Air Lease Reports $1.1B in Aircraft Investments in Q4/20
JAN 13, 2021 - 6:53 am
Air Lease reported that as of Dec. 31, 2020, its fleet was comprised of 332 owned aircraft and 81 managed aircraft, with 361 new aircraft on order from Boeing and Airbus set to deliver through 2026.
In Q4/20, Air Lease delivered 10 new aircraft from its order book, including two A320neos, six A321neos, one A330-900 and one A350-1000. Air Lease also purchased and leased back 10 A320-200 aircraft and four 737-800 aircraft. Air Lease’s aircraft investments in the quarter totaled approximately $1.1 billion, with the majority occurring in the second half of the quarter. However, Air Lease did not record any aircraft sales during the quarter.
During the quarter, Air Lease issued $1.5 billion of senior unsecured medium-term notes, which are comprised of $750 million due 2026 at a fixed rate of 2.875% and $750 million due 2030 at a fixed rate of 3.125%.
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