Air Lease Corporation Activity Update for the Second Quarter of 2022

Rhea-AI Summary

Air Lease Corporation (NYSE: AL) announced its Q2 2022 aircraft investments and sales activity. As of June 30, ALC's fleet comprised 392 owned and 89 managed aircraft, with 430 new aircraft on order from Boeing and Airbus for delivery through 2028. In Q2, ALC delivered 21 new aircraft, including various Airbus and Boeing models, with total investments around $1.4 billion. There were no aircraft sales during the quarter. The press release includes forward-looking statements and advises investors to monitor ALC’s website for significant updates.

Positive

• Delivered 21 new aircraft in Q2 2022.
• Total aircraft investments reached approximately $1.4 billion.

Negative

• No aircraft sales occurred during the quarter.

LOS ANGELES--(BUSINESS WIRE)-- Today Air Lease Corporation (NYSE: AL) announced an update on aircraft investments and sales activity occurring in the second quarter of 2022.

As of June 30, 2022, ALC’s fleet was comprised of 392 owned aircraft and 89 managed aircraft, with 430 new aircraft on order from Boeing and Airbus set to deliver through 2028.

Aircraft Investments

• Delivered 21 new aircraft from ALC’s order book including two Airbus A320neos, five Airbus A321neos, one Airbus A330-900neo, two Airbus A350s, nine Boeing 737-8s, and two Boeing 737-9s
• Purchased one new incremental Airbus A321neo, which was concurrently leased to an ALC customer
• Aircraft investments in the quarter totaled approximately $1.4 billion

Sales

• No aircraft sales occurred during the quarter

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/20220712005490/en/

Investors:

Jason Arnold

Vice President, Investor Relations

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

Source: Air Lease Corporation

FAQ

What is Air Lease Corporation's investment in aircraft for Q2 2022?

In Q2 2022, Air Lease Corporation invested approximately $1.4 billion in aircraft.

How many aircraft did Air Lease Corporation deliver in Q2 2022?

Air Lease Corporation delivered 21 new aircraft in Q2 2022.

What was the status of aircraft sales for Air Lease Corporation in Q2 2022?

There were no aircraft sales by Air Lease Corporation during Q2 2022.

What are the future aircraft orders for Air Lease Corporation?

Air Lease Corporation has 430 new aircraft on order from Boeing and Airbus, set for delivery through 2028.

What does Air Lease Corporation's fleet look like as of June 30, 2022?

As of June 30, 2022, Air Lease Corporation's fleet consisted of 392 owned aircraft and 89 managed aircraft.