Air Lease Corporation, the global aircraft leasing giant has issued a brief update on its activities for the first quarter of the year.
As of March 31, 2021, ALC’s fleet was comprised of 342 owned aircraft and 83 managed aircraft, with 349 new aircraft on order from Boeing and Airbus set to deliver through 2027.
Aircraft Investments
Delivered ten new aircraft from ALC’s order book including one Airbus A320neo, four Airbus A321neos, four Boeing 737-8s and one Boeing 787-9
Aircraft investments in the quarter totalled approximately $600 million with the majority occurring in the second half of the quarter
Sales
No aircraft sales occurred during the quarter
Financing
Issued $750 million of 0.70% senior unsecured medium-term notes due 2024
Issued $300 million of 4.65% fixed-rate reset non-cumulative perpetual series B preferred stock
Ratings
On April 7, 2021, ALC’s long-term rating from S&P was affirmed at BBB and outlook changed to Stable from Negative
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