Air Lease Corporation, an aircraft leasing company has announced to have received a long-term lease placement for 19 new Airbus aircraft from Condor, a German charter airline. The lease request includes 17 Airbus A321neo aircraft and two A320neo aircraft. The deliveries of the new aircraft to the airline are scheduled to begin in early 2024 and will go up to mid-2027 as mentioned in Air Lease Corporation’s order book with Airbus. ALC currently leases five aircraft to Condor, which includes three Airbus A321s and two A320s.
“This significant lease placement for 19 Airbus new generation aircraft continues ALC’s excellent relationship with Condor, one of our key German airline customers,” said Steven Udvar-Házy, Executive Chairman of Air Lease Corporation. “The A321neo and A320neo are fundamental to Condor’s fleet operations and to maintain the airline’s highly competitive position in the European market,” he further added.
The A321neo provides minimum change with maximum benefit through the availability of two advanced engine choices – CFM International’s LEAP-1A and Pratt & Whitney’s PurePower PW1100G-JM geared turbofan, along with Airbus’ fuel-saving Sharklet wingtip devices. Together, they bring per-seat fuel improvements of 20%, along with an additional range of up to 500 nm or two tonnes of extra payload.