ALC increases portfolio with three A350s and one A321

Courtesy Airbus

Air Lease Corporation (NYSE: AL), the Los Angeles based aircraft leasing company announced a firm order for three A350-900s and one A321 at the Farnborough Airshow to meet strong market demand for more modern and fuel-efficient aircraft.

Including today’s announcement, ALC’s portfolio of Airbus aircraft stands at a total of 267, of which 70 are widebodies (16 A330ceo, 25 A330neo, 24 A350-900, 5 A350-1000) and 197 are single-aisles (30 A320ceo, 22 A320neo, 27 A321ceo, 118 A321neo).

“These additional A350 and A321 aircraft were needed to fill ongoing customer lease placements as we continue to experience strong A350 and A321 demand,” said John L. Plueger, Air Lease Corporation’s CEO and President.

The world’s latest generation airliner, the A350 XWB, is the newest member of Airbus’ modern, comfortable & efficient widebody product family. Offering customers a game-changing reduction in fuel-burn, the long-range A350 XWB features the latest aerodynamic design, carbon fiber fuselage and wings, plus new fuel-efficient Rolls-Royce Trent XWB engines.

Source Airbus / Edited By Airline Adviser 07/11/16