Air Lease Corporation commits to 111 Airbus jets

Air Lease Corporation has signed a Letter of Intent for 111 Airbus jets across the manufacturers' product range. The LOI is for 25 A220-300s, 55 A321neos, 20 A321XLRs, four A330neos and includes seven of the just-launched A350Fs. Founded in 2010, ALC has ordered a total of 496 Airbus aircraft to date. With this order, ALC and Airbus are also launching a multi-million dollar ESG fund initiative that will contribute towards investment into sustainable aviation development projects that will in the future be opened to multiple stakeholders from the aircraft leasing and financing community and beyond. READ: Sensational new finding in MH370 search  SEE: Boeing 777X puts on a stunning display at the Dubai Air Show READ: Emirates installing premium economy in 105 jets Steven F Udvar-Hazy, Executive Chairman of Air Lease Corporation said “after lengthy and detailed consultations with several dozen of our strategic airline customers around the world, we are focusing this comprehensive order on the most desirable and in demand aircraft types, covering the A220, A321neo, A330neo, and A350 families." ”ALC was the launch customer for the very popular A321LR and XLR versions. Now, we become the launch lessor for the A350F and by far the largest lessor customer for the A220. "We had the vision to be first adopters of the A321 and are convinced we have made the right choice again on the A220 and A350F, responding to what we see the market will need in the period of recovery ahead. "In addition, we are very enthusiastic to have inked a partnership for a sustainability fund which will contribute to the green future for our industry.” Christian Scherer, Airbus Chief Commercial Officer and Head of Airbus International said that “this is a major announcement for Airbus in 2021. ALC’s order signals we’re moving beyond the Covid doldrums."