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Air Lease Corporation Places 19 New Airbus A320neo Family Aircraft With Condor

Air Lease Corporation has placed 19 New Airbus A320neo Family aircraft with Condor, including 17 Airbus A321neos and two Airbus A320neos. The aircraft will join Condor’s fleet from early 2024 through mid-2027 from ALC’s orderbook with Airbus.

Condor Airbus A321neo Rendering - Courtesy Condor

On Tuesday (August 16, 2022), Air Lease Corporation (ALC) announced the placement of 19 Airbus A320neo Family aircraft with German leisure airline Condor, including 17 A321neos and two A320neos. The new aircraft will be delivered from early 2024 through mid-2027 from ALC’s orderbook with Airbus. Currently, ALC leases five aircraft to Condor including three Airbus A321s and two A320s.

In Tuesday’s announcment, Condor’s CEO, Ralf Teckentrup, said,

“We are looking forward to continuing our partnership with ALC in the future. We are thankful for this collaboration as it supports Condor in reaching its next milestones. With the replacement of our entire long-haul fleet, it‘s the obvious next step for us to modernize our short/medium-haul fleet as well. We consistently focus on modern technology, maximum efficiency and the highest customer comfort and as a result, will have one of the greenest fleets in Europe.”

Also commenting on the lease placements, Air Lease Corporation’s Executive Chairman, Steven Udvar-Házy, said,

“This significant lease placement for 19 Airbus new generation aircraft continues ALC’s excellent relationship with Condor, one of our key German airline customers. The A321neo and A320neo are fundamental to Condor’s fleet operations and to maintain the airline’s highly competitive position in the European market.”

ALC’s Assistant Vice President, Lauren Kervick, added,

“These 19 new Airbus aircraft will provide enhancements to Condor’s customer products as the airline continues to add the most modern, fuel-efficient aircraft to their expanding fleet and offer the highest quality service.”

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.

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. Starting in Fall 2022, Condor will become the German launch customer for the Airbus A330neo.

Source(s): Air Lease Corporation, Condor


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