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Air Lease Inks Long-Term Lease Placements With Germany's Condor

Benzinga Real-time News · Aug 16, 2022 10:50

AL +0.73% EADSF +0.54%

Air Lease Corp (NYSE:AL) announced long-term lease placements for 19 new Airbus SE (OTC:EADSF) aircraft with Condor (Germany), including 17 Airbus A321neos and two A320neos.
The new aircraft are scheduled to deliver in early 2024 through mid-2027. Air Lease currently leases five aircraft to Condor, including three A321s and two A320s.
"These 19 new Airbus aircraft will provide enhancements to Condor's customer products as the airline continues to add the most modern, fuel-efficient aircraft to their expanding fleet and offer the highest quality service," said Lauren Kervick, Assistant Vice President of Air Lease.
Price Action: AL shares are trading higher by 1.49% at $40.90 on the last check Tuesday.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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