Air Lease Corporation Places Three New Airbus A321neos on Long Term Lease With LATAM

Air Lease Corporation has placed three new Airbus A321neo aircraft on long-term lease with LATAM Airlines. The aircraft will be delivered in summer and fall 2023 from ALC’s Airbus orderbook.

On Wednesday (June 1, 2022), Air Lease Corporation (ALC) announced the placement of three new Airbus A321neos with LATAM Airlines, which will be delivered in summer and fall 2023 from ALC’s orderbook with Airbus. In Wednesday’s announcement, Air Lease Corporation’s Executive Chairman, Steven Udvar-Házy, said,

“We are pleased to announce the long-term leases of three new Airbus A321neo aircraft to the largest airline in South America: LATAM Airlines. This is another important step in LATAM’s fleet modernization and network strategy optimization.”

LATAM Airlines Group is the leading airline group in Latin America, offering service to five domestic markets (Brazil, Chile, Colombia, Ecuador and Peru) as well as international service to Europe, the United States and the Caribbean. The Group operates a fleet of Boeing 787s, as well as Airbus A350, A319, A320, A320neo, A321 aircraft. The carrier also has a fleet of 11 freighters, which will be expanded to 21 freighters by 2023. LATAM Airlines Group’s shares are traded on the Santiago de Chile stock exchange and its ADRs are traded on the over-the-counter markets in the U.S.

Based in Los Angeles, California, Air Lease Corporation (NYSE: AL) is a leading global aircraft leasing company. The ALC team is principally involved in the purchase of commercial aircraft and leasing them to airlines worldwide with customized leasing and financing solutions.

Source: Air Lease Corporation