Air Lease Corporation Activity Update for the Second Quarter of 2017

Editor -

Today Air Lease Corporation (NYSE:AL) (“ALC”) announced an update on activity taking place in the second quarter of 2017:

At the end of the second quarter of 2017, ALC’s fleet was comprised of 240 owned aircraft and 48 managed aircraft

Deliveries

  • Delivered 8 new aircraft including 3 Boeing 737-800s, 1 Boeing 787-9, 1 Airbus A320neo, 1 Airbus A321ceo and 2 Airbus A321neos
  • Delivered 6 used Boeing 737-800s purchased in the secondary market with the majority of these deliveries occurring throughout the second half of the quarter

Sales

  • Sold 17 aircraft including 16 aircraft sold to Thunderbolt Aircraft Lease Limited and 1 aircraft sold to Blackbird Capital I, LLC

Orders

  • Announced Memorandum of Understanding with Boeing for 12 737 MAX aircraft
  • Signed firm order with Airbus for 12 additional A321neo aircraft
  • Designated CFM International’s advanced LEAP-1A engine to power 25 Airbus A320neo family aircraft currently on order

Financing

  • Repaid $1.1 billion 5.625% senior notes at maturity
  • Amended and extended unsecured revolving credit facility with revolving commitments now totaling $3.7 billion and the substantial majority of the revolving commitments maturing on May 5, 2021
  • Issued $600 million 2.625% unsecured senior notes due 2022