ALC orders 111 Airbus aircraft – launches sustainability fund

ALC has ordered 111 Airbus aircraft at the Dubai Airshow ©Airbus

Air Lease Corporation (ALC) has signed a Letter of Intent (LoI) covering all Airbus jet families, highlighting the power of the company’s full product range. The agreement is for 25 A220-300s, 55 A321neos, 20 A321XLRs, four A330neos and includes seven A350Fs. The order which will be finalised in the coming months, making Los Angeles-based ALC one of Airbus’ largest customers and a lessor with the biggest A220 order book. Founded in 2010, ALC has ordered a total of 496 Airbus aircraft to date.

With this order ALC and Airbus are 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.

“With this major order, we underscore our confidence not only in the strong future and growth of global commercial air transport, but in ALC’s business model, in our specific aircraft purchase decisions including, for the first time, the new A350 Freighter and finally in our long-term view, that ordering new aircraft is an optimum investment of our shareholder capital,” said John Plueger, Air Lease Corporation CEO and President. “Moreover, we and Airbus hereby announce the first-ever joint ESG initiative in aircraft procurement by creating a multi-million-dollar fund for sustainable aviation development projects critical to the future”.

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