Air Lease entered agreements for long-term lease placements for four new Airbus A320neo aircraft with Volaris. Two of the aircraft are from Air Lease’s order book with Airbus and two are from sale-leasebacks acquired from a third party by one of Air Lease’s management vehicles. The four new A320neos are set to deliver during the remainder of Q2/21.

“ALC is pleased to further expand its relationship with Volaris, Mexico’s largest airline,” John L. Plueger, CEO and president of Air Lease, said. “These aircraft will play a key role satisfying the strong summer traffic demand that Volaris is forecasting. Further, these transactions illustrate another successful pairing of a sale-leaseback under our management business combined with direct placements from ALC’s order book.”

Volaris is an ultra-low-cost carrier with point-to-point operations serving Mexico, the United States and Central America.