AIR LEASE CORPORATION (NYSE: AL)

Air Lease Corporation Announces Lease Placement of Ten New Airbus A321-200neo Aircraft and Sale & Lease-back of Five New Airbus A320-200neo Aircraft with Spirit Airlines

Retrieved on: 
Wednesday, September 8, 2021
Professional Services, Air, Transport, Transportation, Finance, Travel, Air Lease Corporation (NYSE: AL), Spirit Airlines, AIR LEASE CORPORATION (NYSE: AL), SPIRIT AIRLINES

Air Lease Corporation (NYSE: AL) announced today long-term lease placements for ten new Airbus A321-200neo aircraft and sale and lease-backs of five new Airbus A320-200neo aircraft with Spirit Airlines.

Key Points: 
  • Air Lease Corporation (NYSE: AL) announced today long-term lease placements for ten new Airbus A321-200neo aircraft and sale and lease-backs of five new Airbus A320-200neo aircraft with Spirit Airlines.
  • The ten A321neos are scheduled to deliver to Spirit Airlines from ALCs orderbook with Airbus beginning in 2023 through 2024.
  • ALC is pleased to announce this transaction for fifteen Airbus A320 & A321neos with Spirit Airlines, said Steven F. Udvar-Hzy, Executive Chairman of Air Lease Corporation.
  • 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.

Blackbird Capital II LLC Closes $745,000,000 Aircraft Secured Notes to Refinance Existing Warehouse Debt

Retrieved on: 
Thursday, July 1, 2021
Professional services, Air, Transport, Aerospace, Manufacturing, Finance, Aircraft, Blackbird, Aviation, Technology, Air Lease Corporation (NYSE: AL), Napier Park Global Capital, AIR LEASE CORPORATION (NYSE: AL), NAPIER PARK GLOBAL CAPITAL

Blackbird Capital II LLC (Blackbird) announced today that Blackbird Capital II Aircraft Lease Limited (BBIRD Cayman) and Blackbird Capital II Aircraft Lease US LLC (BBIRD USA, and collectively, the "Issuers") have closed a $745,000,000 Fixed Rate Notes offering, comprised of US$630,000,000 of 2.443% Series A Fixed Rate Notes ("Series A Notes") and US$115,000,000 of 3.446% Series B Fixed Rate Notes ("Series B Notes", and together with the Series A Notes, the Notes).

Key Points: 
  • Blackbird Capital II LLC (Blackbird) announced today that Blackbird Capital II Aircraft Lease Limited (BBIRD Cayman) and Blackbird Capital II Aircraft Lease US LLC (BBIRD USA, and collectively, the "Issuers") have closed a $745,000,000 Fixed Rate Notes offering, comprised of US$630,000,000 of 2.443% Series A Fixed Rate Notes ("Series A Notes") and US$115,000,000 of 3.446% Series B Fixed Rate Notes ("Series B Notes", and together with the Series A Notes, the Notes).
  • The Notes are backed by a portfolio of 18 aircraft (the "Aircraft") which will be acquired by the Issuers.
  • Air Lease Corporation and its Irish affiliate, ALC Aircraft Limited, will act as servicers with respect to the Aircraft.
  • Proceeds from the issuance of the Notes will be used by the Issuers to refinance the existing warehouse loans and/or acquire the Aircraft.