Air Lease Corporation Activity Update for the Third Quarter of 2019

LOS ANGELES--()--Today Air Lease Corporation (NYSE: AL) announced an update on activity taking place in the third quarter of 2019:

As of September 30, 2019, ALC’s fleet was comprised of 307 owned aircraft and 64 managed aircraft. As of today, ALC has commitments to acquire a total of 318 new aircraft for delivery from Boeing and Airbus through 2024.

Deliveries – Delivered 15 aircraft

  • Delivered 15 new aircraft including 2 Airbus A320neos, 6 Airbus A321neos, 1 Airbus A330-900neo, 1 Airbus A350-900, 2 Boeing 787-9s and 3 Boeing 787-10s
  • Aircraft investments in the quarter totaled approximately $1.5 billion

Sales – Sold 5 aircraft

  • Completed the sale of 5 aircraft to a third-party buyer for sales proceeds of approximately $184 million

Financing

  • Issued $1.1 billion in senior unsecured medium-term notes comprised of $600 million due 2023 at a fixed rate of 2.25% and $500 million due 2029 at a fixed rate of 3.25%

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

About Air Lease Corporation (NYSE: AL)

ALC is a leading aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. For more information, visit ALC's website at www.airleasecorp.com.

Contacts

Investors:
Mary Liz DePalma
Assistant Vice President, Investor Relations
Email: investors@airleasecorp.com

Media:
Laura Woeste
Manager, Media and Investor Relations
Email: press@airleasecorp.com

Jason Arnold
Assistant Vice President, Finance
Email: investors@airleasecorp.com

Social Media Profiles

Contacts

Investors:
Mary Liz DePalma
Assistant Vice President, Investor Relations
Email: investors@airleasecorp.com

Media:
Laura Woeste
Manager, Media and Investor Relations
Email: press@airleasecorp.com

Jason Arnold
Assistant Vice President, Finance
Email: investors@airleasecorp.com