status in oneworld so members can enjoy all the benefits that come with it right away.

Air Lease Corporation Activity Update for the Third Quarter of 2023

Retrieved on: 
Tuesday, October 10, 2023

Today Air Lease Corporation (NYSE: AL) announced an update on aircraft investments and sales activities occurring in the third quarter of 2023.

Key Points: 
  • Today Air Lease Corporation (NYSE: AL) announced an update on aircraft investments and sales activities occurring in the third quarter of 2023.
  • Delivered eight new aircraft from ALC’s order book including two Airbus A220-300s, two Airbus A321neos, one Airbus A330-900neo, two Boeing 737-8s, and one Boeing 737-9.
  • About Air Lease Corporation (NYSE: AL)
    Air Lease Corporation is a leading global aircraft leasing company based in Los Angeles, California that has airline customers throughout the world.
  • Investors and potential investors are encouraged to consult Air Lease Corporation’s website regularly for important information.

Avolon Q3 Business Update

Retrieved on: 
Thursday, October 5, 2023

Avolon, a leading global aviation finance company, issues an update for the third quarter (‘Q3’) of 2023.

Key Points: 
  • Avolon, a leading global aviation finance company, issues an update for the third quarter (‘Q3’) of 2023.
  • Executed 43 lease transactions comprising new aircraft leases, follow-on leases and lease extensions;
    Delivered 7 new aircraft and transitioned 4 aircraft to a total of 7 customers;
    Sold 14 aircraft and entered letters of intent for the sale of a further 15 aircraft;
    Entered into letters of intent for the sale and leaseback of 16 aircraft;
    Confirmed order for 20x A330neo aircraft, and placed the first of these aircraft;
    Added 1 new customer, giving a total of 147 airline customers operating in 65 countries; and,
    Ended the quarter with an owned and managed fleet of 568 aircraft, with total orders and commitments for 329 fuel-efficient, new technology aircraft.

San Antonio International Airport Announces First-Ever Nonstop Flights to Europe

Retrieved on: 
Monday, September 25, 2023

Beginning May 17, 2024, Condor Airlines will begin seasonal, nonstop flights from San Antonio International Airport (SAT) to Frankfurt (FRA), a major access point with almost 300 nonstop destinations to more than 90 countries throughout Europe, the Middle East, Africa, and India.

Key Points: 
  • Beginning May 17, 2024, Condor Airlines will begin seasonal, nonstop flights from San Antonio International Airport (SAT) to Frankfurt (FRA), a major access point with almost 300 nonstop destinations to more than 90 countries throughout Europe, the Middle East, Africa, and India.
  • "This a spectacular win for San Antonio," said San Antonio Mayor Ron Nirenberg.
  • "This is the first time people in San Antonio will be able to fly from SAT to Europe nonstop and vice-versa.
  • Germany is where San Antonio has the most demand for travel in Europe because of the cultural, historic, tourism, military, and business ties."