Today, Oct 10, 2023. Air Lease Corporation (NYSE: AL) announced an update on aircraft investments and sales activities occurring in the third quarter of 2023.
As of September 30, 2023, ALC’s fleet was comprised of 448 owned aircraft and 79 managed aircraft, with 351 new aircraft on order from Boeing and Airbus set to deliver through 2029.
Aircraft Investments
- Delivered eight new aircraft from ALC’s order book including two Airbus A220-300s, two Airbus A321neos, one Airbus A330-900neo, two Boeing 737-8s, and one Boeing 737-9.
- Aircraft investments in the quarter totaled approximately $450 million.
Sales
- Sold eight aircraft to third-party buyers.
- Aircraft sales proceeds for the quarter totaled approximately $350 million.
Forward-Looking Statements
Tags: Air Lease Corporation