![](https://cdn.benzinga.com/files/imagecache/2048x1536xUP/images/story/2022/04/12/industrial_pic.jpg)
- Air Lease Corp (NYSE:AL) provided an update on aircraft investments, sales, and new significant financing for Q1 of 2022.
- The fleet consisted of 391 owned aircraft and 93 managed aircraft as of March 31, 2022, with 451 new aircraft on order from Boeing Co (NYSE:BA) and Airbus SE (OTC:EADSF) (OTC:EADSY) set to deliver through 2028.
- Air Lease delivered eight new aircraft and purchased one incremental Boeing 737-800, which was leased to a customer.
- Aircraft investments in the quarter totaled ~$490 million.
- The company issued $1.5 billion of senior unsecured medium-term notes.
- In March, AL terminated leases for all aircraft on lease to Russian airline customers.
- Price Action: AL shares closed higher by 0.53% at $41.99 on Monday.