Air Lease Delivers 16 New Aircraft, Makes $800MM in Investments in Q3/21



During Q3/21, Air Lease delivered 16 new aircraft from its order book, including one Airbus A320neo, six Airbus A321neos, seven Boeing 737-8s and two Boeing 737-9s.

Air Lease’s aircraft investments in the quarter totaled approximately $800 million, with the majority occurring in the second half of the quarter. However, the company made no aircraft sales during the quarter.

Air Lease also issued $1.1 billion of senior unsecured medium-term notes comprised of $600 million of 0.8% senior unsecured medium-term notes due 2024 and $500 million of 2.1% senior unsecured medium-term notes due 2028. In addition, it upsized its senior unsecured revolving credit facility to $6.5 billion from $6.4 billion.

As of Sept. 30, Air Lease’s fleet was comprised of 370 owned aircraft and 89 managed aircraft, with 320 new aircraft on order from Boeing and Airbus set to deliver through 2027.


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