Air Lease Corporation (NYSE:AL) Q1 2024 Earnings Call Transcript

John Plueger: There’s been strong demand. I mean, there’s been a number of orders. Cathay Pacific, Air France, KLM will replace 747 and a couple of cases even 777 freighters. Starlux in Taiwan, which is already an A350 operator, also ordered it. I know there’s a number of transactions that have not yet been announced by Airbus. I’m in fact meeting with a major cargo airline this week to discuss a possible placement of A350 freighter. The issue that haunts us right now on that is that Airbus made a decision last year to make the cargo door on the A350 larger than what was originally designed. And it’s a larger door, both in terms of width and height, than the 777X freighter. And we believe, based on the information we’ve gotten from Airbus, that the program will be delayed because of the certification of this new configuration on the cargo door and its effect on the fuselage and the flooring and the structure of the airframe.

Ronald Epstein: Got it. Got it. Interesting. Well, thanks, guys. Appreciate it.

John Plueger: Thanks, Ron.

Operator: And with no further questions at this time, I will now turn the call back to Mr. Arnold for closing remarks.

Jason Arnold: Thank you, everyone, for participating in our first quarter call. We look forward to speaking with you again next quarter. Operator, thanks for your assistance and please disconnect the line.

Operator: Thank you. And ladies and gentlemen, this concludes today’s call and we thank you for your participation. You may now disconnect.