In Q3, Air Lease Corp Delivered 8 New Aircrafts from ALC's Order Book, Sold 8 Aircrafts for $350M
Portfolio Pulse from Benzinga Newsdesk
Air Lease Corporation (AL) has announced its Q3 2023 activities, which include the delivery of eight new aircraft from its order book and the sale of eight aircraft for a total of $350 million. The company's fleet now consists of 448 owned and 79 managed aircraft, with 351 new aircraft on order from Boeing and Airbus set to deliver through 2029.
October 10, 2023 | 10:37 am
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Air Lease Corporation's Q3 activities included the delivery of eight new aircraft and the sale of eight aircraft for $350 million. The company's fleet now includes 448 owned and 79 managed aircraft, with 351 more on order.
The news is directly about Air Lease Corporation's Q3 activities. The delivery of new aircraft and the sale of others shows active management of their assets. However, without information on the profitability of these transactions, it's hard to predict the impact on the stock price. Hence, the score is neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100