Air Lease Corporation (ALC) delivered fewer aircraft in the first quarter versus the year-ago period, while its financing activity increased.

The Los Angeles-based lessor says in a statement that it delivered eight new aircraft from January to March, comprising two Airbus A320neos, four A321neos, and two Boeing 787-10 Dreamliners. It also acquired one A330-300 in the secondary market.

By comparison, it delivered 11 new aircraft in the first quarter of 2019 and a higher number of widebodies. These were two A320neos, three A321neos, one A330-900neo, one A350-900, one 737 Max 8, and three 787-9s.

Meanwhile, ALC secured $1.7 billion in financing in the recently concluded quarter, compared with $950 million in Q1 2019.

The lessor issued $1.4 billion of senior unsecured medium-term notes, comprising $750 million due 2025 and $650 million due 2030, with fixed coupon rates of 2.3% and 3%, respectively. ALC also upsized its senior unsecured revolving credit facility to $6.1 billion from $5.8 billion.

In Q1 2019, it issued $700 million of 4.25% senior unsecured medium-term notes due 2024, and issued $250 million of 6.15% fixed-to-floating non-cumulative perpetual series A preferred stock.