Air Lease (AL) announced an update on aircraft investments, sales, and significant financing activities occurring in the first quarter. As of March 31, ALC’s fleet was comprised of 437 owned aircraft and 86 managed aircraft, with 376 new aircraft on order from Boeing (BA) and Airbus (EADSY) set to deliver through 2029. Aircraft Investments: Delivered 22 new aircraft from ALC’s order book including six Airbus A321neos, two Airbus A330-900neos, one Airbus A350-900, five Boeing 737-8s, and eight Boeing 737-9s. Aircraft investments in the quarter totaled approximately $1.4B. Sales: Sold two aircraft to third-party buyers. Financing: Issued $700M of 5.30% senior unsecured medium-term notes due 2028. Completed inaugural $600M sukuk offering, consisting of 5.85% trust certificates due 2028.
Published first on TheFly
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