Air Lease Corporation Announces Lease Placement of Four New Airbus A321XLR Aircraft with Air Transat
08 September 2022 - 9:05PM
Business Wire
Today Air Lease Corporation (NYSE: AL) announced long-term lease
placements for four new Airbus A321XLR aircraft with Air Transat
(Canada). Three new aircraft are confirmed to deliver to the
airline starting at the end of 2025 through 2026 from ALC’s order
book with Airbus. The agreement also includes an option for one
additional A321XLR aircraft to be delivered in 2027.
“ALC is pleased to announce this lease placement for four new
A321XLRs with Air Transat and be the first to introduce the XLR to
the Canadian airline,” said Steven Udvar-Házy, Executive Chairman
of Air Lease Corporation. “The A321XLR will bring new levels of
comfort and excellent service to Air Transat’s passengers, while
providing significant enhancements to the airline’s operational
efficiency.”
"Air Transat's new leasing agreement with our long-trusted
partner ALC represents another key milestone in the renewal and
simplification of our fleet undertaken since 2017. Along with
A321LRs, XLRs figure as a cornerstone of Transat's 2022-2026
strategic plan. These aircraft can improve the quality of our
transatlantic program by increasing the number of frequencies per
week with the same capacity, representing a more attractive offer
for our customers. Adding these three new XLRs to our fleet - with
a fourth optional one - will allow us greater operational
flexibility as this type of aircraft is very well suited to our
needs across our programs annually," stated Annick Guérard,
President and Chief Executive Officer of Transat.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including expected delivery dates. Such statements are based
on current expectations and projections about our future results,
prospects and opportunities and are not guarantees of future
performance. Such statements will not be updated unless required by
law. Actual results and performance may differ materially from
those expressed or forecasted in forward-looking statements due to
a number of factors, including those discussed in our filings with
the Securities and Exchange Commission.
About Air Lease Corporation (NYSE: AL)
Air Lease Corporation is a leading global aircraft leasing
company based in Los Angeles, California that has airline customers
throughout the world. ALC and its team of dedicated and experienced
professionals are principally engaged in purchasing new commercial
aircraft and leasing them to its airline customers worldwide
through customized aircraft leasing and financing solutions. The
company routinely posts information that may be important to
investors in the “Investors” section of its website at
www.airleasecorp.com. Investors and potential investors are
encouraged to consult Air Lease Corporation’s website regularly for
important information. The information contained on, or that may be
accessed through, ALC’s website is not incorporated by reference
into, and is not a part of, this press release.
About Air Transat
Founded in Montreal 35 years ago, Air Transat is a leading
leisure travel brand. Voted World’s Best Leisure Airline by
passengers at the Skytrax World Airline Awards, it flies to
international, transborder and Canadian destinations, striving to
serve its customers with enthusiasm and friendliness at every stage
of their trip or stay, and emphasizing safety throughout. It is
renewing its fleet with the greenest aircraft in their category as
part of a commitment to a healthier environment, knowing that this
is essential to its operations and the magnificent destinations it
offers. Air Transat is a business unit of Transat A.T. Inc. (TSX:
TRZ). To find out more, visit airtransat.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220908005458/en/
Investors: Jason Arnold Vice President, Investor Relations
Email: investors@airleasecorp.com Media: Laura Woeste Senior
Manager, Media and Investor Relations Email: press@airleasecorp.com
Ashley Arnold Manager, Media and Investor Relations Email:
press@airleasecorp.com
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