Allegiant Air Leases 10 Airbus A320 Jets from Air Lease Corp

July 29, 2021

Allegiant Airbus A320

Allegiant has agreed to lease 10 Airbus A320-200 planes from Los Angeles-based Air Lease Corporation for delivery starting in the fall of this year.

Allegiant has started to return profits as it heads out of the severe economic downturn brought on by the worldwide health crisis. The carrier looks to take advantage of the returning flying public and ride growing momentum.

Robert Neal, Allegiant’s Senior Vice President for Corporate Finance and Treasurer, spoke of the leasing advantage with their latest move...

“Bringing these ten aircraft into Allegiant’s fleet provides a number of advantages aligned with our unique business model and goals. As young, sharklet-equipped sister ships, they will not only afford efficient induction into our all-Airbus fleet, but will also provide years of utilization beyond the typical life of previously-operated aircraft. This transaction will be a valuable component of our fleet plan for 2022 and beyond.”

Air Lease Corp Executive Chairman and Founder, Steven Udvar-Hazy, echoed Allegiant SVP Neal's comments on their growth plans...

“We are pleased to announce this lease placement for ten used Airbus A320s with new customer, Allegiant,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation.  “These young A320 ALC aircraft will complement Allegiant’s all-Airbus fleet and support their growing North America operations.” 

About Air Lease Corporation (NYSE: AL)

ALC is a leading aircraft leasing company based in Los Angeles, California that has airline customers throughout the world.  ALC and its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions.  ALC routinely posts information that may be important to investors in the “Investors” section of ALC’s website at Investors and potential investors are encouraged to consult the ALC website regularly for important information about ALC. The information contained on, or that may be accessed through, ALC’s website is not incorporated by reference into, and is not a part of, this press release.

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