Air Lease Records $1.4B in Aircraft Investments in Q1/23

Air Lease delivered 22 new aircraft from its order book in Q1/23, including six Airbus A321neos, two Airbus A330-900neos, one Airbus A350-900, five Boeing 737-8s and eight Boeing 737-9s. The company also recorded aircraft investments of approximately $1.4 billion during the quarter.

The aircraft leasing company also sold two aircraft to third-party buyers, issued $700 million of 5.3% senior unsecured medium-term notes due 2028 and completed an inaugural $600 million sukuk offering, consisting of 5.85% trust certificates due 2028.

As of March 31, Air Lease’s fleet was comprised of 437 owned aircraft and 86 managed aircraft, with 376 new aircraft on order from Boeing and Airbus set to deliver through 2029.

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