Air Lease Reports Q2/20 Sales Proceeds of $87MM

Air Lease provided an update on order book deliveries, sales and new financing from Q2/20. As of June 30, 2020, Air Lease’s fleet was comprised of 301 owned aircraft and 81 managed aircraft, with 398 new aircraft on order from Boeing and Airbus set to deliver through 2026.

In Q2/20, Air Lease delivered one new Airbus A320neo aircraft from its order book. The company also sold three aircraft to Thunderbolt Aircraft Lease Limited III and one aircraft to a third-party buyer. Sales proceeds for the quarter totaled approximately $87 million. Air Lease also issued $850 million of senior unsecured medium-term notes due 2025 at a fixed rate of 3.375%.

Air Lease is an aircraft leasing company based in Los Angeles.

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