Air Lease Announces Lease Placement of 13 New Boeing 737 Aircraft with Alaska Airlines

Air Lease announced long-term lease placements for 13 new Boeing 737-9 new technology aircraft with Alaska Airlines. These new aircraft are scheduled to deliver between the second half of 2021 through the end of 2022 from Air Lease’s order book with Boeing.

Alaska Airlines also confirmed to sell 10 young Airbus A320-200 aircraft, acquired by the airline in the acquisition of Virgin America, to Air Lease. Alaska Airlines and Air Lease agreed that the airline will lease these 10 A320 aircraft back from Air Lease on terms that align with Alaska Airlines’ fleet modernization and rationalization over the next few years.

“We are honored and pleased to renew our long association and partnership with our friends at Alaska Airlines,” Steven F. Udvar-Házy, executive chairman of Air Lease, said. “These leased Boeing 737-9 aircraft from ALC will fill an important role on Alaska’s diverse route network, bringing the most technologically advanced and environmentally attractive aircraft type into Alaska’s fleet just in time, as we expect the airline industry will undergo a sustainable recovery starting in 2021.”

“Alaska’s relationship with Steve dates back to the early 1980s and we’re thrilled to work with him and ALC on an agreement that will enhance our fleet and advance our environmental, operational and financial performance,” Brad Tilden, chairman and CEO of Alaska Air Group, said. “We found an opportunity to sell 10 planes that are not in our long-term plans and replace them with 13 of the most efficient narrow-body aircraft available.”

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