Air Lease Corporation (NYSE:AL) Q4 2022 Earnings Call Transcript

Steve Hazy: Yes. I mean, part of the supply chain problem is the engine situation with CFM, the LEAP engine, both on the 737 family and on the A320, A321 family. And then Pratt & Whitney on the GTF engine just can’t supply enough to either Airbus Canada, the 220s or to Airbus on the A320, A321s. And to also answer your question last year, we had delays on some aircraft that were like two to three months, and we had delays on, for example, on A321neo that was nine months. So — and we’ve had everything else in between. I can’t give you a mathematical average, but it’s certainly worse than three months, and it’s not getting any better.

Ron Epstein: Got it. Alright, great. Thank you very much.

Operator: There are no further questions at this time. Mr. Arnold, I turn the call back over to you.

Jason Arnold: Thanks, Regina, and thank you, everyone, for your time participating in our fourth quarter call today. We look forward to speaking with you again when we report our first quarter results. Operator, please disconnect the line, and thank you very much.

Operator: This concludes today’s conference call. You may now disconnect.