On September 13, 2024, Air Lease was notified by The Boeing Company that certain union factory workers announced a labor strike. Air Lease is unable to estimate the duration of the labor strike and its implications on Boeing's ability to deliver aircraft.

Furthermore, as reported in the Company's latest 10-Q filing on August 1, 2024, the Company expected to receive 12 Boeing aircraft for the remainder of 2024, represented by 5 Boeing 737 MAX aircraft and 7 Boeing 787 aircraft. During the third quarter 2024 and prior to the announcement of the labor strike, the Company purchased 2 Boeing 737 MAX aircraft and 3 Boeing 787 aircraft.

Due to the labor strike, the Company cannot currently estimate when it will receive the remaining 7 Boeing aircraft, which were expected to be delivered in 2024, and as a result, its capital expenditures for the remainder of 2024.