The aircraft leasing giant, Air Lease Corporation released details of its activity for the third quarter of 2019. As of September 30, 2019, ALC’s fleet was comprised of 307 owned aircraft and 64 managed aircraft. As of today, ALC has commitments to acquire a total of 318 new aircraft for delivery from Boeing and Airbus through 2024.
Deliveries – Delivered 15 aircraft
Delivered 15 new aircraft including 2 Airbus A320neos, 6 Airbus A321neos, 1 Airbus A330-900neo, 1 Airbus A350-900, 2 Boeing 787-9s and 3 Boeing 787-10s
Aircraft investments in the quarter totalled approximately $1.5 billion
Sales – Sold 5 aircraft
Completed the sale of 5 aircraft to a third-party buyer for sales proceeds of approximately $184 million
Financing
Issued $1.1 billion in senior unsecured medium-term notes comprised of $600 million due 2023 at a fixed rate of 2.25% and $500 million due 2029 at a fixed rate of 3.25%
Forward-Looking Statements
ALC is a leading aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. For more information, visit ALC's website at www.airleasecorp.com.
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