Air Lease will deliver one new Airbus A321-200neo LR aircraft on long-term lease to Air Arabia. Featuring CFM International LEAP-1A engines, this is the first of six A321-200neo LRs scheduled to deliver to Air Arabia through 2020 from ALC’s order book with Airbus.
This A321-200neo LR is also ALC’s first Airbus long-range A321neo to deliver to the Lessor.
“We are pleased to announce the delivery of this first of six new A321-200neo LR aircraft with Air Arabia and be the first to introduce the A321LR to the region today,” said Steven F. Udvar-Házy, executive chairman of Air Lease. “This delivery is particularly significant as this is ALC’s first A321-200neo LR aircraft. A key addition to Air Arabia’s fleet, the A321-200neo LR offers dynamic long-range optimization and increased capacity as the airline expands into new destinations.”
“This new A321-200neo LR aircraft delivery strengthens our long-standing relationship with Air Arabia as the airline continues to excel as one of the premier airlines in the Middle East with the most technologically advanced, fuel-efficient aircraft,” added Alex Khatibi, EVP of Air Lease.
Business continues to hold steady or even improve in equipment finance, as the Top 25 Private Independents reported $7,504.5 million in new business volume for 2018, topping a record-setting 2017 with a growth of 17.2% year-over-year. Four companies achieved volume... read more
Various common types of transactions in our industry result in equipment leasing and finance companies acquiring interests in transactions that are outside the primary states in which they are located. Some examples include the very active market pursuant to which... read more