Air Lease announces Q4 activity update

Air Lease (AL) announced an update on aircraft investments, sales, and significant financing activities occurring in the fourth quarter of 2022. As of December 31, 2022, ALC’s fleet was comprised of 417 owned aircraft and 85 managed aircraft, with 398 new aircraft on order from Boeing (BA) and Airbus (EADSY) set to deliver through 2028. Aircraft Investments: Delivered 16 new aircraft from ALC’s order book including two Airbus A220-300s, five A321neos, two Airbus A330-900neos, three Boeing 737-8s, three Boeing 737-9s, and one Boeing 787-9. Aircraft investments in the quarter totaled approximately $1B. Recovered one Boeing 737-8 aircraft previously detained in Russia. Sales: Sold five aircraft to third-party buyers. Financing: Issued $700M of 5.85% senior unsecured medium-term notes due 2027. Closed a $400M unsecured term loan facility with final maturity in 2027.