Air Lease Corporation Activity Update for the Third Quarter of 2024 | AL Stock News

10/08/2024 - 06:31 AM 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 StatementsThis 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.View source version on businesswire.com: https://www.businesswire.com/news/home/20241007933913/en/Investors:Jason ArnoldVice President, Investor RelationsEmail: investors@airleasecorp.comMedia:Laura WoesteSenior Manager, Media and Investor RelationsEmail: press@airleasecorp.comAshley ArnoldSenior Manager, Media and Investor RelationsEmail: press@airleasecorp.comSource: Air Lease Corporation