Air Lease Corp. signs lease agreements for 25 aircraft

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Published: June 15, 2011

Air Lease Corp. signed lease agreements for 25 additional aircraft as it focuses on “providing innovative fleet solutions for airlines around the world,” said ALC Senior VP Kishore Korde. 

According to ALC, it has entered into a long-term lease agreement with TRIP Linhas Aereas for six new ATR 72-600s and six new Embraer 190LRs for delivery between July 2011 and October 2012. ALC is leasing four new Embraer 190s to Bulgaria Air, with deliveries set for March, April, June and November 2012. It signed a 12-year lease agreement with Garuda Indonesia Airlines for a new Airbus A330-200, and is leasing an additional new A330-300 to Asiana Airlines for delivery in September 2012.  

Previously unannounced from prior quarters, ALC said it acquired seven additional Boeing 737-800s on lease to six operators, comprising two to Hainan Airlines and one each to Shanghai Airlines, Caribbean Airlines, Sun Express (Turkey), Xiamen Airlines and Sunwing (Canada).

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