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. Member, World BEYOND War board of directors. Yes, I would like to receive emails from The Region 9 Head Start Association. 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. I just want to add to that, that the highest increases in lease rate factors are on the aircraft types that we have in our backlog, such as the A321neo, the A321neo LR, the 737 MAX, 787s and A350. Every year the Illinois Head Start Association gathers professionals and parents from across the state of Illinois to attend our Annual Conference. Additional Information. Apr 11, 2023. 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. The questions remain when and where and to what level of global impact. 2023 Mississippi Early Childhood Education Conference - Mississippi Head Start Association. 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. Mr. Arnold, I turn the call back over to you. I'll take that. It's a combination of all of those. As it stands right now, we expect approximately $1.3 billion of aircraft deliveries for the second quarter of this year. This year's conference will provide high-quality educational sessions for Illinois Head Start/Early Head Start Directors, Managers, staff, and parents! And air traffic is up 38% in China relative to the same month last year. Join us at the Leadership Summit to expand your understanding and application of management principles, quality initiatives and best practices. Regina, thank you very much and please disconnect the line. So as you kind of alluded to in the prepared remarks, it's going to take some time for today's strong lease rates to make more marked impact on your financials as those aircraft deliver over the coming years, your current fleet gets remarketed, can you just give us a sense of how much upside there is to the deals you're striking today versus your current portfolio yields? 1305 Kalahari Dr. And widebodies are also increasingly in short supply, offering upward impetus to lease rates. First quarter revenue was another record for ALC, primarily driven by the strong growth of our fleet this quarter. 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. Jason Arnold - Head of Investor Relations CLICK BELOW: Spring Conference Marketing Brochure. Thanks you so much John Reuwer for your proposal to the protection of the Zaporizhzhia Nuclear Plants. So we can't just sit on these airplanes until the last minute but we do have the ability to hold back on placing some of the longer lead time aircraft to capture the best possible lease economics. This event attracts Canadian, U.S. and international investors who are interested in the latest developments in Canadian healthcare. Evidence consistently demonstrates that Astronaut Joe Hernandez: The International Language of Math Served As Path To The Final Frontier The Leadership Challenge training was very relevant to my work as a Head Start leader! The North Carolina Head Start Association. 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. Join us for our Annual Training Conference that houses the IHSA Component Meetings & Elections, IHSA Business Meeting, Directors Forum, Awards Luncheon, Trade Show and Exhibit Hall and Powerful Inspiring Keynote Presentations. In recent weeks, we have received additional notices of delay from both Airbus and Boeing for 2023 and 2024 deliveries. And so would you even be allowed to allowed to get the money from the EU -- to get the approval from the EU and the U.S. to get the money? But beyond that, we're not commenting. Up until now, the UN International Atomic Energy Agencys inspectors have led the way by assuming, unarmed, the risks of protectingcivilians from a disaster at the plant. Please refer to our filings with the Securities and Exchange Commission for a more detailed description of risk factors that may affect our results. 2023 Winter Leadership Institute The 2023 Annual Conference will take place in May 8-11 in Phoenix, AZ. Send your specific inquiries tomwood@ilheadstart.org, 2023 Annual Conference Tee-Shirts.. "There's no place like Head Start!" We expect to be compensated for our late deliveries and we're working through our airframe OEMs just to get that and to continue to get that. And as you know, we are the official large customer for both the extended range LR and the upcoming XLR variant of the particular type. And in many cases, we have multiple airline customers buying for the same delivery slot or the same used aircraft which only further supports momentum for lease rates over time. Wipfli LLP is a member of Allinial Global, an association of legally independent firms. A copy of our earnings release is available on the investor site -- section of our website at www.airleasecorp.com. That's 5 years from now. This quarter, we recognized $35 million in end of lease revenue related to the transition of 11 aircraft. 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. Steve? 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. Bruins set another team record vs. Capitals that stood for 52 years. All rights reserved. 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. So the engine manufacturers are sort of caught between having to deliver more engines to Boeing and Airbus and yet they have their airline customers screaming at them to give them more spare support. I'd like to add a few additional comments about our outlook for commercial aircraft demand. In addition, we may discuss certain financial measures such as adjusted net income before income taxes, adjusted diluted earnings per share before income taxes and adjusted pretax return on equity which are non-GAAP measures. Turning to aircraft sales. 05 Apr 2023; 2023 VAHSA Health Institute. . The North Carolina Head Start Association (NCHSA) invites you to submit an application for sponsorship for our annual conference. With a $41.8 million budget and a staff of more than 500, the City of Phoenix Head Start Birth to Five Program has a massive need for professional staff development. Your next question comes from the line of Hillary Cacanando with Deutsche Bank. Richard Cohen, M.A. This plant has six nuclear reactors and 37 years of nuclear waste sitting in unprotected cooling pools that couldcontaminate tens of thousands of square kilometers if exploded by combat weapons. This could save many lives. 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. This is not a recommendation for Ukrainians with bombs falling on their heads but for the rest of us. The Mississippi Head Start Association's (MHSA) mission is to provide Mississippi children and families with a range of individualized services in the areas of education and early child development, medical, dental and mental health, nutrition and parent engagement. $380 General Registration before 2/27/23. So it's kind of a combination of self-inflicted wounds at Airbus and Boeing of ramping up too quickly after they cut back so much during the pandemic. Let me just add one other comment, Helane. By World BEYOND War, November 13, 2022. To address these problems, engine OEMs on single-aisle aircraft are diverting greater quantities of new production engines to support existing aircraft in the field. The other operating lessors, financial institutions, airlines looking to buy off lease? In addition, domestic China traffic has improved meaningfully following the on again, off again travel restrictions in place in that country in 2021 and 2022. This is comprised of approximately $618 million of rental revenues and $18 million of aircraft sales, trading and other activities. Given an opportunity to train and participate in this way could inspire many to come. Yes. Barbara Cooper, head of the Alabama Department of Early Childhood Education, was forced to resign after state officials found the department was distributing teacher training materials that . As we've commented in recent quarters, airline customer demand is strong and seems only to continue to accelerate as traffic volumes rise. But remember, we're delivering airplanes every single day or virtually -- basically every single day that are helping driving our lease yield upwards. I would like to note that at either end of the range, that still does offer us meaningful fleet growth on our existing fleet of $26 billion of commercial aircraft, just not at the contracted deliveries as scheduled or as we ordered. Stamford, CT (June 14, 2022) WellAir, the provider of indoor air and surface disinfection solutions has announced they have partnered with the Region 9 Head Start Association (R9HSA) in an effort to improve Head Start facilities with solutions for healthier and safer National Center on Early Childhood Development, Teaching and Learning. Any questions about the vendor tables or trade show space? 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.Efforts like this are absolutely critical to ridding the world of war.If nonviolent unarmed actions become better organized and reported, it will . This is Jason Arnold. USA, By continuing past this page, you agree to our, To mark your interest in National Head Start Conference, Wellness, Health & Fitness Conferences in USA, Migraine in Motion: Treatment Advances in Management and Prevention, The Healthcare Innovation Congress thINc360, Industry Studies Association Annual Conference, Ohio State Chiropractic Association Conference. Got it. 4700 Emperor Blvd, I-40 at Exit 282 (Page Road) Durham, NC 27703. Emotional Literacy in Preschool. Well, there's really not been that much of a change there. CLICK BELOW: Purchase Order Template GHSA 2023 Spring Conference Attendee Registration_POs As Haiti Slides into Violence, Its People 'Cannot Wait Any Longer' for Assistance, Foreign Minister Tells Security Council. She has been published in The Wall Street Journal, The Washington Post and The New York Times, among other national outlets. So we would expect a certain component of our fleet to become candidates for sale in any given year. No, because the demand remains so strong. Have you been approached by any Russian airlines? by Michael Olenick, Ph.D., President & CEO with research by Aja Goare . An international civilian presence is the next best thing. We are also excited about the ramp of our sales program which we expect to benefit our margins and our ROE meaningfully in the future. In conclusion, as John and Steve highlighted, we remain very optimistic about our business. And I emphasize risk management. You will be amazed by the level of talent and experience of the participants. . We've got engine delivery delays. And how does that dynamic play out? Full Conference Registration Fee Includes: There are many options to attend and pay for the conference. Well, right now, about 90% plus of our leases that have their normal contractual lease expirations are being extended by airlines. The room block deadline is January 27, 2023. (You can unsubscribe anytime), 2023 HSC Head Start California \ Privacy Policy, Early Childhood Learning & Knowledge Center (ECLKC), Head Start Program Performance Standards (HSPPS), California Head Start State Collaboration Office, The Power of 2 (Our $2 Per Child Campaign), Compensation and Benefit Study (Free Download), California Community Schools Partnership Program, NHSA Parent & Family Engagement Conference. Depreciation continues to track the growth of our fleet, while SG&A rose as business activities have increased over the course of the past year, along with an uptick in certain other operating expenses, including the increase in insurance premiums, as we've highlighted in the past as well as aircraft transition-related costs. Earlier today, we published our first quarter 2023 results. Investment banking and related services are offered through Wipfli Corporate Finance LLC. [Operator Instructions]. Thank you, everyone, for your time participating in our first quarter call today. This event is the premier professional development gathering for the HS/EHS community, with more than 500 conference attendees are expected each year. And generally, they're anywhere from 8 to 14 years in length. Even at the low end of our 2023 delivery expectations, these aircraft-s will help drive our strong revenue growth for years to come. As early stated, Im willing available to volunteer for training and deployment in Ukraine. May 9-11, 2022 Hyatt Regency Sacramento, May 15-17, 2023 Hyatt Regency Sacramento, May 13-15, 2024 Hyatt Regency Sacramento, October 24-26, 2022 Hyatt Regency Newport Beach, Yes, I would like to receive emails from Head Start California. The Security Council today unanimously adopted a resolution condemning the decision of the Taliban to ban Afghan women from working for the United Nations in Afghanistan, saying that it undermines human rights and humanitarian principles. 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! Okay. We hope to receive our first new 787 this year in the coming weeks. 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. 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. 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. 105 Kenn Myer Drive, Thomasville, NC 27360. Yes, I think historically, it's been between 8% and 10%. The IHSA Annual Conference will take place in the Embassy Suites by Hilton East Peoria Riverfront Hotel & Conference Center at East Peoria, Illinois. 13th Annual Fatherhood/Male Coalition Conference Myrtle Beach, South Carolina | Myrtle Beach, SC Advertisement SAVE THE DATE Where is it happening? I mean, generally, we lease aircraft anywhere from 24 months out to as short as maybe 18 months. Our training conferences are uniquely designed to meet the diverse needs and interests of the Head Start community. ELEVATING THE HEAD START COMMUNITY Air Lease Corporation assumes no obligation to update any forward-looking statements or information in light of new information or future events. Youth-led and youth-focused initiatives and organizations must be fully supported by Governments, the private sector, and other key partners, with financing, mentorship, skills training, capacity-building, and safe spaces to ensure achievement United Nations Peacekeeping today launched a special photo exhibition at Headquarters in New York to honour the service and sacrifice of uniformed and civilian peacekeepers as it marks its seventy-fifth anniversary. Boston Celtics before the start of the 2022-23 . We're not offering any commentary on that at this time. (You can unsubscribe anytime), 2021 Region 9 Head Start Association. 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. Deadline to book your room to take advantage of the special conference pricing is Friday, March 10, 2023. Call Start: 16:30 January 1, 0000 5:12 PM ET. For the new aircraft but how about the rollover aircraft that are not being extended? Advocacy Day Brings More than 100 Head Start Parents & Staff to the State Capitol, Seven Head Start leaders selected to serve on UPK Workgroup, Tell Congress to Hold the Line for Head Start in the federal budget, Head Start California was scheduled to launch registration for our Policy & Leadership Conference (May 18-20) on Monday, March 16., With more than 500 wildfires raging across our state and widespread evacuation orders affecting thousands, (including many Head Start staff, Join us for a Rally on the West Steps of the State Capitol on Tuesday, May 10! 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. 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. May 03, 2023 | 01:00 - 01:30 pm . With a doctorate in organizational leadership, its obvious when she says, I am very passionate about leadership. The event is set to be held on May 8-11, 2023 in Phoenix, AZ, United States. 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. This is a great opportunity I will like to volunteer . That would be really helpful. So that's what's happening. 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, Kalahari Resort & Convention Center I think overall, these sorts of specific details about how much is affecting, et cetera, are not items that we disclosed. . inclusion, parenting, mentoring, data, community partnerships, Well, the dilemma we have is that both Boeing and Airbus are increasing production rates on both their single and wide-body aircraft. Just a different perspective. These professional developmentopportunities allow Directors, Staff, Parents and Head Start Friends to get the most current approaches to materials in their respective areas. From February 21 - 23th, Conference attendees will hear from respected experts, participate in peer-to-peer workshops, visit with supportive businesses, and share their knowledge and ideas with each other.
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