ALC Signs LOI for 100 Airbus Aircraft

Tue, 18 June 2019

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ALC Signs LOI for 100 Airbus Aircraft

Air Lease Corporation (ALC), the Los Angeles-based aircraft leasing company, has signed a Letter of Intent for 100 Airbus aircraft, including for the first time 50 A220-300s and 27 A321XLRs.

The agreement also includes an incremental order for 23 additional A321neos.

This latest order takes ALC’s cumulative orders to 387 Airbus aircraft, making it Airbus’ third largest lessor customer.

The A220, previously the Bombardier C Series, is purpose built for the 100-150 seat market and is powered by Pratt & Whitney’s latest-generation PW1500G geared turbofan engines.

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.

The A321XLR is the next evolutionary step from the A321LR which responds to market needs for even more range and payload. From 2023, it will deliver an unprecedented range of up to 4,700nm – 15% more than the A321LR.

The extra range will enable operators to open new routes such as India to Europe or China to Australia, as well as further extending the Family’s non-stop reach on direct transatlantic flights between continental Europe and the Americas.

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