Air Lease Corporation Activity Update for the Third Quarter of 2022

Rhea-AI Summary

Air Lease Corporation (NYSE: AL) provided a third-quarter update highlighting its aircraft investments and sales. As of September 30, 2022, the fleet included 405 owned and 87 managed aircraft, with 412 new aircraft on order for delivery through 2028. The company delivered 14 new aircraft during the quarter and invested approximately $840 million in aircraft. Additionally, one aircraft was sold to a third-party buyer. The statement includes forward-looking remarks indicating uncertainty rooted in ongoing economic conditions, including the COVID-19 pandemic.

Positive

• As of September 30, 2022, ALC's fleet comprised 405 owned and 87 managed aircraft.
• 14 new aircraft delivered in Q3 2022 from the order book.
• Approximately $840 million invested in aircraft during the quarter.

Negative

• Ongoing uncertainty about future performance due to the COVID-19 pandemic.

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

As of September 30, 2022, ALC’s fleet was comprised of 405 owned aircraft and 87 managed aircraft, with 412 new aircraft on order from Boeing and Airbus set to deliver through 2028.

Aircraft Investments

• Delivered 14 new aircraft from ALC’s order book including two Airbus A220-300s, three A321neos, three Airbus A330-900neos, five Boeing 737-8s, and one Boeing 737-9
• Aircraft investments in the quarter totaled approximately $840 million

Sales

• Sold one aircraft to a third-party buyer

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)

Air Lease Corporation is a leading global 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 new commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. The company routinely posts information that may be important to investors in the “Investors” section of its website at www.airleasecorp.com. Investors and potential investors are encouraged to consult Air Lease Corporation’s website regularly for important information. 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/20221011005533/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 the latest update from Air Lease Corporation regarding aircraft investments?

Air Lease Corporation announced a total investment of approximately $840 million in aircraft during the third quarter of 2022.

How many aircraft did Air Lease Corporation deliver in Q3 2022?

In Q3 2022, Air Lease Corporation delivered 14 new aircraft.

What is the current fleet size of Air Lease Corporation?

As of September 30, 2022, Air Lease Corporation's fleet consisted of 405 owned and 87 managed aircraft.

What are the future aircraft orders for Air Lease Corporation?

Air Lease Corporation has 412 new aircraft on order from Boeing and Airbus, set to deliver through 2028.

Did Air Lease Corporation sell any aircraft recently?

Yes, Air Lease Corporation sold one aircraft to a third-party buyer in the third quarter of 2022.