JULY 10TH, 2019

Air Lease Corporation Activity Update for the Second Quarter of 2019

Today Air Lease Corporation (AL) announced an update on activity taking place in the second quarter of 2019:
As of June 30, 2019, ALC’s fleet was comprised of 297 owned aircraft and 64 managed aircraft, with commitments to acquire a total of 345 new aircraft for delivery through 2024.
Deliveries – Delivered 17 aircraft
Delivered 16 new aircraft including 1 Airbus A320neo, 6 Airbus A321neos, 4 Airbus A330-900neos, 2 Airbus A350-900s, and 3 Boeing 787-9s
Delivered 1 used A330-300 purchased in the secondary market
Aircraft investments in the quarter totaled approximately $1.6 billion, approximately $0.3 billion less than previously anticipated given delays from Airbus and Boeing
Sales
No aircraft sales took place in the second quarter
Financing
Issued $750 million of 3.750% senior unsecured medium-term notes due 2026
Issued $300 million of floating rate senior unsecured medium-notes at LIBOR plus 0.67% due 2021