ALC Announces 2nd Placement of Airbus A320-200neo with Atlantic Airways

Air Lease Corporation (NYSE: AL; “ALC”) announced a long term lease agreement for one Airbus A320-200neo with Atlantic Airways, the national airline of the Faroe Islands. This A320-200neo is the second of two A320neo aircraft leased to Atlantic Airways and will deliver in April 2020 from ALC’s order book with Airbus.

“ALC is delighted to announce this second A320-200neo lease placement with Atlantic Airways,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “The A320neo will enhance the airline’s fleet operations and exceptional passenger service connecting the Faroe Islands with the world.”

“Atlantic Airways looks very much forward to the lease of the two modern and fuel-efficient Airbus A320-200neo from Air Lease Corporation,” said Jóhanna á Bergi, CEO of Atlantic Airways. “The A320-200neo will increase our seat capacity, enhance passenger experience and Atlantic Airways’ operations as a national carrier, air bridge and lifeline.”

Source: Air Lease Corporation
Date: Oct 17, 2018