Air Lease Corporation Announces Lease Placement of Ten Airbus A320 Aircraft with Allegiant

LOS ANGELES, California, July 28, 2021 – Today Air Lease Corporation (NYSE: AL) announced long-term lease placements for ten used Airbus A320-200 aircraft with Allegiant.  The aircraft are scheduled to deliver to the airline beginning in Fall 2021 through Summer 2022.

“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.”

“Bringing these ten aircraft into Allegiant’s fleet provides a number of advantages aligned with our unique business model and goals,” said Robert Neal, Allegiant’s Senior Vice President for Corporate Finance and Treasurer.  “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.”