Air Lease Corporation Activity Update for the Second Quarter of 2021
July 09 2021 - 5:31AM
Business Wire
Today Air Lease Corporation (NYSE: AL) announced an update on
aircraft investments, sales, new significant financing, and recent
ratings updates occurring in the second quarter of 2021.
As of June 30, 2021, ALC’s fleet was comprised of 354 owned
aircraft and 89 managed aircraft, with 339 new aircraft on order
from Boeing and Airbus set to deliver through 2027.
Aircraft Investments
- Delivered twelve new aircraft from ALC’s order book including
two Airbus A320neos, three Airbus A321neos, one Airbus A330-900neo,
one Airbus A350-900, two Boeing 737-8s, one Boeing 737-9, and two
Boeing 787-9s
- Aircraft investments in the quarter totaled approximately $1
billion, with the majority occurring in the second half of the
quarter
Sales
- No aircraft sales occurred during the quarter
Financing
- Issued $1.2 billion of 1.875% senior unsecured medium-term
notes due 2026
- Issued $600 million of floating rate senior unsecured
medium-term notes at LIBOR + 0.35% due 2022
- Upsized senior unsecured revolving credit facility to $6.4
billion from $6.2 billion
Ratings
- On July 1, 2021, ALC’s long-term rating from Fitch was affirmed
at BBB with outlook revised to Stable from Negative
Forward-Looking Statements This press release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements are based
on current expectations and projections about our future results,
prospects and opportunities and are not guarantees of future
performance. Some or all of the results anticipated by these
forward-looking statements are unknown at this time, including the
ultimate impact of the COVID-19 pandemic on our results, prospects
and opportunities. 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. ALC routinely posts information that may be important to
investors in the “Investors” section of ALC’s website at
www.airleasecorp.com. Investors and potential investors are
encouraged to consult the ALC website regularly for important
information about ALC. The information contained on, or that may be
accessed through, ALC’s website is not incorporated by reference
into, and is not a part of, this press release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210709005083/en/
Investors: Mary Liz DePalma Vice President, Investor Relations
Email: investors@airleasecorp.com
Jason Arnold Assistant Vice President, Finance Email:
investors@airleasecorp.com
Media: Laura Woeste Senior Manager, Media and Investor Relations
Email: press@airleasecorp.com
Ashley Arnold Manager, Media and Investor Relations Email:
press@airleasecorp.com
Air Lease (NYSE:AL)
Historical Stock Chart
From Apr 2024 to May 2024
Air Lease (NYSE:AL)
Historical Stock Chart
From May 2023 to May 2024