This week, Air Lease Corporation announced an update on aircraft investments, sales, and significant financing activities occurring in the fourth quarter of 2023.
As of December 31, 2023, ALC’s fleet was comprised of 463 owned aircraft and 78 managed aircraft, with 334 new aircraft on order from Boeing and Airbus set to deliver through 2029.
Aircraft Investments
- Delivered 22 new aircraft from ALC’s order book including six Airbus A220s, one Airbus A320neo, eight Airbus A321neos, two Airbus A330-900neos, two Boeing 737-8s, and three Boeing 737-9s.
- Aircraft investments in the quarter totalled approximately $1.2 billion.
Sales
- Sold seven aircraft to third-party buyers.
- Aircraft sales proceeds for the quarter totalled approximately $440 million.
Financing
- Issued C$500 million of 5.4% senior unsecured medium-term notes.
- Upsized senior unsecured revolving credit facility to $7.4 billion from $7.2 billion.