Air Lease Corporation to order 100 aircraft, including the new A321XLR

By Airline Adviser | June 24, 2019
Courtesy Airbus

Le Bourget – Air Lease Corporation (ALC) (NYSE: AL), the Los Angeles-based aircraft leasing company, has signed a Letter of Intent (LoI) for 100 Airbus aircraft, including for the first time 50 A220-300s and 27 A321XLRs. The agreement also includes an incremental order for an additional 23 A321neos.

The A220 is the only aircraft purpose built for the 100-150 seat market; it delivers unbeatable fuel efficiency and widebody passenger comfort in a single-aisle aircraft. The A220 brings together state-of-the-art aerodynamics, advanced materials and Pratt & Whitney’s latest-generation PW1500G geared turbofan engines to offer at least 20 percent lower fuel burn per seat compared to previous generation aircraft. The A220 offers the performance of larger single-aisle aircraft.

With an order book of 536 aircraft at the end of May 2019, the A220 has all the credentials to win the lion’s share of the 100- to 150-seat aircraft market estimated to represent at least 7,000 aircraft over the next 20 years.

Source Airbus / Edited By Airline Adviser 06/24/19

Posted in Air Lease Corporation, Airbus, Airline Adviser