Air Lease (AL) Provides Q3 Activity Update

Today Air Lease Corporation (NYSE: AL) announced an update on aircraft investments, sales, and significant financing activities occurring in the third quarter of 2024.

As of September 30, 2024, ALC’s fleet was comprised of 485 owned aircraft and 64 managed aircraft, with 287 new aircraft on order from Airbus and Boeing set to deliver through 2029.

Aircraft Investments
- Delivered 20 new aircraft from ALC’s orderbook including three Airbus A220s, six Airbus A321neos, three Airbus A330-900neos, two Airbus A350-900s, two Boeing 737-8s, one Boeing 787-9, and three Boeing 787-10s.
- Aircraft investments in the quarter totaled approximately $1.9 billion.

Sales
- Sold nine aircraft to third-party buyers.
- Aircraft sales proceeds for the quarter totaled approximately $340 million.

Financing
- Issued $300 million of 6.00% fixed-rate reset non-cumulative perpetual preferred stock, Series D.

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