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Stock Market & Financial Investment News

News Breaks
January 21, 2013
11:26 EDTALAir Lease announces lease placement of two new ATR 72-600s to LIAT
Air Lease announced that LIAT (Leeward Islands Air Transport) and ALC signed long term lease agreements for two (2) new ATR 72-600 aircraft, delivering in June and August 2013. Antigua-based LIAT is owned by 11 different governments in the Eastern Caribbean, and is the major scheduled airline operator in that region.
News For AL From The Last 14 Days
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April 23, 2015
17:17 EDTALAir Lease settles AIG litigation, will pay $72M in total
In a regulatory filing, Air Lease (AL) reports that on April 22, 2015, it and certain executive officers and employees of the company entered into a settlement agreement and release with American International Group (AIG), International Lease Finance Corporation, and ILFC’s parent, AerCap Holdings (AER), to settle all ongoing litigation. Pursuant to the terms of the agreement, all claims and counterclaims asserted in the litigation will be dismissed with prejudice, each of the parties to the litigation will receive full releases of all claims and counterclaims asserted in the litigation, and Air Lease will pay AIG the sum of $36M no later than June 30, and an additional sum of $36M no later than September 30, which will be reflected in Air Lease's March 31 financial statements. No party admits any wrongdoing or liability with respect to any matter alleged in the litigation.

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