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ALC and Spirit Airlines sign lease agreements for 15 Airbus aircraft

Spirit Airlines' A320neo take off ©Airbus

Air Lease Corporation has announced a long-term lease placement for ten new A321-200neo aircraft and the sale and lease-back of five new -200neo aircraft with Airlines. The five A320neos are scheduled to deliver to in 2021 and 2022 and will be owned by one of ALC's managed aircraft ventures through funds managed by Waterfall Asset Management. The ten A321neos are scheduled to deliver to Spirit Airlines from ALC's orderbook with Airbus beginning in 2023 through 2024.

“We appreciate our partnership with ALC on the financing of 15 new aircraft delivering now through 2024. This partnership helps us to achieve our previously announced capacity plans for 2022 and 2023, and our targeted growth in 2024, as we invest in the guest and deliver exciting new destinations,” said Scott Haralson, Chief Officer of Spirit Airline.

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