Air Lease Corporation Announces Lease Placement of Four New Airbus A321XLR Aircraft with Air Transat

Today Air Lease Corporation (NYSE: AL) announced long-term lease placements for four new Airbus A321XLR aircraft with Air Transat (Canada). Three new aircraft are confirmed to deliver to the airline starting at the end of 2025 through 2026 from ALC’s order book with Airbus. The agreement also includes an option for one additional A321XLR aircraft to be delivered in 2027.

“ALC is pleased to announce this lease placement for four new A321XLRs with Air Transat and be the first to introduce the XLR to the Canadian airline,” said Steven Udvar-Házy, Executive Chairman of Air Lease Corporation. “The A321XLR will bring new levels of comfort and excellent service to Air Transat’s passengers, while providing significant enhancements to the airline’s operational efficiency.”

"Air Transat's new leasing agreement with our long-trusted partner ALC represents another key milestone in the renewal and simplification of our fleet undertaken since 2017. Along with A321LRs, XLRs figure as a cornerstone of Transat's 2022-2026 strategic plan. These aircraft can improve the quality of our transatlantic program by increasing the number of frequencies per week with the same capacity, representing a more attractive offer for our customers. Adding these three new XLRs to our fleet - with a fourth optional one - will allow us greater operational flexibility as this type of aircraft is very well suited to our needs across our programs annually," stated Annick Guérard, President and Chief Executive Officer of Transat.