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Air Lease Corporation Places Five New Airbus A321-200XLRs on Long Term Lease With LATAM

Air Lease Corporation has placed five new Airbus A321-200XLR aircraft on long-term lease with LATAM Airlines. The aircraft are scheduled for delivery from fall 2025 through 2026 from ALC’s order book with Airbus.

Airbus A321XLR Rendered in ALC Livery - Courtesy Airbus

On Thursday (October 13, 2022), Air Lease Corporation (ALC) announced the long-term lease placement of five new Airbus A321-200XLRs with LATAM Airlines. The aircraft are scheduled for delivery from fall 2025 through 2026 form ALC’s order book with Airbus.

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

“We are pleased to announce this lease placement for five new long-range Airbus A321-200 XLRs with our airline customer based in Chile, LATAM Airlines, and be the first to introduce the XLR to the airline. As the largest South American carrier, LATAM is continuing its fleet modernization program adding the most advanced technology aircraft to enhance efficiency and passenger experience. These five new ALC A321XLR jets will optimize and grow the airline’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 787s, as well as Airbus A319, A320neo, A321, and A350 aircraft. LATAM Cargo Chile, LATAM Cargo Colombia and LATAM Cargo Brazil are LATAM Airlines' freight subsidiaries. In addition to passenger aircraft belly hold cargo capacity, the Group operates a fleet of 15 dedicated freighters, which will be expanded to between 19 and 21 by 2023.

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


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