So as we sit here today, if we had an order book of 750 or 800 aircraft, we could easily place all of them. And once the aircraft delivered, the lease rates are fixed. Mr. Arnold, you may begin. Attendees will have opportunities to engage in a variety of in-depth educational sessions that focus on various subjects of interest to the Head Start and Early Head Start community. We do not put all our eggs in one basket by only serving one particular customer or airline market segment. John Reuwer, MD Have you been approached by any Russian airlines? National Head Start Conference May 8 - 11, 2023 | Phoenix, AZ Join us in the Valley of the Sun! These areas are key to enhancing our programs each day. We also completed our inaugural Sukuk issuance in March, raising $600 million in trust certificates at 5.85% due in 2028, helping to drive funding diversity as well as to open a new capital markets for us. Load factors meanwhile, are very strong across the globe already. Alex Elliott, Ed.D., administers the Tulare County Office of Education Early Childhood Education department that encompasses a staff of 450 people, including the $19.2 million Head Start program. Copyright 2023 Wisconsin Head Start Association, All Rights Reserved. Good afternoon and thank you all for joining us today. mental well-being, program management. Occasionally, they are to the airlines that operate the airlines themselves, the aircraft themselves. We believe these levels could potentially be exceeded this summer which only adds to further pressure on airlines to expand capacity. 2023 Illinois Head Start Association. With that, I'll turn the call back over to Jason for the question-and-answer section of the call. could cause actual results to differ materially from expectations. 13th Annual Fatherhood/Male Coalition Conference Myrtle Beach, South Carolina | Myrtle Beach, SC Advertisement SAVE THE DATE Where is it happening? Airlines need these aircraft and they can't get them anytime soon from the manufacturers. by Michael Olenick, Ph.D., President & CEO with research by Aja Goare During the past quarter, we returned to the debt capital markets with a $500 million -- excuse me, with a 5-year $700 million senior unsecured note issuance at 5.3% that closed in January. January 6, 2023. For more information, please visit: www.bloomburton.com/conference. Need to forward your logo to Mitch? Frequently Asked Questions Who can attend? Registration will open in Decemberbe on the lookout for more information soon in your inbox and check our website for updates! But I think I'm kind of reading between the lines of your question, we feel no gun to our head whatsoever to order additional aircraft today. Welcome to Air Lease Corporation's first quarter 2023 earnings call. All Rights Reserved. The 2023 Annual Conference will be an exciting opportunity for professional development. Okay. The Region 9 Head Start Association - Elevating the Head Start Community Upcoming Training Site Directors Academy May 3-5, 2023 Learn more Who We Are Region 9 Head Start Association provides assistance to Head Start programs in Arizona, California, Nevada, Hawaii, and the Pacific Region to ensure their ongoing viability and vitality. She has been published in The Wall Street Journal, The Washington Post and The New York Times, among other national outlets. Summer Garden Storytime. Our pipeline for sales remains robust and we continue to expect to sell between $1 billion to $2 billion of aircraft in the remainder of this year. Head Start and Early Head Start provide comprehensive child development programs for low-income children from birth to age five, as well as support and services for their families. As would be expected, given the lag in international market recovery, we've seen the largest improvements in traffic volumes in these international markets which rose 90% relative to the prior year. And those improvements will be incorporated both on the new deliveries and also on existing aircraft where engines will go into the shop. The 2023 Conference will be held at the beautiful Riverside Hotel in Boise, Idaho. Russian language skills would be a real plus. Please. 17 people interested. And b, how are you thinking about lease rate factors in scenarios where the economy would tip into a recession? And that is new technology aircraft that are always in demand and we can move them quickly from one challenged airline to another into various different markets as well as the airlines and markets where conditions are more favorable. When combined with the higher probability of delivery delays extending further out versus improving, this is only setting up for further upward momentum in lease rates and aircraft values, particularly those of the most desirable jet aircraft types that make up the ALC fleet. April 29, 2023 10:50 PM EDT. Now, I'd like to turn the call over to Steve Hazy, who will offer more commentary on the performance of the airline industry and success in our business. Registration rates are as follows: *Note - Pre-conference and the regular Conference cost separately. The week before last, I completed a week-long trip in Europe, visiting a diverse group of airlines, including Virgin Atlantic, TUI UK, Lufthansa, Swiss, TAP, Portugal and Norwegian, most of whom are current lessees of ours. Our training conferences are uniquely designed to meet the diverse needs and interests of the Head Start community. This is a great start to the 2023 NFL Draft for the Commanders. In order to improve our community experience, we are temporarily suspending article commenting, http://www.newswire.ca/en/releases/archive/April2023/25/c6052.html. While we completed sales of only two aircrafts this quarter, we expect to see the pace of aircraft sales increase throughout the remainder of the year with the largest volumes during the second half of the year. Please let us know if you or anyone you know would consider being part of the team when there is a call for training andplanningfor deployment to protect the Zaporizhzhya nuclear power plant. Professional Development. 05 Apr 2023; 2023 VAHSA Health Institute. By World BEYOND War, November 13, 2022. TORONTO, April 25, 2023 /CNW/ - Brian Bloom and Jolyon Burton, along with the Bloom Burton & Co. team and conference attendees, joined Karoline Hunter, Head, TSX Company Services and Business Transformation, to celebrate the start of the 2023 Bloom Burton & Co. Healthcare Investor Conference and open the market. has proudly been an early childhood professional for almost forty years.For the last twenty five years, Richard has traveled the world as a consultant, coach and motivational speaker/instructor, facilitating fun, innovative, thought-provoking, interactive, inspiring adult learning experiences for communities of early childhood teachers, administrators, caregivers and parents. Professional Development, Alma Quintana and Cadie Chavez Please spread the word, and ask people to fill out the form. This has totally changed my perspective and encouraged me to propel forward in developing my skills. The Virginia Head Start Association recently hosted our Health Conference in Charlottesville, Virginia, welcoming health specialists, family service Head Start specialists, and other health professionals. The Leadership Challenge training was very relevant to my work as a Head Start leader! I would also like to highlight the fact that Air Lease maintains a conservative approach with respect to risk management. I would also like to note that we incurred approximately $6 million in expenses in the quarter associated with airline bankruptcies which were covered by the end of lease income that I just discussed. Apr 10, 2023. Entering text into the input field will update the search result below, delays, our future operations and performance, revenues, operating expenses, stock-based compensation expense and other income and expense items. I would invite Greg to make any other comments. I guess in the current environment, would you say that your sales margin could actually now be higher than that? A lot of our sales are to other aircraft lessors, smaller lessors. The new rules are aimed to help decarbonize the aviation sector by requiring fuel suppliers to blend SAF with kerosene in increasing amounts from 2025. The annual Bloom . Dr. Whelan is a clinical professor in the School of Human Ecology at the University of Wisconsin Madison, and director of MORE: Money, Relationships and Equality. Maybe if I could just sneak one more in on the sales. Thank you so much for making events like this! We have only a handful of deliveries scheduled for 2024 yet to place and 2025 slots are also being snapped up at a rapid pace as well. Before we begin, please note that certain statements in this conference call, including certain answers to your questions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act. As long as nuclear weapons and power plants exist, it is inevitable that this existential crisis will take place. Thanks, Greg. I mean, generally, we lease aircraft anywhere from 24 months out to as short as maybe 18 months. Efforts like this areabsolutely critical to ridding the world of war. The event is set to be held on May 8-11, 2023 in Phoenix, AZ, United States. Commercial aircraft demand is very high now and only seems likely to accelerate as traffic expansion continues at a strong clip and airline profitability across the board rises. John? I think you noted last quarter; you have a good pipeline of sales but had cautioned that timing was a bit uncertain quarter-to-quarter just given time to close. In union with farmworker families, the National Migrant and Seasonal Head Start Association (NMSHSA) advocates for comprehensive, high-quality Head Start services with diverse stakeholders, paving the path stronger communities and the lifelong success of children and families. Got it. I took part in The disproportionate impact of COVID 19, and how to provide real support for black/brown children and families and I just want to say this was an amazing webinar. And it may come as no surprise that many of the U.S. domestic market load factors, for example, were at 20-year plus high levels last summer and continue to be very robust. That's 5 years from now. Join together with other professionals from Head Start, Early Head Start, parents, Tribal, Migrant, Even-start, child care, Birth-to-Three, home visiting, higher education, ECE students, state partners, CCR&R, health care partners, social services, mentors . 4700 Emperor Blvd, I-40 at Exit 282 (Page Road) Durham, NC 27703. So we do not feel pressure today to order more planes in '29, '30, '31 because having been in this business a long time, I'm certain that there'll be opportunities for us to have selective acquisition opportunities of new aircraft in the next 5 years over and above our order book. We've got engine delivery delays. Region 9 Head Start Association provides assistance to Head Start programs in Arizona, California, Nevada, Hawaii, and the Pacific Region to ensure their ongoing viability and vitality. And we're also cognizant of the fact that this industry has always been cyclical, so 2028 is a fair piece away and we will see how the industry is looking over the next couple of years. No, because the demand remains so strong. Elliott has been with the Tulare COE for six years and assumed the ECE directorship two years ago. The Phoenix Head Start serves more than 4,000 families in sprawling Maricopa County, Arizona. Thanks. Bruins set another team record vs. Capitals that stood for 52 years. Moving on to the financing side of the equation. you can head to c-span.org to live stream the . The fundamental demand backdrop is robust and the limited supply and elevated demand seen for new commercial aircraft is highly weighted in our favor. As it stands right now, we expect approximately $1.3 billion of aircraft deliveries for the second quarter of this year. So what we're focused on now is to complete the placement of our 2024 deliveries in the next 3 to 5 months but we are being more cautious on committing aircraft in 2025 until we see: a, what the interest rate trends are for the next 18 to 24 months. Please select a zip code, city, or state to search for Head Start Centers. This includes, without limitation, statements regarding the state of the airline industry, including the impact of rising interest rates and inflation, the impact of sanctions imposed on Russia and aircraft delivery delays, our future operations and performance, revenues, operating expenses, stock-based compensation expense and other income and expense items. 2023 edition of National Head Start Conference will be held at Columbus starting on 08th May. . The peacekeeping initiative in Ukraine known as the Zaporizhzhya Protection Proposal initiated by World BEYOND War Board Member John Reuwer and described below has been gaining momentum over the last 2 months. Great facilitation; stayed with the program yet allowed time for individual and small group reflections. Preventing a nuclear disaster is of importance not only to Ukrainians and people in the surrounding countries whose land and air would be contaminated, but to many activists around the world. As of today, 93% of our deliveries through 2024 are placed and we placed 57% of our total order book. Assistant Director at Bussey Center for Early Childhood Ed / Southfield public schools, Educator at Safety Awareness Thinking Kap Kalendar, Home Based Coordinator at Sunbeam Family Services, Administration Coordinator at Prime Time Head Start, Program Manager at Hillsborough County BOCC HS/EHS, Office messanger at International medical link, Director of Early Childhood at Roosevelt Elementary School District, Columbus, The HR Network was an excellent opportunity to network and learn the best practices from other HR professionals within Head Start programs. There should be an immediate and permanent cease-fire between Ukraine and Russia. Their own experience teaching and years of investigating how young people learn mathematics have made Justice, Diversity, Equity, Inclusion and Belonging, Impact on Children, Families, and Communities, 2023 Family Engagement and Cultural Effectiveness Conference, 2024 First 1,000 Days! Yes, I would like to receive emails from The Region 9 Head Start Association. And I emphasize risk management. Co-Author: Dorothy M. Sanchez, MSEd First, I'd like to congratulate our ALC team on achieving another quarter of record revenues in Q1 of 2023, benefiting from our continued strong fleet growth, with nearly 400 more aircraft to deliver over the next 5 years, more growth and achievements are on the horizon for Air Lease Corporation. At this time, I would like to welcome everyone to the Air Lease Corporation Fourth [ph] Quarter Earnings Conference Call. Stephen A. reacts to the firing of Raptors head coach Nick Nurse (1:34) . Apr 11, 2023. We thank our recurring donors on our website. With more engines in the shop and more aircraft rounded awaiting engine replacements, this further adds to the need at a number of airlines to have additional aircraft coverage in their fleets, illustrating yet another aspect underpinning the aircraft demand picture that bodes well for ALC. . Becoming a corporate sponsor shows a vested interest in NCHSA and our member programs. On the widebody side, we delivered two A330-900s to Virgin Atlantic, along with an A350-900 to Starlux in Asia. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe link, found at the bottom of every email. We continue to expect that we will trend back to our long-term target as our aircraft sales volumes increased this year and given the continued delivery delays that we expect, as John discussed earlier. Our training conferences are uniquely designed to meet the diverse needs and interests of the Head Start community. 2023 IHSA Conference and Membership Meeting in Boise, Idaho. By RFE/RL's Ukrainian Service March 27, 2023. Each of these aircraft are among the most fuel-efficient, new technology aircraft available with outstanding capacity, performance and range characteristics relative to all prior generations of commercial aircraft. Your next question comes from the line of Jamie Baker with JPMorgan. Steve? This event attracts Canadian, U.S. and international investors who are interested in the latest developments in Canadian healthcare. branding by manonmarketing.com, The work that Region 9 does is inspiring and motivates me, Region9 created a platform through Zoom where we can, The EHS-CCP Partner Conference has been phenomenal. At this time all participants to the call are in listen-only mode. These estimates involve risks and uncertainties that could cause actual results to differ materially from expectations. We remain extremely active placing our order book positions and are pleased by what we are hearing in our dialogue with our airline customers. With production capabilities largely maxed out by the engine OEMs, this leads to fewer engines delivered to meet airframe OEM current and future production rate goals which may impact Airbus more as they maintain higher production rates than Boeing. Got it. . CNW Group. As a corporate sponsor, your company is doing more than establishing or strengthening its connection to our member network, but youre also joining a community of professionals, parents and partners dedicated to making a difference. $365 before 1/31/23 Our debt-to-equity ratio at the end of the first quarter was 2.88x on a GAAP basis which net of cash on the balance sheet is approximately 2.78x. More info here., Yes, I would like to receive emails from Head Start California. 2023 Mississippi Early Childhood Education Conference - Mississippi Head Start Association. Regina, can you please open the line for the Q&A session? We're not offering any commentary on that at this time. But beyond that, we're not commenting. We provide Region 9s Head Start programs with the education, training, tools, and resources they need to improve the lives of vulnerable children and their families. Bringing professional development to our staff is a huge undertaking, said Cadie Chavez, professional development specialist. All rights reserved. And where they do come off, we have plenty of lead time to find the best possible follow-on transition less. Domestic traffic meanwhile, continues to improve in all the major markets followed by IATA and most are either within single-digit percentage range of pre-pandemic levels or in some cases, are exceeding those levels. Just one question from me. Myrtle Beach, South Carolina, United States Event Location & Nearby Stays: Host or Publisher South Carolina State Head Start Association Fatherhood Coalition Tags: Business in Myrtle Beach So we don't really think that a mild to medium recession will have a great impact for the very reason you mentioned that we've only ordered about half of the aircraft we can place. The largest national conference devoted to all things Head Start, NHSA's annual conference brings our community together for a week of sharing, networking, learning, and celebrating. Bloom Burton & Co. is a firm dedicated to accelerating returns in the healthcare sector for both investors and companies. At the end of the first quarter, our balance sheet remains strong and is supported by our significant liquidity position of $6.5 billion and our large unencumbered asset base of $28 billion. I guess following up with Helane's question, I want to ask on the risk management side. And in fact, our average customer exposure is just roughly 1% of our total fleet. Following is UN Secretary-General Antnio Guterres message for the Day of Vesak, observed on 5May: The following statement was issued today by the Spokesman for UN Secretary-General Antnio Guterres: Following is UN Deputy Secretary-General Amina Mohammeds message to the Mo Ibrahim Foundation Leadership Ceremony, in Nairobi today: United Nations Secretary-General Antnio Guterres, accompanied by his wife, Catarina Vaz Pinto, arrived in Washington, D.C., from New York on Wednesday morning, 26 April. Author: Veronica A. Fernandez, PhD But with the sales that we've been seeing lately have been significantly higher. In the first quarter of 2023, Air Lease generated record revenues of $636 million. 4700 Emperor Blvd. Now on the topic of lease rates, we continue to see strength in new placements, lease extensions and placements of used aircraft, reflecting the high demand and constrained supply environment that we're witnessing at present. In addition to what we're seeing with respect to lease rate momentum, both on new narrow-body and wide-body aircraft. I am interested in volunteering to be a part of the civilian peace force. We also maintain a firm stance and requiring airline customers to provide significant security deposits to pay maintenance reserves which further insulate us from downside risk. The conference will provide deep, innovative training and professional development opportunities and an excellent forum for exploring best practices and connecting with your colleagues. Every year the Illinois Head Start Association gathers professionals and parents from across the state of Illinois to attend our Annual Conference. This year's conference will provide high-quality educational sessions for Illinois Head Start/Early Head Start Directors, Managers, staff, and parents! Investment banking and related services are offered through Wipfli Corporate Finance LLC. Encouraging IDEA Collaboration Between State Agencies, Local Agencies, and Head Start Programs. The other No. The Summer Camp training was powerful and inspiring! Thank you. I'm pleased to report that we generated $636 million in total revenue during the first quarter and diluted EPS of $1.06 per share. Now, I'll turn over the call to CFO, Greg Willis, to comment further on our recent financial performance. Your next question comes from the line of Helane Becker with TD Cowen. Air Lease Corporation (NYSE:AL)Q1 2023 Earnings Conference Call. to book under the WHSA Conference 2023 room block. We arein touch with leading experts in the fieldof unarmed protection and nuclear risk,andwill be meetingwith activists in Ukraine torecruit and strategize. This will be a great opportunity to enable the World of the concerned and true allies of Ukraine to rebuild the state back onto its feet. And then just one follow-on. I'd like to turn the call over to our Chief Executive Officer and President, John Plueger now. This was due to an increase in our average debt balances which follows the growth of our fleet as well as an uptick in our composite cost of funds from 3.7% at the end of last year to 3.42% at quarter end. In conclusion, as John and Steve highlighted, we remain very optimistic about our business. This includes a Tribal (Cherokee) and Migrant programs, as well as community action, private non-profit, county government, board of education and single purpose agencies. Ukrainian President Volodymyr Zelenskiy made a surprise visit to frontline positions in the region of Zaporizhzhya, where he also met with UN nuclear . Bloom Burton Securities Inc. is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and is also a member of the Canadian Investor Protection Fund (CIPF). This is not a recommendation for Ukrainians with bombs falling on their heads but for the rest of us. And it's really different aircraft types. Russian shelling in northeastern Ukraine: Russian forces shelled Tokarivka, a village in Ukraine's Kharkiv region, on Thursday. Titled Market and Scale: Unlocking Industrialization through Intra-African Trade, the series will focus on how the African Continental Free-Trade Area could accelerate sustainable development. Evidence consistently demonstrates that Astronaut Joe Hernandez: The International Language of Math Served As Path To The Final Frontier Richard Cohen: Early Childhood Professionals The Heroes of Our Time. I would remind you that it does take time for these impacts to be seen in our financial statements with our current existing owned fleet of 437 aircraft and the new aircraft deliveries we are taking in 2023 largely reflect deals struck in 2021. This concludes today's conference call. Head Start programs primarily serve children aged three to five, while Early Head Start serves pregnant women, infants, and toddlers. Part A is how are you thinking about that going forward, given the fact that the delivery delays cause so many aircraft to get pushed to the right? Most of these airlines advise the same key themes that we largely see globally: first, passenger traffic remains strong and growing with a healthy yield environment despite inflationary pressures with no pullback yet in sight; second, labor shortages, including pilots, aircraft availability and infrastructure constraints continue to frustrate their efforts to grow and serve the passenger demand they see looming for the upcoming busy summer season; third, that shorter on-week engine life -- on-wing engine life of most of the new technology engines continues to frustrate their aircraft operations and deployment with record numbers of power plants requiring shop visits earlier than originally promised by the engine OEMs. She has appeared live on television programs and radio programs across the nation. How would you respond? This is a yes or no question, it is just experimental. And then you talked about the strong demand in the sales environment. As an A321 XLR launch customer, for example, we're seeing the time line for that program get pushed further out to the right by 14 to 16 months. May 2, 2023: Webinar: Beyond Vietnam: A Public Reading, May 2, 2023: Roundtable Discussions: Militarism is grand theft from poor people and people of color, May 15, 2023: MPI 2023 Annual Peacebuilding Training, May 16, 2023: Roundtable Discussions: Militarism is grand theft from poor people and people of color, May 17, 2023: IPRA 2023 Trinidad & Tobago, June 6, 2023: Roundtable Discussions: Conscientious Objection to War, June 10, 2023: Webinar: International Summit for Peace in Ukraine, June 15, 2023: Antimilitarist Roots - WRI 2023 Conference, June 26, 2023: Conference: EDUCATIONAL JUSTICE AND SUSTAINABLE PEACE, July 8, 2023: 24 Hour Peace Wave: No to Militarization Yes to Cooperation, July 11, 2023: Conference: Peace education in an era of crisis: Academic conference on peace education, September 27, 2023: Course: Curriculum Development For SDG 4.7: Human Rights, Global Citizenship & ESD, European Bureau for Conscientious Objection Denounces Ukraine's Suspension of Human Right to Conscientiously Object, Volunteer for training and deployment in Ukraine. Our conferences provide the perfect opportunity to connect with colleagues and gain insight from noted speakers and knowledgeable presenters addressing key issues, quality initiatives, and best practices. This is a tremendous strategic advantage for ALC as we continue to place new aircraft in the current environment. 105 Kenn Myer Drive, Thomasville, NC 27360. Company Participants. Please refer to our filings with the Securities and Exchange Commission for a more detailed description of risk factors that may affect our results. . As we've commented in recent quarters, airline customer demand is strong and seems only to continue to accelerate as traffic volumes rise. Creating out of crisis: How R9HSA built wrap-around literacy readiness to engage children and parents with May 03, 2023 | 01:00 - 01:30 pm . While volumes have been obviously positive driver, airfares generally have also picked up pace over the last 6, 7 months and are now outpacing inflation. Our corporate sponsorship program is a powerful tool to expand and strengthen customer service networks to support quality, advocacy, and professional development. And that model will be something that can be spread from nation to nation, with a great deal of determined work by those who find the vision, the courage, and the relentlessness worthy of the cause.
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