Air Lease Corporation Activity Update for the Second Quarter of 2024
July 09 2024 - 6:31AM
Business Wire
Today Air Lease Corporation (NYSE: AL) announced an update on
aircraft investments, sales, and significant financing activities
occurring in the second quarter of 2024.
As of June 30, 2024, ALC’s fleet was comprised of 474 owned
aircraft and 67 managed aircraft, with 307 new aircraft on order
from Boeing and Airbus set to deliver through 2029.
Aircraft Investments
- Delivered 13 new aircraft from ALC’s
orderbook including two Airbus A220s, five Airbus A321neos, one
Airbus A330-900neo, one Airbus A350-900, two Boeing 737-8s, one
Boeing 737-9, and one Boeing 787-9. - Aircraft investments in the
quarter totaled approximately $940 million, with the majority
occurring in the second half of the quarter.
Sales
- Sold 11 aircraft to third-party buyers. -
Aircraft sales proceeds for the quarter totaled approximately $530
million.
Financing
- Issued $600 million of 5.30% senior
unsecured medium-term notes due 2026. - Issued $600 million of
5.20% senior unsecured medium-term notes due 2031.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Such statements are based on current expectations and
projections about our future results, prospects and opportunities
and are not guarantees of future performance. Such statements will
not be updated unless required by law. Actual results and
performance may differ materially from those expressed or
forecasted in forward-looking statements due to a number of
factors, including those discussed in our filings with the
Securities and Exchange Commission.
About Air Lease Corporation (NYSE: AL)
Air Lease Corporation is a leading global aircraft leasing
company based in Los Angeles, California that has airline customers
throughout the world. ALC and its team of dedicated and experienced
professionals are principally engaged in purchasing new commercial
aircraft and leasing them to its airline customers worldwide
through customized aircraft leasing and financing solutions. The
company routinely posts information that may be important to
investors in the “Investors” section of its website at
www.airleasecorp.com. Investors and potential investors are
encouraged to consult Air Lease Corporation’s website regularly for
important information. The information contained on, or that may be
accessed through, ALC’s website is not incorporated by reference
into, and is not a part of, this press release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240709089721/en/
Investors: Jason Arnold Vice President, Investor Relations
Email: investors@airleasecorp.com
Media: Laura Woeste Senior Manager, Media and Investor Relations
Email: press@airleasecorp.com
Ashley Arnold Senior Manager, Media and Investor Relations
Email: press@airleasecorp.com
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