May 8 (Reuters) - Air Lease Corp AL.N :
* CEO SAYS EXPECTS $200 BILLION IN WORLDWIDE GOVERNMENT SUPPORT FOR AIRLINES DUE TO CORONAVIRUS CRISIS
* CEO SAYS BELIEVES THERE WILL BE FURTHER AIRLINE INSOLVENCIES AND CONSOLIDATION
* CEO SAYS FIRM HAS NO AIRCRAFT WITH NORWEGIAN OR VIRGIN AUSTRALIA
* CEO SAYS NOT LOOKING TO ADD NEW AIRCRAFT VIA SALE-LEASEBACK, REMAINS FOCUSED ON DIRECT MANUFACTURER ORDER BOOK
* CEO SAYS MANY AIRLINES REVISITING PRE-COVID FLEET DECISIONS, EXPECTED TO BOOST DEMAND FOR ENVIRONMENTALLY FRIENDLY MODELS
* CEO SAYS AIRCRAFT RETIREMENTS LIKELY TO SUPPORT DEMAND FOR NEW AIRCRAFT
* CEO SAYS SHAKE-OUT OF LEASING INDUSTRY IS INEVITABLE
* CEO SAYS GROWTH OF THE BUSINESS WILL BE SLOWER, BUT REMAIN VIGILANT FOR OPPORTUNISTIC MOVES
* CHAIRMAN SAYS WE REMAIN IN DISCUSSION WITH AIRLINES FOR NEW LEASE PLACEMENTS OR EXTENSIONS
* CHAIRMAN SAYS HAS NOT SEEN ANY ALARMING APPETITE FOR LEASE CANCELLATIONS FROM AIRLINES
* CHAIRMAN SAYS WORKING CLOSELY WITH BOEING BA.N TO ADDRESS 737 MAX DELAYS AND LOOK AT DEFERRAL OR CANCELLATION ON CASE-BY-CASE BASIS
* CHAIRMAN SAYS STILL BELIEVES IN 737 MAX
* CHAIRMAN SAYS CHINA EASTERN AND CHINA SOUTHERN HAVE BOTH TOLD ALC THAT THEY EXPECT TO RESUME 75-85% OF DOMESTIC FLIGHTS BY END-JUNE
* CFO SAYS AIRBUS AND BOEING STILL FACE SIGNIFICANT CHALLENGES IN MEETING DELIVERY COMMITMENTS
* CEO SAYS SURPRISED OTHER LESSORS AGREED TO DEBT-EQUITY SWAP AT NORWEGIAN AIR, NOT A SOLUTION THAT ALC WOULD BE OPEN TO
* CEO SAYS WOULD NOT BE SURPRISED TO SEE FURTHER SOFTENING IN SINGLE-AISLE PRODUCTION RATES, ESPECIALLY AT AIRBUS
* CHAIRMAN SAYS EXPECTS PRODUCTION RATES ON BOEING 737 MAX WILL BE VERY MODEST IN H1 2021
* CHAIRMAN SAYS AIRBUS HAMBURG PLANT FACING A321NEO DELIVERY DELAYS FROM 4 MONTHS TO MORE THAN 12 MONTHS
* CHAIRMAN SAYS SOME BOEING 787 JETS DUE FOR DELIVERY LATE THIS YEAR ARE LIKELY TO BE PUSHED BACK TO 2021
* CHAIRMAN SAYS VIRTUALLY ALL THE PLANNED REDUCTION IN CAPEX IS BECAUSE OF MANUFACTURING DELAYS
* CEO SAYS SEES ROLE FOR EMBRAER E2 JET BUT IT IS HANDICAPPED BY COLLAPSE OF BOEING DEAL