ALC Announces Lease Placement of 15 New Airbus A321XLR Aircraft with Air Canada

Today Air Lease Corporation (NYSE: AL) announced long-term lease placements for 15 new Airbus A321XLR aircraft with Air Canada.  The new aircraft are scheduled to deliver in 2024 and 2025 from ALC’s orderbook with Airbus.

“We’re honored to significantly expand our long-term relationship with Air Canada with the lease of these 15 advanced-technology, environmentally friendly A321XLR aircraft, which will facilitate significant network expansion with the highest levels of service and comfort for Air Canada’s passengers,” said John L. Plueger, Chief Executive Officer and President of Air Lease Corporation.

“This agreement with Air Lease is key to Air Canada achieving its sustainability goals of lowering costs and moving forward on our emission reduction and other ESG objectives through fleet renewal. Moreover, this partnership with one of the world’s leading aircraft leasing companies is an important endorsement of Air Canada’s long-term strategic vision to remain a highly competitive, top global airline,” said Amos Kazzaz, Executive Vice President and Chief Financial Officer at Air Canada.