Air Lease Corporation Activity Update for the Second Quarter of 2018
July 10 2018 - 6:31AM
Today Air Lease Corporation (NYSE:AL) (“ALC”) announced an update
on activity taking place in the second quarter of 2018:
As of June 30, 2018, ALC’s fleet was comprised
of 271 owned aircraft and 49 managed aircraft, with commitments to
acquire a total of 358 new aircraft for delivery through 2023.
ALC purchased 18 aircraft during the second
quarter of 2018
- 14 new aircraft delivered from ALC’s orderbook including 6
Boeing 737 MAX 8s, 3 Boeing 787-9s, 3 Airbus A321neos and 2 Airbus
A350-900s
- 4 incremental, young Airbus A321-200s which were leased to an
existing ALC customer
Timing of orderbook deliveries and incremental
aircraft purchases
- Approximately half of the quarter’s orderbook deliveries and
incremental purchases occurred in the last two weeks of June
Sales
- No aircraft sales took place in the second quarter
Financing
- Issued $500 million of 3.875% unsecured senior notes due
2023
- Amended and extended 4-year unsecured revolving credit facility
increasing total revolving commitments to $4.5 billion across 50
financial institutions
Forward-Looking StatementsThis 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.
Investors: |
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Media: |
Mary Liz DePalma |
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Laura Woeste |
Assistant Vice
President, Investor Relations |
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Manager, Media and
Investor Relations |
Email:
mdepalma@airleasecorp.com |
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Email:
lwoeste@airleasecorp.com |
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