Overview of Air Lease Corporation’s Investments and Financial Activities

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Air Lease Corporation (NYSE: AL) updates on Q2 2024 aircraft investments, sales, and financial activities.

Air Lease Corporation (NYSE: AL) has released updated information on its aircraft investments, sales, and significant financial activities planned for the second quarter of 2024. As of June 30, 2024, ALC’s fleet consisted of 474 owned and 67 managed aircraft, with 307 new aircraft ordered from Boeing and Airbus to be delivered through 2029.

Aircraft Investments in Q2 2024

During the second quarter of 2024, Air Lease Corporation made significant investments in its aircraft fleet:

Delivered 13 new aircraft from ALC’s order book, including:

  • Two Airbus A220s
  • Five Airbus A321neos
  • One Airbus A330-900neo
  • One Airbus A350-900
  • Two Boeing 737-8s
  • One Boeing 737-9
  • One Boeing 787-9

Total aircraft investments for the quarter amounted to approximately $940 million, with most of the investments occurring in the latter half of the quarter.

Sales of Aircraft

Air Lease Corporation also engaged in several aircraft sales during the quarter:

  • Sold 11 aircraft to third-party buyers.
  • Generated approximately $530 million in revenue from these sales.

Financial Activities

Air Lease Corporation undertook significant financial actions to support its operations and growth:

  • Issued $600 million of unsecured medium-term notes with a 5.30% interest rate, maturing in 2026.
  • Issued $600 million of unsecured medium-term notes with a 5.20% interest rate, maturing in 2031.
Why Invest in Air Lease Corporation Stocks?

Investing in Air Lease Corporation stocks (NYSE: AL) presents a robust opportunity for those interested in the US stocks market. The company’s strategic aircraft investments, profitable sales activities, and strong financial management make it an attractive choice for investors seeking reliable returns and exposure to the aviation sector.

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