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Air Lease generates $87M in 2Q aircraft sales

  • Air Lease (NYSE:AL) has reported 2Q20 revenue of $87M from the sales of three aircraft to Thunderbolt Aircraft Lease Limited III and one to a third-party buyer.
  • One new Airbus A320neo has been delivered from the order book, with ALC’s fleet now comprising of 301 owned aircraft and 81 managed aircraft as at June 30. Additionally, 398 new aircraft on order from Boeing and Airbus are set to deliver through 2026.
  • On the financing front, the company has issued $850M 3.375% senior unsecured notes due 2025 in 2Q20.

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