Air Lease delivered 19 new aircraft in Q2, sold eight for about $600 million

Air Lease Corp. (AL) said Tuesday it delivered 19 new aircraft in the second quarter, including three Airbus A220-300s, two Airbus A320neos, seven Airbus A321neos, two Airbus A330-900neos, one Airbus A350-900, one Airbus A350-1000, two Boeing 737-9s, and one Boeing 787-9. The aircraft leasing company said its fleet was comprised of 448 owned aircraft and 80 managed aircraft, with 359 new aircraft on order from Boeing (BA) and Airbus set to deliver through 2029. The company sold eight aircraft to third-party buyers for about $600 million. It entered about $900 million of financing transactions in the quarter. The stock has gained 9% in the year to date, while the S&P 500 has gained 15%.

-Ciara Linnane

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07-11-23 0713ET

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