Today Air Lease Corporation (NYSE: AL) announced a long-term lease agreement for one new Airbus A321-200neo aircraft with Pegasus Airlines (Turkey). Scheduled to deliver in Spring 2023, this aircraft will deliver to the airline from ALC’s order book with Airbus.

“ALC is pleased to announce these lease placements with Pegasus Airlines today”

Pegasus Airlines also confirmed to sell four young Boeing 737-800 aircraft to ALC as part of a sale-leaseback transaction. The airline will lease these four 737 aircraft back from ALC.

“ALC is pleased to announce these lease placements with Pegasus Airlines today,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “This deal aligns with Pegasus Airlines’ fleet modernization and rationalization efforts to advance the airline’s environmental, financial and operational performance.”