By Jon Hemmerdinger2021-05-11T15:08:00+01:00
Boeing’s aircraft orders outnumbered cancellations again in April, marking the third consecutive month of order expansion for the Chicago airframer.
During April, Boeing logged orders for 25 jets and took cancellations for 17 aircraft, leaving the company with eight net new orders for the month, Boeing reports on 11 May.
Source: Boeing
A rendering of a Boeing 777 freighter in Silk Way West colours
The 25 new orders include five 777 Freighters for Azerbaijan cargo carrier Silk Way West Airlines, 14 737 Max for lessor Dubai Aerospace Enterprise, three Max for lessor Air Lease and three more Max for an unidentified customer.
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Air Lease Q1 2021 Earnings Conference Call. [Operator Instructions] Please be advised, today s call is being recorded. [Operator Instructions] I d now hand like to hand the conference over to your speaker today, Mary Liz DePalma, Head of Investor Relations. Thank you. Please go ahead.
Mary Liz DePalma
Vice President of Investor Relations
Hello, everyone, and welcome to Air Lease Corporation s earnings call for the first quarter of 2021. This is Mary Liz DePalma, and I m joined this afternoon by Steve Hzy, our Executive Chairman; John Plueger, our CEO and President; and Greg Willis, EVP and Chief Financial Officer. Earlier today, we published our results for the first quarter of 2021. A copy of our earnings release is available on the Investors section of our website at www.airleasecorp.com. This conference call is being webcast and recorded today, Thursday, May 6, 2021, and the webcast will be avail
Earnings Scheduled For May 6, 2021 benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Price action over last quarter: Up 4.32%
Company Description
Air Lease Corp is an aircraft leasing company based in the United States. However, it derives most of its revenue from the Asia region. Its business involves purchasing aircraft from renowned manufacturers such as The Boeing Company (Boeing) and Airbus S.A.S and leasing them to airline companies across the world. Its suite of aircraft entails single-aisle narrow-bodied jets and twin-aisle wide-bodied aircraft. The company s primary source of revenue originates from the leasing of aircraft and to a certain extent from the provision of fleet management services to investors and owners of aircraft portfolios.
2021-04-30T15:13:00+01:00
In an exclusive video interview with FlightGlobal, Air Lease executive chairman Steven Udvar-Hazy gives his insight on how the pandemic and environmental pressures are changing the airline industry, when the market might return to some kind of normality and the challenges and opportunities that lie ahead for Airbus and Boeing in future aircraft development.
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