Air Lease (AL) Issues Q2 Activity Update

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.

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