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Air Lease Corporation Places Four New Airbus A220-300s on Lease With Czech Airlines

Air Lease Corporation (ALC) has placed four new Airbus A220-300s on lease with Czech Airlines. All four of the aircraft will be delivered to the carrier in 2024 from ALC’s order book with Airbus.

Airbus A220-300 Rendered in ALC Livery - Courtesy Airbus

On Thursday (June 1, 2023), Air Lease Corporation (ALC) announced the placement of four new Airbus A220-300s on lease with Czech Airlines. The aircraft will be delivered to the European carrier in 2024 from ALC’s existing order book with Airbus. Founded in 1923, Czech Airlines is the national flag carrier of the Czech Republic and is one of the five oldest airlines in the world. The carrier specializes in regular scheduled passenger service, focusing primarily on direct connections between Prague and key destinations throughout Europe. As a member of the global SkyTeam alliance, the carrier offers a wide range of destinations, daily frequencies and connecting services worldwide.

In Thursday’s announcement, ALC’s Executive Chairman, Steven Udvar-Házy, said,

“We are pleased to announce this lease placement for four new Airbus A220 aircraft with Czech Airlines. As the first to introduce the A220 to the airline, ALC looks forward to working with Czech Airlines long-term to modernize and enhance the airline’s fleet with the most technologically advanced and fuel-efficient new aircraft.”

Also commenting on the new lease agreements, Czech Airlines’ Chairman of the Board of Directors, Petr Kudela, added,

“These ALC A220s will greatly enhance our airline’s operational strength as we modernize our fleet with highly efficient and environmentally friendly single-aisle aircraft. Czech Airlines is pleased to launch the cooperation with the ALC team at the time we celebrate our 100th anniversary in October 2023. Thanks to a brand-new cabin configuration, the aircraft offers best in class comfort for short- and medium-haul flights. I am, therefore, convinced that this step will be appreciated particularly by our customers.”

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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