ALC Q3 2023 Earnings Report
Key Takeaways
Air Lease Corporation announced strong third-quarter results, driven by continued growth in the fleet and increased sales activity. The company took delivery of eight aircraft and sold eight aircraft during the quarter. ALC is optimistic about its sizable aircraft sales pipeline.
Took delivery of eight aircraft from our orderbook, representing approximately $450 million in aircraft investments, ending the period with approximately $30 billion in total assets.
Sold eight aircraft during the quarter for approximately $350 million in sales proceeds.
Placed 100% of our contracted orderbook positions on long-term leases for aircraft delivering through the end of 2025 and have placed 67% of our entire orderbook.
Ended the quarter with $31.2 billion in committed minimum future rental payments.
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Forward Guidance
This press release contains forward-looking statements regarding the airline industry, access to capital, the impact of geopolitical events, aircraft delivery delays, and macroeconomic conditions.