Thursday, 8 October 2020

Air Lease Corporation's Third Quarter of 2020 Update

                            Air Lease Corporation has issued an update on order book deliveries, sales and new significant financing occurring in the third quarter of 2020.  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. 

As of September 30, 2020, ALC’s fleet was comprised of 308 owned aircraft and 81 managed aircraft, with 377 new aircraft on order from Boeing and Airbus set to deliver through 2026.

Order Book Deliveries

Delivered seven new aircraft from ALC’s order book including one Airbus A320neo, four A321neos, one A350-900 and one A350-1000
Aircraft investments in the quarter totaled approximately $0.6 billion
Sales

Sold one aircraft to Thunderbolt Aircraft Lease Limited III which marks the final aircraft sale to this entity
Financing

Issued $700 million of senior unsecured medium-term notes due 2026 at a fixed rate of 2.875%
Ended quarter with $7 billion in liquidity comprised of unrestricted cash and available revolver capacity







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