Air Lease Corporation released an update on its activity in the second quarter of 2019. Highlights included aircraft investments of $1.6 billion, approximately $0.3 billion less than previously anticipated given delays from Airbus and Boeing.
As of June 30, 2019, ALC’s fleet was comprised of 297 owned aircraft and 64 managed aircraft, with commitments to acquire a total of 345 new aircraft for delivery through 2024.
Other highlights from Q2/2019 included:
Based in Los Angeles, Air Lease Corporation is an aircraft leasing company that has airline customers throughout the world. ALC is principally engaged in purchasing commercial aircraft and leasing them to its airline customers through customized aircraft leasing and financing solutions.
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