Thursday, 11 July 2019

Busy time for Air Lease Corporation during the second quarter of 2019

Air Lease Corporation is a leading aircraft leasing company based in Los Angeles, California, USA that has airline customers throughout the world. Its dedicated and experienced team of professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline customers worldwide, has had a busy time during 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.

The firm delivered 17 aircraft - 16 new aircraft including 1 Airbus A320neo, 6 Airbus A321neos, 4 Airbus A330-900neos, 2 Airbus A350-900s, and 3 Boeing 787-9s as well as 1 used A330-300 purchased in the secondary market.

Aircraft investments in the quarter totalled approximately $1.6 billion, approximately $0.3 billion less than previously anticipated given delays from Airbus and Boeing.  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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