Air Lease Corporation AL provided an update on its aircraft investments, sales and financing activities that took place in the fourth quarter of 2021.As of Dec 31, 2021, AL’s fleet comprised of 382 owned (indicating a rise from 370 owned as of Sep 30, 2021) and 92 managed aircraft, with 416 new aircraft on order from Boeing and Airbus set to be delivered through 2028. The company delivered 15 new aircraft from its order book, including seven Airbus A321neo, three Airbus A350-1000, one Boeing 737-8 and four Boeing 737-9 jets. Growth in Air Lease’s fleet is expected to have aided its top line in the fourth quarter.During the fourth quarter, Air Lease made aircraft investments of approximately $1.2 billion, the majority of which was made in the second half of the quarter. The company sold three aircraft to third-party buyers in the quarter.Air Lease Corporation Price Air Lease Corporation price | Air Lease Corporation QuoteUnder its financing activity, Air Lease issued $300 million of 4.125% fixed-rate reset non-cumulative perpetual series C preferred stock. Further, senior unsecured revolving credit facility has been upsized to $6.8 billion from $6.5 billion.Zacks Rank & Other Key PicksAir Lease sports a Zacks Rank #1 (Strong Buy). Some other top-ranked stocks within the broader Transportation sector are as follows:Expeditors International of Washington EXPD carries a Zacks Rank #1 (Strong Buy). The company has a stellar earnings surprise history. It has outperformed the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 29.1%. You can see the complete list of today’s Zacks #1 Rank stocks here.Shares of Expeditors have appreciated more than 32% in a year’s time.Global Ship Lease GSL carries a Zacks Rank #1. The company’s earnings have outperformed the Zacks Consensus Estimate in each of the preceding four quarters, the average beat being 33.8%.Shares of Global Ship Lease have gained more than 51% in a year’s time. Zacks’ Top Picks to Cash in on Artificial Intelligence This world-changing technology is projected to generate $100S of billions by 2025. From self-driving cars to consumer data analysis, people are relying on machines more than we ever have before. Now is the time to capitalize on the 4th Industrial Revolution. Zacks’ urgent special report reveals 6 AI picks investors need to know about today.See 6 Artificial Intelligence Stocks With Extreme Upside Potential>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Expeditors International of Washington, Inc. (EXPD): Free Stock Analysis Report Air Lease Corporation (AL): Free Stock Analysis Report Global Ship Lease, Inc. (GSL): Free Stock Analysis Report To read this article on Zacks.com click here.