Air Lease Reports Q3 Activity Update, Delivered 16 New Aircraft From Order Book

Air Lease Corp AL updated on aircraft investments, sales, and new significant financing occurring in 3Q21.
ALC's fleet comprises 370 owned and 89 managed aircraft as of September 30, 2021, with 320 new aircraft on order from Boeing Co BA and Airbus SE EADSY set to deliver through 2027.
The company delivered sixteen new aircraft from the order book, including one Airbus A320neo, six Airbus A321neos, seven Boeing 737-8s, and two 737-9s.
Aircraft investments totaled ~$800 million. No aircraft sales occurred during the quarter.
The company 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.
The company also upsized senior unsecured revolving credit facility to $6.5 billion from $6.4 billion.
Price Action: AL shares are trading higher by 0.45% at $41.71 on the last check Friday.