ALC reports second quarter 2021 results

Air Lease Corporation (ALC) has reported its financial results for the three and six months ended June 30, 2021. Total revenues for the three months ended June 30, 2021 decreased by 5.7% to $491.9 million compared to the three months ended June 30, 2020. Despite the continued growth of ALC’s fleet, the lessor was not able to recognize $41.6 million of rental revenue during the three months ended June 30, 2021, because lease receivables exceeded the lease security package held and collection was not reasonably assured for certain leases, of which $27.9 million was related to Vietnam Airlines, with whom