Air Lease Corporation has updated the market on aircraft investments, sales, and new significant financing occurring in the fourth quarter of 2021.
As of December 31, 2021, ALC’s fleet was comprised of 382 owned aircraft and 92 managed aircraft, with 416 new aircraft on order from Boeing and Airbus set to deliver through 2028.
During the quarter, ALC delivered fifteen new aircraft from ALC’s order book including seven Airbus A321neos, three Airbus A350-1000s, one Boeing 737-8, and four Boeing 737-9s.
Aircraft investments in the quarter totalled approximately $1.2 billion, with the majority occurring in the second half of the quarter. ALC sold three aircraft to third-party buyers.
Also during the quarter, the lessor issued $300 million of 4.125% fixed-rate reset non-cumulative perpetual series C preferred stock, and upsized its senior unsecured revolving credit facility to $6.8 billion from $6.5 billion.