Air Lease (AL)

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AL Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of Air Lease Corporation to Institutional Investors
Globenewswire· 2025-09-08 14:00
Core Viewpoint - Wohl & Fruchter LLP is investigating the fairness of the sale of Air Lease Corporation for $65.00 per share, which is significantly below the target price of $72.00 set by J.P. Morgan analyst Jamie Baker [1][2][3]. Group 1: Sale Details - Air Lease Corporation has agreed to be sold for $65.00 per share in cash to a new holding company based in Dublin, Ireland, backed by Sumitomo Corporation, SMBC Aviation Capital Limited, and investment vehicles affiliated with Apollo and Brookfield [1][3]. - The sale price represents a discount of over 10% compared to the company's balance sheet book value, raising concerns among investors regarding the valuation [4]. Group 2: Investor Sentiment - At least two investors have expressed disappointment regarding the sale price on SeekingAlpha, indicating that they believe the company is worth more than the agreed sale price [2][4]. - One investor specifically criticized the management for agreeing to a sale price that is below the perceived value of the company [4]. Group 3: Investigation Purpose - The investigation aims to determine whether the Air Lease Board of Directors acted in the best interests of shareholders in approving the sale and whether all material information regarding the transaction has been fully disclosed [4].
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates AL and PHLT on Behalf of Shareholders
Prnewswire· 2025-09-06 01:16
Group 1 - Halper Sadeh LLC is investigating Air Lease Corporation for potential violations related to its sale to Sumitomo Corporation, SMBC Aviation Capital, Apollo, and Brookfield at a price of $65.00 per share in cash [1] - Performant Healthcare, Inc. is also under investigation for its sale to Machinify for $7.75 in cash [2] - The firm may seek increased consideration for shareholders and additional disclosures regarding the proposed transactions [3] Group 2 - Shareholders are encouraged to contact Halper Sadeh LLC to discuss their legal rights and options without any out-of-pocket payment for legal fees or expenses [4] - Halper Sadeh LLC represents investors globally who have experienced securities fraud and corporate misconduct, recovering millions for defrauded investors [4]
AIR LEASE CORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Air Lease Corporation - AL
Businesswire· 2025-09-05 16:21
Core Viewpoint - Kahn Swick & Foti, LLC is investigating the proposed sale of Air Lease Corporation to a consortium including Sumitomo Corporation, SMBC Aviation Capital, Apollo, and Brookfield, focusing on whether the offered price of $65.00 per share adequately reflects the company's value [1]. Group 1 - The proposed transaction involves Air Lease Corporation shareholders receiving $65.00 in cash for each share they own [1]. - Kahn Swick & Foti, LLC aims to assess the adequacy of the sale price and the process leading to this valuation [1][2]. - The investigation is prompted by concerns that the transaction may undervalue Air Lease Corporation [1].
Air Lease Set to be Purchased for $65.00 Per Share in Cash
ZACKS· 2025-09-03 18:46
Core Viewpoint - Air Lease Corporation (AL) has signed a definitive agreement to be acquired by a new holding company based in Dublin, Ireland, with shares held by Sumitomo Corporation, SMBC Aviation Capital Limited, and investment vehicles affiliated with Apollo and Brookfield [1] Acquisition Deal Details - Air Lease shareholders will receive $65 per share of Class A common stock, valuing the deal at nearly $7.4 billion, or $28.2 billion including debt obligations to be assumed or refinanced net of cash [4] - The cash consideration represents a 7% premium over AL's all-time high closing stock price on August 28, 2025, a 14% premium over the volume weighted average share price during the 30-trading-day period ended August 29, 2025, and a 31% premium over the volume weighted average share price during the last 12-month trading period ended August 29, 2025 [5] Transaction Timeline and Conditions - The deal is expected to be completed in the first half of 2026, subject to customary closing conditions including approval by Air Lease's Class A common shareholders and certain regulatory approvals [2][9] - The board of directors of Air Lease has ratified the agreement, and certain executive officers have agreed to vote in favor of the transaction [2] Company Leadership Statements - Steven Udvar-Hazy, chairman of Air Lease's board, emphasized that the transaction represents the best path forward for the company, providing immediate premium and certainty in cash value to shareholders [3] - John L. Plueger, CEO and president of Air Lease, expressed confidence that the transaction will benefit all common stockholders and highlighted the strength of Air Lease's business and partnerships in the aviation industry [6] Stock Performance - Following the announcement of the acquisition, shares of Air Lease closed at $64.28 on September 2, 2025, reflecting a 6.76% increase from the previous day's closing [7]
Air Lease (AL) Up 17.1% Since Last Earnings Report: Can It Continue?
ZACKS· 2025-09-03 16:31
A month has gone by since the last earnings report for Air Lease (AL) . Shares have added about 17.1% in that time frame, outperforming the S&P 500.But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Air Lease due for a pullback? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent catalysts for Air Lease Corporation before we dive into how investors and analysts have reacted as ...
住友集团牵头的财团将以74亿美元收购Air Lease
Xin Lang Cai Jing· 2025-09-03 13:30
Group 1 - Air Lease is being acquired by a consortium of investment firms including Sumitomo Group, Apollo Global Management, and Brookfield Asset Management for $7.4 billion [1] - The acquisition price per share is set at $65, with a total equity value of approximately $7.4 billion, and an enterprise value of about $28.2 billion including debt [1] - Post-acquisition, Air Lease will be renamed Sumisho Air Lease and will merge with SMBC Aviation Capital, aiming to scale up to compete closely with industry leader AerCap [1]
行业整合加速!航空租赁巨头Air Lease(AL.US)被74亿美元收购,将退市私有化
Zhi Tong Cai Jing· 2025-09-03 02:52
Core Viewpoint - Air Lease has agreed to be acquired by an investor consortium for $7.4 billion, marking a significant move towards the privatization of the company and indicating a trend of consolidation in the aircraft leasing industry [1][2]. Group 1: Acquisition Details - The acquisition is led by Japan's Mitsui & Co. and SMBC Aviation Capital, with participation from Apollo and Brookfield Asset Management [1]. - Shareholders of Air Lease will receive $65 per share, representing an almost 8% premium over the closing price last Friday [1]. - Including debt, the company's valuation is approximately $28.2 billion [1]. Group 2: Industry Context - The aircraft leasing business has seen a rise in rental prices due to aircraft shortages caused by the COVID-19 pandemic and supply chain issues, with rental rates reaching record levels [1]. - According to IBA Group, the aircraft leasing sector now owns over 58% of the global passenger fleet, up from 51% in 2009 [1]. - The consolidation trend is expected to help companies scale up amid challenges faced by airlines, such as overcapacity and declining profits [2]. Group 3: Company Background - Air Lease, founded by Steven Udvar-Házy in 2010, has a fleet of 495 aircraft as of the end of the second quarter [2]. - The company is recognized as the fifth-largest aircraft leasing company globally, including reserve orders [2]. - The new company headquarters will be located in Dublin following the completion of the transaction, expected in the first half of 2026 [2]. Group 4: Historical Transactions - The acquisition of Air Lease is part of a series of recent transactions in the aircraft leasing sector, including GE's sale of its aircraft leasing division to AerCap in 2021 [4]. - Two years ago, Standard Chartered agreed to sell its aircraft leasing business to AviLease, owned by a Saudi sovereign wealth fund [5].
Airplane leasing world shrinks with $7.4 billion takeover of Air Lease
CNBC· 2025-09-02 19:20
Group 1 - Air Lease, an aircraft leasing firm, is being acquired for $7.4 billion, indicating a trend of consolidation in the airplane-renting industry [1][2] - The acquisition is led by Japan's Sumitomo and SMBC Aviation Capital, along with asset managers Apollo and Brookfield, offering shareholders $65 per share, which is an 8% premium over the previous closing price [2] - The total valuation of Air Lease, including debt, is approximately $28.2 billion [2] Group 2 - The aircraft leasing sector has seen a significant increase in rental rates due to a shortage of aircraft caused by the Covid pandemic and supply chain issues, with rates reaching record highs for both new and older models [3] - The ownership share of the aircraft leasing business has grown from 51% in 2009 to 58% currently, although growth has slowed as some airlines have become profitable and are now purchasing their own planes [4] - Airlines are reassessing their capacity plans due to an oversupply of flights affecting fares and profits, exemplified by Spirit Airlines filing for Chapter 11 bankruptcy protection for the second time in less than a year [5] Group 3 - The take-private deal is expected to enhance the scale of the involved companies, with Air Lease operating a fleet of 495 planes as of the second quarter [6] - Air Lease ranks as the fifth-largest aircraft lessor, and the deal is anticipated to close in the first half of 2026, with the new company to be based in Dublin [6] - The acquisition is viewed as a cost-effective strategy for market growth in the aircraft leasing industry [6]
3 Dividend-Paying Transport Equipment & Leasing Stocks to Watch
ZACKS· 2025-08-29 19:36
Industry Overview - The Zacks Transportation - Equipment and Leasing industry is facing a challenging macroeconomic environment characterized by persistent inflation, tariff-related tensions, and supply-chain disruptions, along with geopolitical issues [1] - The industry has underperformed compared to the Zacks S&P 500 Composite and the broader Zacks Transportation sector, gaining only 1.8% over the past three months, while the S&P 500 increased by 10.1% and the broader sector rose by 3.3% [2] Company Highlights - Companies like The Greenbrier Companies, Ryder Corporation, and Air Lease Corporation are noted for their solid investor-friendly initiatives, including consistent dividend payouts and share buybacks, indicating strong financial health [3][7] - Dividend growth stocks are typically mature companies that provide downside protection against market volatility, supported by strong fundamentals such as sustainable business models, profitability, rising cash flows, good liquidity, and strong balance sheets [4] Stock Selection Criteria - A dividend payout ratio of less than 60% is considered sustainable, indicating a healthy balance between earnings and dividends [8] - A dividend yield greater than 1% is preferred, with selected stocks showing dividend growth over the past five years and carrying a Zacks Rank of 3 (Hold) or better [9] Company Specifics Greenbrier Companies (GBX) - Headquartered in Lake Oswego, OR, Greenbrier has a market capitalization of $1.50 billion and pays a quarterly dividend of $0.32, yielding 2.72% [10] - The company's payout ratio is 18%, with a five-year dividend growth rate of 3.47% [10] - In 2022, Greenbrier paid $35.8 million in dividends and repurchased no shares; in 2023, it paid $36.1 million in dividends and repurchased $56.9 million; in 2024, dividends were $38.4 million with $1.3 million in share repurchases [12] Ryder Corporation (R) - Based in Coral Gables, FL, Ryder has a market capitalization of $7.64 billion and pays a quarterly dividend of $0.91, yielding 1.94% [13] - The payout ratio is 26%, with a five-year dividend growth rate of 9.47% [13] - Ryder returned $123 million in dividends and $557 million in share repurchases in 2022; in 2023, it paid $128 million in dividends and repurchased $337 million; in 2024, it returned $456 million to shareholders [14] Air Lease Corporation (AL) - Headquartered in Los Angeles, CA, Air Lease has a market capitalization of $6.76 billion and pays a quarterly dividend of $0.22, yielding 1.45% [15][16] - The payout ratio is 17%, with a five-year dividend growth rate of 8.34% [16]
Air Lease Delivers Two New A321neo Aircraft to China Airlines
ZACKS· 2025-08-21 17:01
Group 1 - Air Lease Corporation (AL) delivered two additional Airbus A321-200neo aircraft to China Airlines, marking the seventh and eighth A321neos leased to the carrier [1][8] - The delivery strengthens the long-term partnership between Air Lease and China Airlines, reflecting AL's commitment to supporting airline fleet expansion with modern, fuel-efficient aircraft [1][8] - China Airlines is expanding its fleet to meet increasing travel demand while enhancing route efficiency, with the A321neo improving fuel efficiency, passenger comfort, and operational flexibility [2][4] Group 2 - The transaction highlights a broader industry shift as airlines increasingly turn to leasing companies for access to next-generation aircraft without large upfront costs [3][8] - Air Lease plays a vital role in the evolving market, enabling airlines like China Airlines to scale efficiently and remain competitive in the dynamic aviation environment [3][8] - China Airlines, as Taiwan's largest carrier, operates a fleet of 115 aircraft and is committed to sustainability, safety, and innovation [4]