Air Lease Agrees to Lease Placement of 19 New Airbus Aircraft with Condor

Air Lease completed an agreement for long-term lease placements for 19 new Airbus aircraft with Condor (Germany), including 17 Airbus A321neos and two A320neos. The new aircraft are scheduled to deliver to the airline starting in early 2024 through mid-2027 from Air Lease’s orderbook with Airbus. Air Lease currently leases five aircraft to Condor, including three A321s and two A320s.

“This significant lease placement for 19 Airbus new generation aircraft continues ALC’s excellent relationship with Condor, one of our key German airline customers,” Steven Udvar-Házy, executive chairman of Air Lease, said. “The A321neo and A320neo are fundamental to Condor’s fleet operations and to maintain the airline’s highly competitive position in the European market.”

“These 19 new Airbus aircraft will provide enhancements to Condor’s customer products as the airline continues to add the most modern, fuel-efficient aircraft to their expanding fleet and offer the highest quality service,” Lauren Kervick, assistant vice president of Air Lease, said.

“We are looking forward to continuing our partnership with ALC in the future. We are thankful for this collaboration, as it supports Condor in reaching its next milestones,” Ralf Teckentrup, CEO of Condor, said. “With the replacement of our entire long-haul fleet, it’s the obvious next step for us to modernize our short/medium-haul fleet as well. We consistently focus on modern technology, maximum efficiency and the highest customer comfort, and as a result, will have one of the greenest fleets in Europe.”

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