Air Lease signed a long term lease agreement for one Airbus A320-200neo with Atlantic Airways, the national airline of the Faroe Islands.

The A320-200neo is the second of two A320neo aircraft leased to Atlantic Airways and will deliver in April 2020 from ALC’s order book with Airbus.

“ALC is delighted to announce this second A320-200neo lease placement with Atlantic Airways,” said Steven F. Udvar-Házy, Air Lease executive chairman. “The A320neo will enhance the airline’s fleet operations and exceptional passenger service connecting the Faroe Islands with the world.”

“Atlantic Airways looks very much forward to the lease of the two modern and fuel-efficient Airbus A320-200neo from Air Lease,” said Jóhanna á Bergi, CEO of Atlantic Airways. “The A320-200neo will increase our seat capacity, enhance passenger experience and Atlantic Airways’ operations as a national carrier, air bridge and lifeline.”

Based in Los Angeles, Air Lease is an aircraft leasing company that principally purchases commercial aircraft and leases them to its airline customers worldwide through customized aircraft leasing and financing solutions.

Atlantic Airways is an international company which currently employs around 172 people and provides regular service between the Faroes and a range of cities in Denmark as well as neighboring countries, with direct routes to Copenhagen, Billund, Aalborg, Bergen, Reykjavik, Edinburgh, Barcelona, Mallorca, Lisbon, Malta and Gran Canaria. Its fleet consists of three aircraft and two helicopters.