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Stock Market & Financial Investment News

News For AL From The Last 14 Days
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April 27, 2015
06:39 EDTALAir Lease leases Boeing 737-800 NG aircraft to Belavia
Today Air Lease announced the delivery one Boeing 737-800 NG aircraft to Belavia on long term lease from ALC. The delivery of the aircraft, which was formerly on lease from ALC to Air Berlin, occurred on April 22.
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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