Air Lease Agrees to Lease Placement of 4 New Airbus A321XLR Aircraft with Air Transat

Air Lease agreed to long-term lease placements for four new Airbus A321XLR aircraft with Air Transat in Canada. Three new aircraft are confirmed to deliver to the airline starting at the end of 2025 through 2026 from Air Lease’s order book with Airbus. The agreement also includes an option for one additional A321XLR aircraft to be delivered in 2027.

“ALC is pleased to announce this lease placement for four new A321XLRs with Air Transat and be the first to introduce the XLR to the Canadian airline,” Steven Udvar-Házy, executive chairman of Air Lease, said. “The A321XLR will bring new levels of comfort and excellent service to Air Transat’s passengers while providing significant enhancements to the airline’s operational efficiency.”

“Air Transat’s new leasing agreement with our long-trusted partner, ALC, represents another key milestone in the renewal and simplification of our fleet undertaken since 2017,” Annick Guérard, president and CEO of Transat, said. “Along with A321LRs, XLRs figure as a cornerstone of Transat’s 2022-2026 strategic plan. These aircraft can improve the quality of our transatlantic program by increasing the number of frequencies per week with the same capacity, representing a more attractive offer for our customers. Adding these three new XLRs to our fleet — with a fourth optional one — will allow us greater operational flexibility, as this type of aircraft is very well suited to our needs across our programs annually.”

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