Air Lease Corporation announced its activity update for the third quarter of 2024, highlighting substantial investments and financing initiatives. As of September 30, 2024, the company's fleet comprised 485 owned and 64 managed aircraft, with an additional 287 new aircraft on order from Airbus and Boeing scheduled for delivery through 2029.
During the quarter, Air Lease delivered 20 new aircraft from its orderbook, including various Airbus A220s, A321neos, A330-900neos, A350-900s, Boeing 737-8s, 787-9s, and 787-10s. Total aircraft investments for the period amounted to approximately $1.9 billion, reflecting the company's ongoing fleet modernization and expansion strategy.
The company also engaged in significant financing activities, issuing $300 million of 6.00% fixed-rate reset non-cumulative perpetual preferred stock, Series D. Additionally, Air Lease sold nine aircraft to third-party buyers, generating approximately $340 million in sales proceeds for the quarter.
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