Air Lease Corporation Activity Update for the Fourth Quarter of 2024

LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced an update on aircraft investments, sales, and significant financing activities occurring in the fourth quarter of 2024.

As of December 31, 2024, ALC’s fleet was comprised of 489 owned aircraft and 60 managed aircraft, with 269 new aircraft on order from Airbus and Boeing set to deliver through 2029.

Aircraft Investments

• Delivered 18 new aircraft from ALC’s orderbook including eight Airbus A220s, three Airbus A321neos, two Airbus A330-900neos, two Boeing 737-8s, and three Boeing 787-10s.
• Aircraft investments in the quarter totaled approximately $1.3 billion.

Sales

• Sold 14 aircraft to third-party buyers.
• Aircraft sales proceeds for the quarter totaled approximately $540 million.

Financing

• Closed a new $966.5 million unsecured term loan facility that matures in December of 2027.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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)

Air Lease Corporation is a leading global 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 new commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. The company routinely posts information that may be important to investors in the “Investors” section of its website at www.airleasecorp.com. Investors and potential investors are encouraged to consult Air Lease Corporation’s website regularly for important information. The information contained on, or that may be accessed through, ALC’s website is not incorporated by reference into, and is not a part of, this press release.