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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Air Lease Corporation | NYSE:AL | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 51.41 | 0 | 09:09:43 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
March 31, 2022
Date of Report
(Date of earliest event reported)
(Exact name of registrant as specified in its charter)
Delaware | 001-35121 | 27-1840403 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) | (I.R.S. Employer Identification No.) | ||
2000 Avenue of the Stars, Suite 1000N Los Angeles, California |
90067 | |||
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (310) 553-0555
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered | ||
Class A Common Stock | AL | New York Stock Exchange | ||
AL PRA | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01. | Entry into a Material Definitive Agreement. |
On March 31, 2022, Air Lease Corporation (the “Company”), pursuant to its existing letter of intent with the Boeing Company (“Boeing”), entered into a supplemental agreement (the “Supplemental Agreement”) to its existing purchase agreement with Boeing to purchase 32 aircraft, including 23 737-8s and nine 737-9s. Deliveries of the aircraft are scheduled to commence in 2025 and continue through 2026. Giving effect to the Company’s conversion of three Boeing 787 aircraft to 18 737 MAX aircraft in February 2022, the purchase commitments under the Supplemental Agreement and the Company’s existing orders, as of December 31, 2021, the Company would have had an estimated aggregate commitment of $29.5 billion in total purchase commitments for new aircraft from Airbus S.A.S. and Boeing.
A copy of the Supplemental Agreement will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ending March 31, 2022.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
AIR LEASE CORPORATION | ||||||
Date: April 6, 2022 | By: | /s/ Gregory B. Willis | ||||
Name: | Gregory B. Willis | |||||
Title: | Executive Vice President and Chief Financial Officer |
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