ALC Announces Delivery of New Airbus A320-200neo Aircraft to Atlantic Airways

Today Air Lease Corporation (NYSE: AL; “ALC”) announced the delivery of one new Airbus A320-200neo aircraft on long-term lease to Atlantic Airways, the national airline of the Faroe Islands.  Powered by CFM International LEAP-1A26 engines, this aircraft is the first of two A320-200neos confirmed to deliver to the airline from ALC’s order book with Airbus.  The second A320-200neo is scheduled to deliver to Atlantic Airways in Spring 2020.

“ALC is pleased to announce the delivery to Atlantic Airways of its first A320-200 neo and is excited to be part of the fleet transformation at the airline,” said Grant Levy, Executive Vice President of Air Lease Corporation.  “The A320-200neo will significantly enhance Atlantic Airways’ fleet operations by not only supporting the airline’s existing route structure but also allow the airline to grow its route network in Europe and North America.”

Atlantic Airways’ Chief Executive Officer, Jóhanna á Bergi said, “We are very pleased to receive our first Airbus A320-200neo. This will enhance passenger experience and Atlantic Airways' operations as national carrier, air bridge and life line.