Strong second quarter for Air Lease Corporation 

Air Lease Corporation (ALC) revenues for the second quarter grew by 10.6% year-over-year to $521 million with net income of $144 million, up 15.9% year-over-year. The leasing company’s fully diluted earnings per share for the second quarter was $1.26, up 14.5% over the second quarter of last year. As of June 30, 2020, ALC owned 301 aircraft in its operating lease portfolio with a net book value of $19.1 billion, a weighted average age of 3.9 years and a weighted average lease term remaining of 7.0 years. ALC sold four aircraft during the quarter resulting in approximately $87 million in sales