Air Lease will conduct long-term lease placements for 15 new Airbus A321XLR aircraft with Air Canada. The new aircraft are scheduled to deliver in 2024 and 2025 from Air Lease’s orderbook with Airbus.

“We’re honored to significantly expand our long-term relationship with Air Canada with the lease of these 15 advanced-technology, environmentally friendly A321XLR aircraft, which will facilitate significant network expansion with the highest levels of service and comfort for Air Canada’s passengers,” John L. Plueger, CEO and president of Air Lease, said.

“This agreement with Air Lease is key to Air Canada achieving its sustainability goals of lowering costs and moving forward on our emission reduction and other ESG objectives through fleet renewal. Moreover, this partnership with one of the world’s leading aircraft leasing companies is an important endorsement of Air Canada’s long-term strategic vision to remain a highly competitive, top global airline,” Amos Kazzaz, executive vice president and CFO of Air Canada, said.