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Air Lease Corporation Places Ten Airbus A320s With Allegiant

Air Lease Corporation has placed ten used Airbus A320-200s on long-term lease with Allegiant. The aircraft will be delivered between fall 2021 through summer 2022.

Allegiant Airbus A320-200 - Courtesy Allegiant Travel Company

On Wednesday (July 28, 2021), Air Lease Corporation (ALC) announced the placement of ten used Airbus A320-200s on long-term lease with Allegiant Travel Company. The Aircraft will be delivered from fall 2021 through summer 2022.

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

“We are pleased to announce this lease placement for ten used Airbus A320s with new customer, Allegiant. These young A320 ALC aircraft will complement Allegiant’s all-Airbus fleet and support their growing North America operations.”

Also commenting on the A320 lease placement, Allegiant’s Senior Vice President of Corporate Finance and Treasurer, Robert Neal, added,

“Bringing these ten aircraft into Allegiant’s fleet provides a number of advantages aligned with our unique business model and goals. As young, sharklet-equipped sister ships, they will not only afford efficient induction into our all-Airbus fleet, but will also provide years of utilization beyond the typical life of previously-operated aircraft. This transaction will be a valuable component of our fleet plan for 2022 and beyond.”

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 1999, Las Vegas, Nevada-based Allegiant Travel Company (NASDAQ: ALGT) links passengers from small to medium cities to world-class leisure destinations with all non-stop flights and industry-low average fares. The company offers base airfares that are often half the price of a typical roundtrip ticket and operates an all-Airbus A320 Family fleet.

Source(s): Air Lease Corporation, Allegiant Travel Company


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