Air Lease Corporation (ALC) – the Los Angeles-based aircraft leasing company – has signed a Letter of Intent (LoI) for 100 Airbus aircraft.
The order includes for the first time 50 A220-300s and 27 A321XLRs. The agreement also includes an incremental order for an additional 23 A321neos.
The agreement was announced today at Paris Air Show.
Founded in 2010, this latest order takes ALC’s cumulative orders to 387 Airbus aircraft, making it Airbus’ third largest lessor customer.
The A220 is the only aircraft purpose built for the 100-150 seat market. The aircraft now has an order book of 536 aircraft at the end of May 2019. The 100- to 150-seat aircraft market is 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 Xtra Long Range of up to 4,700nm.
This will enable operators to open new world-wide routes such as India to Europe or China to Australia, as well as further extending the reach on direct transatlantic flights between continental Europe and the Americas.