Air Lease Corporation firms up order for 55 Airbus aircraft

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Air Lease Corporation (ALC), the Los Angeles based aircraft leasing company, has firmed up its order for 55 Airbus aircraft, comprising of 25 A330-900neo and 30 A321LR – the very latest members of the manufacturer’s modern, fuel-efficient aircraft family.

ALC were the first to sign up for the newest member of the popular widebody family, the A330neo, announcing a commitment for 25 A330-900neo during the launch at the Farnborough International Airshow in 2014.

“We are proud to be adding these newest generation Airbus aircraft to our portfolio and to have played a part in launching these latest generation, efficient aircraft,” said Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer.

A330-900neo

ALC order 25 Airbus A330-900neo

ALC order 25 Airbus A330-900neo

“We see significant market appetite for A321LR and A330neo models, offering operators exactly what they want – even more range, even better economics and superior level of passenger comfort.”

ALC was also the first to commit to the A321LR, the newest variant of the A321neo, after signing a Memorandum of Understanding for 30 at the launch in January 2015, increasing its commitment made for 60 A321neo at the 2014 Farnborough Airshow to 90 firm A321neo aircraft.

“ALC is always ahead of the game and we are very happy to have them on board from the start with our latest A321LR and A330neo models,” said John Leahy, Chief Operating Officer, Customers.

Airbus A321LR

ALC order30  Airbus A321LR

ALC order30 Airbus A321LR

“We listen very carefully to our customers and are clearly seeing that our strategy to constantly improve our products through incremental innovations means we are able to not only meet but exceed their highest expectations.”

Including this announcement, ALC’s total firm orders for Airbus aircraft stands at 258, comprising 53 A320ceo Family, 140 A320neo Family, 15 A330 Family, 25 A350 XWB Family and 25 A330neo Family.

The A321LR, the latest member of the market leading A320neo Family, will be able to fly longer routes of up to 4,000 nm. The A321LR will provide additional flexibility as it will have the longest range of any single aisle airliner, making it ideally suited to transatlantic routes and enable airlines to tap into new long haul markets which were not previously accessible with current single aisle aircraft. With 206 passengers in a comfortable two-class layout, the A321LR offers the possibility for each passenger to carry up to three bags. First deliveries will start in 2019.

The A330-800neo and the A330-900neo are two new members of the Airbus Widebody Family launched in July 2014 with first deliveries in Q4 2017. The A330neo incorporates latest generation Rolls-Royce Trent 7000 engines, aerodynamic enhancements and new cabin features. Benefitting from the excellent economics, versatility and high reliability of the A330, the A330neo reduces fuel consumption by 14% per seat, making it the most cost efficient, medium range Widebody aircraft on the market. In addition, A330neo operators will also benefit from a range increase of up to 400 nautical miles.

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