Air Lease Corporation (ALC) has provided an update on its aircraft investments, sales and significant financing activities for the second quarter of 2024.
As of June 30, 2024, ALC's fleet consisted of 474 owned aircraft and 67 managed aircraft, with 307 new aircraft on order from Boeing and Airbus scheduled for delivery through 2029.
Aircraft Investments:
During the second quarter, ALC delivered 13 new aircraft from its order book, 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. The total aircraft investments for the quarter amounted to approximately US$940 million, with the majority of these investments occurring in the latter half of the quarter.
Sales:
ALC sold 11 aircraft to third-party buyers during the second quarter, generating proceeds of approximately US$530 million.
Financing:
In the realm of financing, ALC issued US$600 million of 5.30% senior unsecured medium-term notes due in 2026, and an additional US$600 million of 5.20% senior unsecured medium-term notes due in 2031.
