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Joe Breitfeller

Air Lease Corporation Delivers First of Eight New Airbus A321s to LATAM Airlines

Air Lease Corporation has delivered the first of eight new Airbus A321s to LATAM Airlines from the lessor’s orderbook with Airbus.  Two additional A321neos will be delivered to the carrier in 2023 and 2024, followed by five A321XLRs in 2025-2026.


LATAM Airlines Airbus A321XLR and A321neo Rendering - Courtesy Airbus

On Tuesday (November 21, 2023), Air Lease Corporation (ALC) announced the delivery of the first of eight Airbus A321neos on lease to LATAM Airlines from the lessor’s orderbook with Airbus.  The South American carrier will receive two further Airbus A321-200neos from ALC in 2023 and 2024, plus five Airbus A321XLRs (Xtra-Long-Range) aircraft from 2025 through 2026. 


In Tuesday’s announcement, Air Lease Corporation’s Executive Chairman, Steven Udvar-Házy, said,


“ALC is pleased to announce our first A321-200neo delivery to LATAM Airlines today.  With this new A321-200neo aircraft, LATAM adds to the airline’s fleet modernization program by obtaining the most advanced technology aircraft to optimize and grow the carrier’s expanding international route network.”


LATAM Airlines Group S.A. is the leading airline group in Latin America, offering service in five domestic markets (Brazil, Chile, Colombia, Ecuador and Peru) as well as international service within Latin America and to Europe, Oceania, the United States and the Caribbean.  The Group operates a fleet of Boeing 767, 777, and 787s, as well as Airbus A319, A320, A320neo, A321 and A321neo aircraft.  LATAM Cargo Chile, LATAM Cargo Colombia and LATAM Cargo Brazil are the LATAM Airlines freight subsidiaries.  In addition to passenger aircraft belly hold cargo capacity, the Group operates a fleet of 18 dedicated freighters, which will be expanded to 20 by 2024.


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 118 airlines across 63 countries.


 

Source(s): Air Lease Corporation, LATAM Airlines

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