ALC Announces Lease Placement of 3 New Airbus A321-200neo LR Aircraft with SAS

Today Air Lease Corporation (NYSE: AL; “ALC”) announced long-term lease agreements with SAS for three new Airbus A321-200neo LR aircraft, scheduled for delivery in 2020 and 2021 from ALC’s order book with Airbus.  The three new A321LR aircraft add to two A320-200neos on lease to the airline, for a total of five Airbus aircraft confirmed to deliver to SAS from ALC.

“ALC is pleased to announce this lease placement for three new Airbus aircraft with SAS and be the first to introduce the A321LR to the airline,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “The A321-200neo LR will significantly enhance SAS’ expanding fleet operations as the airline launches new intercontinental routes with the most modern, fuel-efficient aircraft.”

“The A321LR is a key addition to SAS’ fleet with the capability to reach the airline’s most important international markets, as well as new destinations in smaller markets – all from Scandinavia,” added Marc Baer, Executive Vice President of Air Lease Corporation.

“This is a completely new type of aircraft for SAS,” said Rickard Gustafson, Chief Executive Officer of SAS. “Incredibly well-adapted to the Scandinavian market and our travel patterns, we look forward to the launch of new routes and to evaluate the A321LR in service.”