Air Lease Corporation Announces Delivery of First of 19 New Airbus Aircraft to Condor, Germany
July 18 2024 - 4:31PM
Business Wire
Today Air Lease Corporation (NYSE: AL) announced the delivery of
one new Airbus A321-200neo to Condor. This aircraft is the first of
19 new Airbus aircraft confirmed to deliver to the airline from
ALC’s orderbook with Airbus through 2027, including 17 A321-200neos
and two A320-200neos. In addition to these aircraft, ALC currently
has three A321s and two A320s on long-term lease to the
airline.
“ALC is pleased to announce this significant first of 19 new
Airbus aircraft delivery to Condor today,” said Steven F.
Udvar-Házy, Executive Chairman of Air Lease Corporation. “The
A321-200neo will modernize Condor’s jet fleet with a new standard
of fuel-efficiency, performance and passenger comfort, and continue
ALC’s leadership position as Condor’s largest aircraft Lessor.”
“We are thrilled to continue to build our strong relationship
with Condor with our first A321neo delivery to the airline,” added
Lauren Kervick, Vice President of Air Lease Corporation. “Our
A321-200neos will fill an important role in Condor’s growing fleet
and expanding route network.”
“Condor is looking forward to welcome another A321neo to the
fleet,” said Bj�rn Walther, Chief Financial Officer of Condor. “We
are delighted to have ALC onboard as our long-term partner for
further 18 narrowbody aircraft. Thanks to this strong partnership,
we will soon be offering guests on short and medium-haul routes the
most modern and efficient fleet 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240718956603/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 Senior Manager, Media and Investor Relations
Email: press@airleasecorp.com
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