November 12, 2011 |
Air Lease Corp., the aircraft leasing company started last year by Los Angeles billionaire Steven Udvar-Hazy, reported a profit for the third quarter, citing strong demand for its aircraft amid airline expansion in many regions of the world. The Century City company reported late Thursday that net income for the three-month period ended Sept. 30 came to $18.3 million, or 18 cents a share. Analysts had expected a profit of 15 cents a share. Revenue totaled $92.1 million. Air Lease bought 14 planes during the quarter and now has a fleet of 79 aircraft.
May 17, 2011 |
Los Angeles billionaire Steven Udvar-Hazy's Air Lease Corp. reported a $3.2-million profit in its first quarterly earnings report — just one month after its first day of trading on the New York Stock Exchange. The Century City-based aircraft leasing company reported Monday that revenue for the three-month period ended March 31 totaled $55.2 million, compared with total expenses of $50.3 million. Air Lease announced earnings of 5 cents a share after the stock market closed.
April 20, 2011 |
A battle between two big names in aircraft leasing is underway, with Los Angeles billionaire Steven Udvar-Hazy's Air Lease Corp. now armed with about $868 million from its initial public offering to buy new jets. In its first day of trading on the New York Stock Exchange, the Century City company known as ALC saw its stock close at $27.95 a share Tuesday. That's up 5.5% from its IPO price of $26.50. The company sold 34.8 million shares in the initial offer, 9.8 million more than it had anticipated.
April 18, 2011 |
Los Angeles billionaire Steven Udvar-Hazy's new aircraft-leasing venture is headed for a multimillion-dollar arrival on the New York Stock Exchange this week. Air Lease Corp., started last year by industry pioneer Udvar-Hazy, is set to go public with a stock offering that will fuel the Century City company's buying power to add to its fleet of new passenger jets. The deal also will boost the company's ability to take on larger global competitors, including Udvar-Hazy's former firm, International Lease Finance Corp., owned by insurance behemoth American International Group Inc. Air Lease, or ALC, could sell as many as 28.75 million shares of Class A common stock at $25 to $28 a share, raising as much as $805 million.
April 5, 2011 |
Air Lease Corp., the Century City aircraft leasing company started last year by Los Angeles billionaire Steven Udvar-Hazy, said it planned to raise as much as $805 million in its initial public offering. The company, which buys passenger planes and rents them to airlines, said in January that it was planning an IPO. At that point ALC said it wanted to raise $100 million. The company said it would use the money to fund its acquisition of commercial aircraft and for general corporate purposes.
January 15, 2011 |
Air Lease Corp., the Century City aircraft leasing company started last year by Los Angeles billionaire Steven Udvar-Hazy, is seeking to raise $100 million in an initial public stock offering. In a filing with the Securities and Exchange Commission on Friday, Udvar-Hazy's company said it intended to use the money to fund acquisition of commercial aircraft and for general corporate purposes. The public offering could help Udvar-Hazy regain his stature as the godfather of aircraft leasing, the business of buying planes and renting them to airlines.