Air Lease Corp (AL) 2017年年度报告「NYSE」.pdf

1、2017 Annual Report2000 Avenue of the StarsSuite 1000NLos Angeles,CA Air Lease Corporation2017 Annual ReportTO OUR FELLOW SHAREHOLDERSWhen ALC started in early 2010,we dreamed of a clean slate company that we could build the way wewanted:a business model based on buying the most modern,fuel efficient

2、,in-demand new aircraftunder large scale purchase agreements that yielded a cost advantage;keeping the fleet young;harvesting our global customer relationships;building a strong investment grade balance sheet;borrowing unsecured in the public markets;keeping leverage,interest cost,and operating expe

3、nseslow;and managing all aspects of risk that we learned from decades of experience.You believed in us,as did our Board,customers,suppliers,debt providers,and employees.As we enterour ninth year in business,looking back with great support from all,we have established what we setout to do.In fact,ALC

4、s consistent growth and results have well surpassed our original plans.Indeed,2017 was a banner year for ALC with many firsts and milestones.We reached$15 billion inassets,$1.5 billion in revenues,and achieved a 17.5%adjusted pre-tax return on equity.Our stockprice increased by 40%achieving new all-

5、time highs.We took delivery of our first new AirbusA321neo,A350-900,and Boeing 737 MAX aircraft.Finally,we received great benefit from the TaxCuts and Jobs Act which will allow us to grow more and reduce our tax rate going forward,therebyfurther enhancing our global competitiveness.We remain proud t

6、o be an American company with avery bright future.Our path since inception was not without a few pockets of turbulence,all of which we havesuccessfully navigated to date.As with all companies,we certainly face challenges in the future:globaleconomic and political issues,increased competition,higher