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Air Lease Corporation Activity Update for the Third Quarter of 2024

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Air Lease (NYSE: AL) has released its activity update for the third quarter of 2024. The company's fleet now consists of 485 owned aircraft and 64 managed aircraft, with 287 new aircraft on order from Airbus and Boeing scheduled for delivery through 2029. During the quarter, ALC delivered 20 new aircraft from its orderbook, including various models from Airbus and Boeing. The company's aircraft investments totaled approximately $1.9 billion.

ALC also sold nine aircraft to third-party buyers, generating sales proceeds of approximately $340 million. On the financing front, the company issued $300 million of 6.00% fixed-rate reset non-cumulative perpetual preferred stock, Series D.

Air Lease (NYSE: AL) ha pubblicato il suo aggiornamento sulle attività per il terzo trimestre del 2024. La flotta dell'azienda consiste attualmente di 485 aerei di proprietà e 64 aerei gestiti, con 287 nuovi aerei ordinati da Airbus e Boeing programmati per la consegna fino al 2029. Durante il trimestre, ALC ha consegnato 20 nuovi aerei dal proprio portafoglio ordini, inclusi vari modelli di Airbus e Boeing. Gli investimenti in aerei dell'azienda hanno totalizzato circa 1,9 miliardi di dollari.

ALC ha anche venduto nove aerei a acquirenti terzi, generando proventi di vendita di circa 340 milioni di dollari. Sul fronte del finanziamento, l'azienda ha emesso 300 milioni di dollari di azioni preferenziali perpetue non cumulative con tasso fisso reset del 6,00%, Serie D.

Air Lease (NYSE: AL) ha publicado su actualización de actividad para el tercer trimestre de 2024. La flota de la empresa ahora consiste en 485 aeronaves de propiedad y 64 aeronaves gestionadas, con 287 nuevas aeronaves en pedido a Airbus y Boeing programadas para entrega hasta 2029. Durante el trimestre, ALC entregó 20 nuevas aeronaves de su cartera de pedidos, incluyendo varios modelos de Airbus y Boeing. Las inversiones de la empresa en aeronaves totalizaron aproximadamente 1.9 mil millones de dólares.

ALC también vendió nueve aeronaves a compradores de terceros, generando ingresos por ventas de aproximadamente 340 millones de dólares. En el ámbito de la financiación, la empresa emitió 300 millones de dólares en acciones preferentes perpetuas no acumulativas con un tipo de interés fijo del 6.00%, Serie D.

에어 리스(Air Lease, NYSE: AL)는 2024년 3분기 활동 업데이트를 발표했습니다. 회사의 플릿은 현재 소유한 항공기 485대와 64대의 관리 항공기로 구성되어 있으며, 2029년까지 인도 예정인 287대의 새로운 항공기가 에어버스와 보잉에서 주문되어 있습니다. 분기 동안 ALC는 주문목록에서 20대의 새로운 항공기를 인도했습니다, 에어버스와 보잉의 다양한 모델이 포함됩니다. 회사의 항공기 투자는 약 19억 달러에 달했습니다.

ALC는 또한 제3자 구매자에게 9대의 항공기를 판매했습니다, 판매 수익은 약3억 4천만 달러에 달합니다. 자금 조달 측면에서는 회사가 3억 달러 규모의 고정 이율 재설정 비누적 영구 우선주를 발행했습니다. 시리즈 D.

Air Lease (NYSE: AL) a publié sa mise à jour d'activité pour le troisième trimestre de 2024. La flotte de l'entreprise comprend désormais 485 avions détenus et 64 avions gérés, avec 287 nouveaux avions commandés auprès d'Airbus et de Boeing prévus pour livraison jusqu'en 2029. Au cours du trimestre, ALC a livré 20 nouveaux avions de son carnet de commandes, y compris divers modèles d'Airbus et de Boeing. Les investissements de l'entreprise dans les avions ont totalisé environ 1,9 milliard de dollars.

ALC a également vendu neuf avions à des acheteurs tiers, générant des recettes de vente d'environ 340 millions de dollars. Sur le plan du financement, l'entreprise a émis 300 millions de dollars d'actions privilégiées perpétuelles non cumulatives à taux fixe de 6,00%, Série D.

Air Lease (NYSE: AL) hat sein Tätigkeitsupdate für das dritte Quartal 2024 veröffentlicht. Die Flotte des Unternehmens besteht nun aus 485 eigenen Flugzeugen und 64 verwalteten Flugzeugen, mit 287 neuen Flugzeugen, die bei Airbus und Boeing bestellt wurden und bis 2029 geliefert werden sollen. Im Verlauf des Quartals hat ALC 20 neue Flugzeuge aus seinem Auftragsbuch geliefert, darunter verschiedene Modelle von Airbus und Boeing. Die Investitionen des Unternehmens in Flugzeuge beliefen sich auf etwa 1,9 Milliarden US-Dollar.

ALC hat auch neun Flugzeuge an Drittkäufer verkauft und dadurch Verkaufserlöse von etwa 340 Millionen US-Dollar erzielt. Auf der Finanzierungsseite hat das Unternehmen 300 Millionen US-Dollar an nicht kumulativen, festverzinslichen Reset-Preference-Aktien der Serie D ausgegeben.

Positive
  • Delivered 20 new aircraft from orderbook, expanding fleet
  • Aircraft investments totaled $1.9 billion in Q3 2024
  • Generated $340 million from aircraft sales
  • Issued $300 million in preferred stock for additional financing
Negative
  • None.

Insights

This quarterly update from Air Lease (ALC) provides significant insights into the company's operational and financial performance. The delivery of 20 new aircraft in Q3 2024, valued at approximately $1.9 billion, demonstrates strong execution of ALC's growth strategy and ability to meet customer demand. This substantial investment indicates confidence in the aviation market's recovery and future growth prospects.

The sale of nine aircraft for $340 million showcases ALC's active portfolio management, potentially optimizing fleet composition and realizing gains on asset sales. This strategy helps maintain a modern, in-demand fleet while generating cash flow.

The issuance of $300 million in preferred stock reflects ALC's ability to access capital markets on favorable terms, with the 6.00% rate indicating investor confidence in the company's credit quality. This financing provides additional liquidity to support fleet expansion and operational flexibility.

Overall, ALC's Q3 activities suggest a robust business model with strong order book execution, strategic asset management and solid financial positioning. The company's growing fleet and orderbook indicate positive long-term growth prospects in the aircraft leasing market.

LOS ANGELES--(BUSINESS WIRE)-- Today Air Lease Corporation (NYSE: AL) announced an update on aircraft investments, sales, and significant financing activities occurring in the third quarter of 2024.

As of September 30, 2024, ALC’s fleet was comprised of 485 owned aircraft and 64 managed aircraft, with 287 new aircraft on order from Airbus and Boeing set to deliver through 2029.

Aircraft Investments
- Delivered 20 new aircraft from ALC’s orderbook including three Airbus A220s, six Airbus A321neos, three Airbus A330-900neos, two Airbus A350-900s, two Boeing 737-8s, one Boeing 787-9, and three Boeing 787-10s.
- Aircraft investments in the quarter totaled approximately $1.9 billion.

Sales
- Sold nine aircraft to third-party buyers.
- Aircraft sales proceeds for the quarter totaled approximately $340 million.

Financing
- Issued $300 million of 6.00% fixed-rate reset non-cumulative perpetual preferred stock, Series D.

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. 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.

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

Senior Manager, Media and Investor Relations

Email: press@airleasecorp.com

Source: Air Lease Corporation

FAQ

How many aircraft did Air Lease (AL) deliver in Q3 2024?

Air Lease delivered 20 new aircraft from its orderbook in the third quarter of 2024.

What was the total value of Air Lease 's (AL) aircraft investments in Q3 2024?

Air Lease 's aircraft investments totaled approximately $1.9 billion in the third quarter of 2024.

How many aircraft did Air Lease (AL) sell in Q3 2024?

Air Lease sold nine aircraft to third-party buyers in the third quarter of 2024.

What was the value of Air Lease 's (AL) aircraft sales in Q3 2024?

Air Lease 's aircraft sales proceeds for the third quarter of 2024 totaled approximately $340 million.

Air Lease Corporation

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