ALC reports strong fourth quarter

Lilia
By Lilia January 15, 2020 15:19

ALC reports strong fourth quarter

Air Lease Corporation (ALC) has provided an update on activity taking place in the fourth quarter of 2019. 

As of December 31, 2019, ALC’s fleet was comprised of 292 owned aircraft and 85 managed aircraft with 413 new aircraft on order from Boeing and Airbus through 2026.

ALC delivered 11 new aircraft including: two A320neos, seven A321neos, one A330-900neo, one 787-10 and acquired one A330-300 in the secondary market. ALC aircraft investments in the quarter totalled approximately $825 million.

The US-based lessor sold 19 aircraft including 11 aircraft to Thunderbolt Aircraft Lease Limited III and the remainder to other buyers. Sales proceeds for the quarter totalled approximately $585 million

During the final quarter of 2019, ALC issued CAD$400 million senior unsecured medium-term notes at a fixed rate of 2.625%. ALC also ordered 50 A220 aircraft (with purchase options for an additional 25 A220 aircraft), 25 A321neo aircraft and 27 A321neo XLR aircraft, with deliveries of the aircraft scheduled to commence in 2021 and continue through 2026

Lilia
By Lilia January 15, 2020 15:19