Air Lease Corporation Announces Lease Placement of 19 New Airbus Aircraft with Condor
August 16 2022 - 6:31AM
Business Wire
Today Air Lease Corporation (NYSE: AL) announced long-term lease
placements for 19 new Airbus aircraft with Condor (Germany),
including 17 Airbus A321neos and two A320neos. The new aircraft are
scheduled to deliver to the airline starting in early 2024 through
mid-2027 from ALC’s order book with Airbus. ALC currently leases
five aircraft to Condor, including three A321s and two A320s.
“This significant lease placement for 19 Airbus new generation
aircraft continues ALC’s excellent relationship with Condor, one of
our key German airline customers,” said Steven Udvar-Házy,
Executive Chairman of Air Lease Corporation. “The A321neo and
A320neo are fundamental to Condor’s fleet operations and to
maintain the airline’s highly competitive position in the European
market.”
“These 19 new Airbus aircraft will provide enhancements to
Condor’s customer products as the airline continues to add the most
modern, fuel-efficient aircraft to their expanding fleet and offer
the highest quality service,” added Lauren Kervick, Assistant Vice
President of Air Lease Corporation.
“We are looking forward to continuing our partnership with ALC
in the future. We are thankful for this collaboration as it
supports Condor in reaching its next milestones,” says Ralf
Teckentrup, CEO of Condor. “With the replacement of our entire
long-haul fleet, it‘s the obvious next step for us to modernize our
short/medium-haul fleet as well. We consistently focus on modern
technology, maximum efficiency and the highest customer comfort and
as a result, will have one of the greenest fleets in Europe.”
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 Condor
As Germany's most popular leisure airline, Condor has been
taking its guests to the world's most beautiful holiday
destinations for more than 66 years. Every year, more than nine
million guests fly with Condor from the nine largest airports in
Germany, from Zurich in Switzerland and Vienna in Austria to around
90 destinations in Europe, Africa and America. Condor operates a
fleet of over 50 aircraft, which are maintained by the company's
own maintenance operation, Condor Technik GmbH, according to the
highest safety standards at the Frankfurt and Dusseldorf
locations.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220816005355/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
Air Lease (NYSE:AL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Air Lease (NYSE:AL)
Historical Stock Chart
From Apr 2023 to Apr 2024