Air Lease delivered 12 new aircraft from its order book in Q2/21, including two Airbus A320neos, three Airbus A321neos, one Airbus A330-900neo, one Airbus A350-900, two Boeing 737-8s, one Boeing 737-9 and two Boeing 787-9s. Air Lease’s aircraft investments in the quarter totaled approximately $1 billion, with the majority occurring in the second half of the quarter. Air Lease did not sell any aircraft in the quarter.

In addition, Air Lease issued $1.2 billion of 1.875% senior unsecured medium-term notes due 2026 and $600 million of floating rate senior unsecured medium-term notes at LIBOR plus 0.35% due 2022. The company also upsized its senior unsecured revolving credit facility to $6.4 billion from $6.2 billion.

On July 1, Air Lease’s long-term rating from Fitch was affirmed at BBB, with its outlook revised to stable from negative.

As of June 30, Air Lease’s fleet was comprised of 354 owned aircraft and 89 managed aircraft, with 339 new aircraft on order from Boeing and Airbus set to deliver through 2027.