Air Lease Corporation activity update for third quarter of 2019

As of September 30, 2019, ALC’s fleet was comprised of 307 owned aircraft and 64 managed aircraft. As of today, ALC has commitments to acquire a total of 318 new aircraft for delivery from Boeing and Airbus through 2024.

ALC has delivered 15 new aircraft including 2 Airbus A320neos, 6 Airbus A321neos, 1 Airbus A330-900neo, 1 Airbus A350-900, 2 Boeing 787-9s and 3 Boeing 787-10s. Aircraft investments in the quarter totaled approximately US$1.5 billion.

The company completed the sale of five aircraft to a third-party buyer for sales proceeds of approximately US$184 million.

ALC has issued US$1.1 billion in senior unsecured medium-term notes comprised of US$600 million due 2023 at a fixed rate of 2.25% and US$500 million due 2029 at a fixed rate of 3.25%.

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