Air Lease Corporation (ALC) is an aircraft leasing company that specializes in providing commercial aircraft to airlines around the world. The company was founded in 2010 by Steven F. Udvar-Házy and John L. Plueger, both of whom have extensive experience in the aviation industry. ALC is headquartered in Los Angeles, California.
As an aircraft lessor, Air Lease Corp purchases new commercial aircraft from manufacturers and leases them to airlines on long-term lease agreements. This business model allows airlines to access modern and fuel-efficient aircraft without the upfront cost of purchasing them outright. ALC's fleet consists of a wide range of aircraft, including narrow-body and wide-body jets, serving various market segments and airlines' specific needs.
In addition to its primary business of aircraft leasing, ALC also provides services such as fleet management and advisory services to its airline customers. The company has a global presence, with offices in various countries and a diverse customer base that includes both established and emerging airlines.
Air Lease Corporation's strategic focus on acquiring modern and fuel-efficient aircraft positions it well to benefit from the ongoing evolution of the aviation industry. The company's business model offers airlines flexibility and financial efficiency while supporting their growth and modernization efforts.