Agreements

Air Lease Corporation to lease 10 young A320 to Allegiant

These A320 will provide number of advantages aligned to Allegiant’s unique business model and goals
The A320 are young, sharklet-equipped sister ships to afford efficient induction into Allegiant’s all-Airbus fleet

These leased A320 aircraft will complement Allegiant’s all-Airbus fleet and support their growing North America operations.

3 August 2021: Air Lease Corporation announced the long term lease placement for ten used Airbus A320-200 aircraft with Allegiant. 

Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation said, “We are pleased to announce this lease placement for ten used Airbus A320s with new customer, Allegiant. These young A320 ALC aircraft will complement Allegiant’s all-Airbus fleet and support their growing North America operations.” 

Robert Neal, Allegiant’s Senior Vice President for Corporate Finance and Treasurer said, “Bringing these ten aircraft into Allegiant’s fleet provides a number of advantages aligned with our unique business model and goals. As young, sharklet-equipped sister ships, they will not only afford efficient induction into our all-Airbus fleet, but will also provide years of utilization beyond the typical life of previously-operated aircraft.  This transaction will be a valuable component of our fleet plan for 2022 and beyond.”

The aircraft are scheduled to deliver to the airline beginning in fall 2021 through summer 2022.