AL stock signaled a bullish MACDThe MACD indicator is essentially a momentum indicator that shows the relationship between two different moving averages of price. The MACD is the difference between the 12-period ... on December 10, 2021, after the company reported another delivery of an Airbus.
Air Lease Corporation Announces Delivery of New Airbus A321-200neo LR Aircraft to Peach Aviation
On December 8, 2021, Air Lease Corporation (NYSE: AL) announced the delivery of one new Airbus A321-200neo LR aircraft on long-term lease to Peach Aviation, an affiliate of ANA based in Osaka, Japan. Featuring CFM International LEAP-1A32 engines, this is the first of two new A321-200neo LRs confirmed to deliver to the airline from ALC’s orderbook with Airbus. This aircraft is the first A321neo LR to join Peach Aviation’s fleet.
“ALC is delighted to be the first to introduce the A321-200neo LR to Peach Aviation,” said Chi Yan, Senior Vice President of Air Lease Corporation. “The A321neo LR will provide key enhancements to the airline’s fleet operations as Peach continues to add the most modern, fuel-efficient aircraft to their expanding fleet and offer the highest quality passenger experience.”
In addition to this new A321-200neo LR, Peach Aviation currently has two A320-200neos on long-term lease from ALC.
ALC is a leading aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. ALC routinely posts information that may be important to investors in the “Investors” section of ALC’s website at https://www.airleasecorp.com.
Air Lease Corporation Announces Delivery of First of Six New Airbus A321-200neo Aircraft to China Airlines
On November 29, 2021, Air Lease Corporation (NYSE: AL) announced the delivery of one new Airbus A321-200neo aircraft on long-term lease to China Airlines. Featuring Pratt & Whitney PW1133G-JM engines, this is the first of six new A321-200neos confirmed to deliver to the airline from ALC’s orderbook with Airbus. This aircraft is the first A321neo to deliver to China Airlines.
“ALC is honored to be the first to introduce the A321neo to our long-time customer China Airlines. The A321neo will become the backbone of China Airlines’ single-aisle fleet, providing fleet expansion and modernization, and elevation of their passenger experience to new levels. The greater fuel efficiency and operating flexibility of the A321neo will also maximize profitability and further China Airlines environmental sustainability goals,” said John L. Plueger, Chief Executive Officer and President of Air Lease Corporation.
Air Lease EVP Khatibi sells 15,625 class A shares
On November 18, 2021, in a regulatory filing, Air Lease executive VP Alex Khatibi disclosed the sale of 15,625 class A common shares of the company on November 17 at a price of $45.5045 per share.
Air Lease signs deal with Airbus covers 111 aircraft
On November 15, 2021, Air Lease (AL) signed a Letter of Intent covering all Airbus (EADSY) Families, highlighting the power of the company’s full product range. The agreement is for 25 A220-300s, 55 A321neos, 20 A321XLRs, four A330neos and includes seven A350Fs. The order which will be finalised in the coming months, makes the Los Angeles based ALC one of Airbus’ largest customers and lessor with the biggest A220 order book. Founded in 2010, ALC has ordered a total of 496 Airbus aircraft to date. With this order ALC and Airbus are launching a multi-million dollar ESG fund initiative that will contribute towards investment into sustainable aviation development projects that will in the future be opened to multiple stakeholders from the aircraft leasing and financing community and beyond.
“This new order announcement is the culmination of many months of hard work and dedication by both organizations to optimize and fine tune the size and scope of this large aircraft transaction in view of the rapidly growing global airline demand to modernize their jet fleets through the ALC leasing medium,” said Steven F Udvar-Hazy, Executive Chairman of Air Lease Corporation.
“After lengthy and detailed consultations with several dozen of our strategic airline customers around the world, we are focusing this comprehensive order on the most desirable and in demand aircraft types, covering the A220, A321neo, A330neo and A350 families. ALC is an international Market Leader in each of these categories of the most modern Airbus product lineup. These multi- year additions of new technology aircraft assets to ALC’s expanding portfolio will allow us to grow our revenues and profitability while satisfying our airline customer requirements.”
VIDEO How Aircraft Leasing Works & Why Airlines Do It
Simple Flying posted this educational video on what aircraft leasing is and why airlines do it. This lesson will give you a better understanding of AL stock.
VIDEO Air Lease CEO on the Future of Travel
On April 19, 2021, Air Lease CEO John Plueger spoke to Bloomberg’s Alix Steel and Guy Johnson on the 10 year anniversary of the companies’ initial listing on the NYSE.
AL Stock Technical Analysis
The long-term trend is still neutral, but the short-term trend is positive, so the stock is getting more and more appreciated by traders and investors. Large players volume is trending higher which is bullish. AL is part of the Trading Companies & Distributors industry. There are 59 other stocks in this industry, of which 67% are performing better than AL. There is a support zone ranging from 42.39 to 43.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames. There is a resistance zone ranging from 48.55 to 50.01. This zone is formed by a combination of multiple trend lines in multiple time frames. AL has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 43.88, a stop order could be placed below this zone. Click here to sign up for email alerts on AL stock and when it’s a good sell.
