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Stock impact report

Air Lease Corporation Activity Update for the Fourth Quarter of 2020

Air Lease Corporation Class A (AL) 
Last air lease corporation class a earnings: 2/14 04:05 pm Check Earnings Report
US:NYSE Investor Relations: airleasecorp.com/investors
Company Research Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced an update on aircraft investments, sales and new significant financing occurring in the fourth quarter of 2020.As of December 31, 2020, ALC’s fleet was comprised of 332 owned aircraft and 81 managed aircraft, with 361 new aircraft on order from Boeing and Airbus set to deliver through 2026.Aircraft InvestmentsDelivered ten new aircraft from ALC’s order book including two A320neos, six A321neos, one A330-900 and one A350-1000Purchased and leased back ten A320-200 aircraft and four 737-800 aircraftAircraft investments in the quarter totaled approximately $1.1 billion with the majority occurring in the second half of the quarterSales No aircraft sales occurred during the quarterFinancingIssued $1.5 billion of senior unsecured medium-term notes comprised of $750 million due 2026 at a fixed rate of 2.875% and $750 million due 2030 at a fixed rate of 3.125%Forward-Looking StatementsThis press release contains Show less Read more
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