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.

Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.