Air Lease Corporation Activity Update for the Third Quarter of 2018
LOS ANGELES--(BUSINESS WIRE)--Oct 9, 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 DeliveriesDelivered 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
SalesSold 10 aircraft to Thunderbolt Aircraft Lease Limited II
FinancingIssued $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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CONTACT: Air Lease Corporation
Mary Liz DePalma
Assistant Vice President, Investor Relations
Manager, Media and Investor Relations
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: TRANSPORT AIR MANUFACTURING AEROSPACE PROFESSIONAL SERVICES FINANCE
SOURCE: Air Lease Corporation
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PUB: 10/09/2018 06:31 AM/DISC: 10/09/2018 06:31 AM