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Air Lease Corporation Announces the Delivery of the First of 19 New Airbus A320neo Family Jets Leased to Condor

Air Lease Corporation has announced the delivery of one new Airbus A321neo to Condor.  This is the first of 19 new Airbus A320neo Family aircraft that will be delivered on lease to Condor, including 17 A321neos and two A320neos.


Condor Airbus A321neo - Courtesy Condor

On Thursday (July 19, 2024), Air Lease Corporation (ALC) announced the delivery of the first Airbus A321neo on lease to Condor.  This is part of 19 Airbus A320neo Family aircraft that will be delivered to the German leisure carrier from ALC’s orderbook with Airbus, including 17 A321neos and two A320neos.  This is in addition to three A321s and two A320s that ALC currently has on long-term lease to Condor. 


In Thursday’s announcement, Air Lease Corporation’s Executive Chairman, Steven F. Udvar-Házy, said,


“ALC is pleased to announce this significant first of 19 new Airbus aircraft delivery to Condor today.  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.”


Also commenting on the A321neo delivery to Condor, Air Lease Corporation’s Vice President, Lauren Kervick, said,


“We are thrilled to continue to build our strong relationship with Condor with our first A321neo delivery to the airline.  Our A321-200neos will fill an important role in Condor’s growing fleet and expanding route network.”


Condor’s Chief Financial Officer, Bjørn Walther, added,


“Condor is looking forward to welcome another A321neo to the fleet.  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.”


Founded in 1956, Condor Flugdienst GmbH is Germany’s favorite leisure airline and serves over nine million guests annually to 90 destinations in Europe, Africa, and America from nine German gateways, Zurich and Vienna.  The German leisure carrier has a fleet of over 50 aircraft which are meticulously maintained to the highest safety standards by their wholly owned subsidiary Condor Technik with facilities in Frankfurt and Düsseldorf.  Condor was the German launch customer for the state-of-the-art Airbus A330neo.


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.  At June 30, 2023, the company had a globally diversified customer base of 120 airlines across 62 countries.


 

Source: Air Lease Corporation

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