During Q2, Air Lease Corp Delivered 19 New Aircraft from ALC's Order Book, Invested $1.5B In Aircrafts, Sold 8 Aircraft to Third-Party Buyers, Made Sales Worth $600M
Portfolio Pulse from Benzinga Newsdesk
Air Lease Corporation (AL) has announced its Q2 2023 activities, which include the delivery of 19 new aircraft from its order book, $1.5 billion investment in aircraft, and the sale of 8 aircraft to third-party buyers for a total of $600 million. The company also entered into approximately $900 million of financing transactions during the quarter. As of June 30, 2023, ALC's 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.
July 11, 2023 | 10:38 am
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POSITIVE IMPACT
Air Lease Corporation's Q2 2023 activities indicate a strong investment and sales strategy, which could potentially boost its stock value in the short term.
The company's significant investment in new aircraft and successful sales to third-party buyers indicate a robust business strategy. The large order of new aircraft from Boeing and Airbus also suggests a positive future outlook, which could attract investors and drive up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Boeing is one of the suppliers for Air Lease Corporation's new aircraft orders, which could potentially have a positive impact on its stock value.
Boeing is mentioned as one of the suppliers for Air Lease Corporation's new aircraft orders. This could potentially increase Boeing's revenues and have a positive impact on its stock value.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50