Benzinga | Oct 8, 2021 06:31AM EDT

Air Lease Reports Co.'s Fleet Comprised Of 370 Owned Aircraft, 89 Managed Aircraft As Of Sept. 30, 2021

Today Air Lease Corporation (NYSE:AL) announced an update on aircraft investments, sales, and new significant financing occurring in the third quarter of 2021.

As of September 30, 2021, ALC's fleet was comprised of 370 owned aircraft and 89 managed aircraft, with 320 new aircraft on order from Boeing and Airbus set to deliver through 2027.

Aircraft Investments

* Delivered sixteen new aircraft from ALC's order book including one Airbus A320neo, six Airbus A321neos, seven Boeing 737-8s, and two Boeing 737-9s

* Aircraft investments in the quarter totaled approximately $800 million, with the majority occurring in the second half of the quarter

Sales

* No aircraft sales occurred during the quarter

Financing

* Issued $1.1 billion of senior unsecured medium-term notes comprised of $600 million of 0.80% senior unsecured medium-term notes due 2024, and $500 million of 2.10% senior unsecured medium-term notes due 2028

* Upsized senior unsecured revolving credit facility to $6.5 billion from $6.4 billion