Air Lease Corporation

Type| Public

Traded as

* NYSE: AL (Class A)
* Russell 1000 component
* S&P 600 component

Industry| Aircraft leasing
Founded| February 2010; 16 years ago (2010-02)
Headquarters| Los Angeles, California, U.S.

Key people

| Steven F. Udvar-Házy (executive chairman)
John Plueger (president and CEO)
Revenue| US$1.5 billion (2017)

Net income

| US$756 million (2017)

Number of employees

| 129 (2021)
Website| www.airleasecorp.com
Footnotes / references
[1][2]

Air Lease Corporation (ALC) is an American aircraft leasing company founded in 2010 and headed by Steven F. Udvar-Házy.[2] Air Lease purchases new commercial aircraft through direct orders from Boeing, Airbus, Embraer and ATR, and leases them to its airline customers worldwide through specialized aircraft leasing and financing.

At the end of 2017, Air Lease reported that it owns 244 Airbus, Boeing, Embraer, and ATR aircraft, which it leases to over 91 airlines across 55 countries in every major geographical region in the world.[1]

Air Lease provides airlines with net operating leases, which require the lessee to pay for maintenance, insurance, taxes and all other aircraft operating expenses during the lease term.[1]

As of March 2024[update], Air Lease owns 472 aircraft: 354 narrowbody aircraft, and 118 widebody aircraft, in addition to 320 aircraft on order.[3]

Air Lease is expected to be acquired by a consortium of Sumitomo Corporation, SMBC Aviation Capital, Apollo, and Brookfield, with the transaction expected to be closed by the first quarter of FY2026, at which point Air Lease Corporation will be renamed Sumisho Air Lease Corporation.[4]

## Contents

* 1 History
* 1.1 Aircraft leasing
* 1.2 Acquisition
* 2 References
* 3 External links

## History

Steven Udvar-Házy, chairman and chief executive of Air Lease, was a founder of Century City, CA-based aircraft leasing giant International Lease Finance Corp. (ILFC) and stayed on as chief executive after it was sold to American International Group (AIG) in 1990.[5] Udvar-Házy left ILFC to start Air Lease in 2010 following a dispute with AIG.[6]

Udvar-Házy started Air Lease in February 2010 with former ILFC chief operating officer John Plueger, who has the same role at the new company. On April 19, 2011, AL had an initial public offering of Class A stock on the New York Stock Exchange, and raised an estimated total of US$965.6 million.[7]Udvar-Hazy, estimated by Forbes in 2015 to have a net worth of $3.7 billion, has a 7 percent stake.[8]

### Aircraft leasing

At the 2019 Paris Air Show Virgin Atlantic signed a deal for up to 20 Airbus A330-900 aircraft making it the first UK customer for the aircraft. Eight aircraft will come directly from Airbus, six from Air Lease Corporation and it has options on a further six aircraft. They will replace older Airbus A330-200s and -300s [9] and deliveries are expected from September 2021 to 2024.[10]

At the same venue Air Lease Corporation signed a deal for 29 Airbus A321XLR aircraft, as well as a letter of intent for 50 Airbus A220-300 aircraft.[9]

### Acquisition

On September 2, 2025, Air Lease announced that it is expected to be acquired by a consortium of Sumitomo Corporation, SMBC Aviation Capital, Apollo, and Brookfield, for approximately US$ 7.4 billion. The transaction is expected to be closed by the first quarter of FY2026, at which point Air Lease Corporation will be renamed Sumisho Air Lease Corporation.[4]

## References

1. ↑ 1.0 1.1 1.2 "Annual report". https://www.airleasecorp.com/files/documents/AirLeaseCorporation2017AnnualReport_bmk.pdf.
2. ↑ 2.0 2.1 "Bloomberg profile". https://www.bloomberg.com/profiles/companies/AL:US-air-lease-corp.
3. ↑ "Air Lease Corporation Announces First Quarter 2024 Results". 2024-05-06. https://airleasecorp.com/press/air-lease-corporation-announces-first-quarter-2024-results.
4. ↑ 4.0 4.1 "Sumitomo Corporation, SMBC Aviation Capital, Apollo and Brookfield to Acquire U.S.-Based Aircraft Leasing Company Air Lease Corporation". 2025-09-02. https://www.sumitomocorp.com/en/jp/news/release/2025/group/20350.
5. ↑ Leslie Wayne (10 May 2007). "The Real Owner of All Those Planes". The New York Times. https://www.nytimes.com/2007/05/10/business/10flyboy.html.
6. ↑ Seth Lubove (2012-10-04). "Jet-Lease Billionaire Udvar-Hazy Takes On AIG Hand That Fed Him". Bloomberg Business. https://www.bloomberg.com/news/articles/2012-10-04/jet-lease-billionaire-udvar-hazy-takes-on-aig-hand-that-fed-him.
7. ↑ "Air Lease IPO to Target Emerging Markets". Los Angeles Business Journal. January 17, 2011. http://www.labusinessjournal.com/news/2011/jan/17/air-lease-targets-emerging-markets-ipo/.
8. ↑ "Steven Udvar-Hazy". Forbes. 9 March 2011. https://www.forbes.com/profile/steven-udvar-hazy.
9. ↑ 9.0 9.1 "A321XLR Steals Paris Show". Airliner World August 2019: 6–7.
10. ↑ "'Buses from Toulouse for Virgin". Airliner World August 2019: 10.

## External links

* Official website
* Business data for Air Lease Corporation:

* Google Finance
* Yahoo! Finance
* Bloomberg
* Reuters
* SEC filings

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