Air Lease Corporation Activity Update For The Second Quarter Of 2019 Air Lease Corporation Activity Update For The Second Quarter Of 2019

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Air Lease Corporation Activity Update for the Second Quarter of 2019

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Los Angeles. 10 July 2019 . Air Lease Corporation announced an update on activity taking place in the second quarter of 2019:

As of June 30, 2019, ALC’s fleet was comprised of 297 owned aircraft and 64 managed aircraft, with commitments to acquire a total of 345 new aircraft for delivery through 2024.

Deliveries – Delivered 17 aircraft

  • Delivered 16 new aircraft including 1 Airbus A320neo, 6 Airbus A321neos, 4 Airbus A330-900neos, 2 Airbus A350-900s, and 3 Boeing 787-9s
  • Delivered 1 used A330-300 purchased in the secondary market
  • Aircraft investments in the quarter totaled approximately $1.6 billion, approximately $0.3 billion less than previously anticipated given delays from Airbus and Boeing

Sales 

  • No aircraft sales took place in the second quarter

Financing

  • Issued $750 million of 3.750% senior unsecured medium-term notes due 2026
  • Issued $300 million of floating rate senior unsecured medium-notes at LIBOR plus 0.67% due 2021
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