Air Lease Corporation announced an update on aircraft investments, sales and new significant financing occurring in the third quarter.
As of Sept. 30, ALC’s fleet was comprised of 370 owned aircraft and 89 managed aircraft, with 320 new aircraft on order from Boeing and Airbus set to deliver through 2027.
Aircraft Investments
- Delivered 16 new aircraft from ALC’s order book including one Airbus A320neo, six Airbus A321neos, seven Boeing 737-8s and two Boeing 737-9s
- Aircraft investments in the quarter totaled approximately $800 million, with the majority occurring in the second half of the quarter
Sales
No aircraft sales occurred during the quarter
Financing
- Issued $1.1 billion of senior unsecured medium-term notes comprised of $600 million of 0.80 percent senior unsecured medium-term notes due 2024, and $500 million of 2.10 percent senior unsecured medium-term notes due 2028
- Upsized senior unsecured revolving credit facility to $6.5 billion from $6.4 billion