Air Lease Corporation (NYSE:AL) Q2 2023 Earnings Call Transcript

Gregory Willis: Yeah. We’re very confident in our existing relationships going forward. Obviously, there’s been a lot of political tension between China and the United States. We’re watchful, mindful of that. We don’t know any given day what our administration might do, what the Chinese administration might do. But I think our relationships actually pierce through all of that and we do enjoy stronger relationships as we go forward. And we’ll probably write some more business in China. But again, let me reemphasize that our reduction is part of our overall risk management, our reduction from a high of slightly north of 20% down to 7.8% began years ago. And so it’s nothing drastic, no dramatic, it’s just prudent fleet planning. So we hope and expect to continue to enjoy good relationships with all of our Chinese airlines now and in the future.

Steve Trent: Okay. Let me leave it there and thanks for the time.

Gregory Willis: You bet. Thank you.

Operator: There are no further questions at this time. Mr. Arnold, I’ll turn the call back over to you.

Jason Arnold: Thanks everyone for your time participating in our second quarter call today. We look forward to speaking to you again when we report third quarter results in November. Kayla, thank you and please disconnect the line.

Operator: This concludes today’s conference call. You may now disconnect.