Air Lease Registers Q1 Aircraft Investments Of $490M

April 12, 2022 8:59 AM | 1 min read |

Air Lease Corp AL provided an update on aircraft investments, sales, and new significant financing for Q1 of 2022.
The fleet consisted of 391 owned aircraft and 93 managed aircraft as of March 31, 2022, with 451 new aircraft on order from Boeing Co BA and Airbus SE EADSF EADSY set to deliver through 2028.
Air Lease delivered eight new aircraft and purchased one incremental Boeing 737-800, which was leased to a customer.
Aircraft investments in the quarter totaled ~$490 million.
The company issued $1.5 billion of senior unsecured medium-term notes.
In March, AL terminated leases for all aircraft on lease to Russian airline customers.
Price Action: AL shares closed higher by 0.53% at $41.99 on Monday.

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