Air Lease Corporation Activity Update for the Third Quarter of 2018
Today Air Lease Corporation (NYSE: AL; “ALC”) announced an update on activity taking place in the third quarter of 2018:
As of September 30, 2018, ALC’s fleet was comprised of 268 owned aircraft and 60 managed aircraft, with commitments to acquire a total of 384 new aircraft for delivery through 2024.
Order book Deliveries
- Delivered 7 new aircraft including 1 Boeing 737 MAX 8, 2 Boeing 787-9s, 1 Airbus A320neo, 2 Airbus A321neos, and 1 Airbus A350-900
- The majority of this quarter’s order book deliveries occurred in the last two weeks of September
Sales
- Sold 10 aircraft to Thunderbolt Aircraft Lease Limited II
Financing
- Issued $1.2 billion of unsecured senior notes including $700 million of 3.500% unsecured senior notes due 2022 and $500 million of 4.625% unsecured senior notes due 2028
Forward-Looking Statements
This press release contains
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, including expected delivery dates. Such
statements are based on current expectations and projections about our
future results, prospects and opportunities and are not guarantees of
future performance. Such statements will not be updated unless required
by law. Actual results and performance may differ materially from those
expressed or forecasted in forward-looking statements due to a number of
factors, including those discussed in our filings with the Securities
and Exchange Commission.
About Air Lease Corporation (NYSE: AL)
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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