Air Lease Corporation Announces Lease Placement of Ten Airbus A320 Aircraft with Allegiant
July 28 2021 - 8:01PM
Business Wire
Today Air Lease Corporation (NYSE: AL) announced long-term lease
placements for ten used Airbus A320-200 aircraft with Allegiant.
The aircraft are scheduled to deliver to the airline beginning in
Fall 2021 through Summer 2022.
“We are pleased to announce this lease placement for ten used
Airbus A320s with new customer, Allegiant,” said Steven F.
Udvar-Házy, Executive Chairman of Air Lease Corporation. “These
young A320 ALC aircraft will complement Allegiant’s all-Airbus
fleet and support their growing North America operations.”
“Bringing these ten aircraft into Allegiant’s fleet provides a
number of advantages aligned with our unique business model and
goals,” said Robert Neal, Allegiant’s Senior Vice President for
Corporate Finance and Treasurer. “As young, sharklet-equipped
sister ships, they will not only afford efficient induction into
our all-Airbus fleet, but will also provide years of utilization
beyond the typical life of previously-operated aircraft. This
transaction will be a valuable component of our fleet plan for 2022
and beyond.”
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)
ALC is a leading 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 commercial aircraft and leasing them to its
airline customers worldwide through customized aircraft leasing and
financing solutions. ALC routinely posts information that may be
important to investors in the “Investors” section of ALC’s website
at www.airleasecorp.com. Investors and potential investors are
encouraged to consult the ALC website regularly for important
information about ALC. 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 Allegiant
Las Vegas-based Allegiant (NASDAQ: ALGT) is an integrated travel
company with an airline at its heart, focused on connecting
customers with the people, places and experiences that matter most.
Since 1999, Allegiant Air has linked travelers in small-to-medium
cities to world-class vacation destinations with all-nonstop
flights and industry-low average fares. Today, Allegiant's
all-Airbus fleet serves communities across the nation, with base
airfares less than half the cost of the average domestic roundtrip
ticket. For more information, visit us at Allegiant.com. Media
information, including photos, is available at
http://gofly.us/iiFa303wrtF
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version on businesswire.com: https://www.businesswire.com/news/home/20210728006043/en/
Investors: Mary Liz DePalma Vice President, Investor Relations
Email: investors@airleasecorp.com
Jason Arnold Assistant Vice President, Finance 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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