Air Lease placed 12 new Airbus A321neo aircraft on long-term lease to Vietnam Airlines. Six of the aircraft will deliver in 2018 and six of the aircraft will deliver in 2019, all from ALC’s order book with Airbus.

Last year ALC announced long-term lease contracts with Vietnam Airlines for eight new Boeing 787-10s, which are scheduled to begin delivering in 2019 and continue through 2021.

“Since 2010 ALC has been working closely with the leadership of Vietnam Airlines to develop a long-term fleet plan encompassing the most modern and efficient Airbus and Boeing airplanes for the airline.  ALC has played an instrumental role in fulfilling the airline’s wide body strategy with the introduction of eight new Boeing 787-10s, and on the single aisle side, the addition of 12 new Airbus A321neos; all 20 aircraft to be leased from ALC,” said Steven F. Udvar-Házy, executive chairman of Air Lease. “We’re excited to support the development of one of the fastest growing airlines in Asia, and will continue to drive this important relationship between ALC and Vietnam Airlines.”

“Our relationship with Vietnam Airlines spans over two decades as we’ve worked together to provide new and efficient aircraft to optimize their fleet. This transaction demonstrates that our airline customers value ALC as an advisor and resource when planning the growth and replacement of their fleets,” said Jie Chen, executive vice president and managing director, Asia.