LOS ANGELES, California, April 8, 2019 — Today Air Lease Corporation (NYSE: AL; “ALC”) announced an update on activity taking place in the first quarter of 2019:
As of March 31, 2019, ALC’s fleet was comprised of 280 owned aircraft and 65 managed aircraft, with commitments to acquire a total of 361 new aircraft for delivery through 2024.
Order book Deliveries – We delivered 11 new aircraft
Our aircraft deliveries included (2) Airbus A320neos, (3) Airbus A321neos, (1) Airbus A330-900neo, (1) Airbus A350-900, (1) Boeing 737 MAX 8, and (3) Boeing 787-9s, representing approximately $1 billion in aircraft investments
Approximately $0.4 billion of deliveries expected for the first quarter were delayed, primarily due to Airbus delivery delays, as well as the temporary delivery suspension of the Boeing 737 MAX
The majority of order book deliveries occurred throughout the second half of the quarter
Sales – We sold six aircraft
We completed the sale of four aircraft to our managed vehicles, including three aircraft to Thunderbolt Aircraft Lease Limited II, one to Blackbird Capital II, LLC, and two aircraft to third party buyers.
Issued $700 million of 4.25% senior unsecured medium term notes due 2024
Issued $250 million of 6.15% fixed-to-floating non-cumulative perpetual series A preferred stock