Air Lease Corporation Activity Update for the First Quarter of 2022
12 April 2022 - 12:31PM
Business Wire
Today Air Lease Corporation (NYSE: AL) announced an update on
aircraft investments, sales, new significant financing, and other
activity occurring in the first quarter of 2022.
As of March 31, 2022, ALC’s fleet was comprised of 391 owned
aircraft and 93 managed aircraft, with 451 new aircraft on order
from Boeing and Airbus set to deliver through 2028.
Aircraft Investments
- Delivered eight new aircraft from ALC’s order book including
one Airbus A320neo, two Airbus A321neos, one Airbus A330-900neo,
three Boeing 737-8s, and one Boeing 737-9
- Purchased one incremental Boeing 737-800, which was
concurrently leased to an ALC customer
- Aircraft investments in the quarter totaled approximately $490
million
Sales
- No aircraft sales occurred during the quarter
Financing
- Issued $1.5 billion of senior unsecured medium-term notes
comprised of $750 million of 2.20% senior unsecured medium-term
notes due 2027, and $750 million of 2.875% senior unsecured
medium-term notes due 2032
Russia Exposure
- In March of 2022, we terminated leases for all ALC aircraft on
lease to Russian airline customers. We currently have 21
owned aircraft remaining in Russia, representing approximately 3.4%
of our fleet by net book value as of March 31, 2022.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Such statements are based on current expectations and
projections about our future results, prospects and opportunities
and are not guarantees of future performance. Some or all of the
results anticipated by these forward-looking statements are unknown
at this time, including the ultimate impact of the COVID-19
pandemic on our results, prospects and opportunities. 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. ALC routinely posts information that may be
important to investors in the “Investors” section of ALC’s website
at www.airleasecorp.com. Investors and potential investors are
encouraged to consult the ALC website regularly for important
information about ALC. The information contained on, or that may be
accessed through, ALC’s website is not incorporated by reference
into, and is not a part of, this press release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220411005976/en/
Investors: Mary Liz DePalma Vice President, Investor Relations
Email: investors@airleasecorp.com
Jason Arnold Assistant Vice President, Finance Email:
investors@airleasecorp.com
Media: Laura Woeste Senior Manager, Media and Investor Relations
Email: press@airleasecorp.com
Ashley Arnold Manager, Media and Investor Relations Email:
press@airleasecorp.com
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