ALC posts triple digit 2Q increase

In the three months to June 30, 2012 Air Lease Corp. (ALC) posted a 301% increase in net income to $28 million. Revenues rose by 113% to $158 million. For the first six months of the year, net income rose by 440% to $55 million, with revenue up by 124% to $290 million. During this period the lessor increased its pipeline with an order of 100 737-8/9 MAX aircraft and announced two of our largest narrowbody lease placements to date with premier carriers, including 18 new aircraft with China Southern, in its single largest lease transaction, and the placement of