ALC Announces Lease Placement of 6 Airbus A321-200 Aircraft with Air Transat

Today Air Lease Corporation (“ALC”) (NYSE: AL) announced lease agreements with Air Transat for six Airbus A321-200 aircraft. The aircraft will deliver to the airline beginning this month through December 2019.

“ALC is very pleased to add Air Transat as a new airline customer, leasing six A321-200s to support their route network in Canada, across the Atlantic, and to the USA, Mexico and the Caribbean,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “We have a long history of working with our friends at Air Transat and this opportunity enhances our excellent relationship with the airline.”

“We are delighted to have been able to arrange the leasing of these A321 aircraft with Air Lease Corporation on such short notice,” said Jean-François Lemay, President of Air Transat. “They are replacing seasonal aircraft we were supposed to receive from Thomas Cook this winter as part of our seasonal aircraft-sharing agreement. We have known people at ALC for a long time and we are happy to work with this trusted partner, which is enabling us to have the type of aircraft we need to provide the best service to our leisure-travel customers.”