Dubai Airshow: More orders roll in for Airbus

Airbus A321neo (Image: Airbus)
Airbus A321neo (Image: Airbus)

Following on from the first day massive order for 255 aircraft, Airbus has maintained momentum with more orders on days two and three.

Monday saw a Letter of Intent (LoI) signed by Air Lease Corportation (ALC) for 111 aircraft from across Airbus’ current product catalogue.

The list is made up of 25 A220-300s, 55 A321neos, 20 A321XLRs, four A330neos and seven A350F freighter aircraft.

ALC currently has 426 Airbus aircraft on its books.

The agreement also comes with ALC and Airbus launching a multi-million dollar ESG fund initiative. The fund will be used to invest in sustainable aviation development projects and will be opened to multiple stakeholders from other aircraft leasing and aircraft finance companies.

Steven F Udvar-Hazy, Executive Chairman of Air Lease Corporation said: “This new order announcement is the culmination of many months of hard work and dedication by both organizations to optimize and fine tune the size and scope of this large aircraft transaction in view of the rapidly growing global airline demand to modernize their jet fleets through the ALC leasing medium,”

“After lengthy and detailed consultations with several dozen of our strategic airline customers around the world, we are focusing this comprehensive order on the most desirable and in-demand aircraft types, covering the A220, A321neo, A330neo and A350 families. ALC is an international Market Leader in each of these categories of the most modern Airbus product lineup. These multi-year additions of new technology aircraft assets to ALC’s expanding portfolio will allow us to grow our revenues and profitability while satisfying our airline customer requirements.”

Other orders obtained by Airbus during the Dubai Airshow include a 28 aircraft order for Jazeera Airways. This is made up of 20 A320neo and 8 A321neo aircraft.

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