Air Lease Corporation Announces the Placement of Two Airbus A320-200s with IndiGo

Air Lease Corporation (NYSE:AL) announced lease agreements for two IAE V2527-powered Airbus A320-200s with IndiGo, India’s largest passenger airline by market share. Both aircraft are scheduled to deliver in Q3 2018.

“We are pleased to announce these two A320-200 lease placements with IndiGo, a new customer for ALC,” said Kishore Korde, Executive Vice President of Air Lease Corporation. “IndiGo has become the benchmark that many other leading low-cost airlines measure themselves against. India is a very high growth airline market and ALC is pleased to contribute to the dynamic development of airline expansion in India with these aircraft placements.”