Air Lease (AL) announced an update on aircraft investments, sales, and significant financing activities occurring in the first quarter of 2024. As of March 31, ALC’s fleet was comprised of 472 owned aircraft and 73 managed aircraft, with 320 new aircraft on order from Boeing (BA) and Airbus (EADSY) set to deliver through 2028. Aircraft Investments: Delivered 14 new aircraft from ALC’s order book including two Airbus A220s, one Airbus A320neo, six Airbus A321neos, one Airbus A350-1000, and four Boeing 737-8s. Aircraft investments in the quarter totaled approximately $900M, with the majority occurring in the second half of the quarter. Sales: Sold five aircraft to third-party buyers. Aircraft sales proceeds for the quarter totaled approximately $240M. Financing: Issued $500M of 5.10% senior unsecured medium-term notes due 2029. Issued C$400M of 5.40% senior unsecured medium-term notes due 2028. Issued EUR600M of 3.70% senior unsecured medium-term notes due 2030.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AL:
- S&P announces changes to S&P 600 index at open on 3/18
- Fly Insider: Exelixis, Akami among week’s notable insider trades
- Air Lease Discusses Quarterly and Annual Financials
- 5 Best Mid-Cap Stocks to Buy Now, According to Analysts – February 2024
- Air Lease reports Q4 adjusted EPS $1.92, consensus $1.08
