Air Lease Corporation places 6 Airbus A321neo aircraft with Azores Airlines

Air Lease Corporation (NYSE:AL) has reported Azores Airlines SATA International (Portugal) has committed to lease six new Airbus A321neo aircraft including four A321LR versions, the company said.

The CFM Leap 1A engine-powered aircraft from ALC´s order book with Airbus will deliver between the fourth quarter of 2017 and early 2021.

By way of a transatlantic network, these aircraft will connect Portugal and Azores to cities in the United States and Canada, including Boston, Oakland, Providence, Toronto and Montreal, in addition to major Western European cities.

Air Lease Corporation is an aircraft leasing company based in Los Angeles, California that purchases commercial aircraft and leases them to its airline customers through customized aircraft leasing and financing solutions.

Azores Airlines SATA International operates domestic flights in Portugal and has scheduled services between the Azores and the United States and Canada, and between mainland Portugal and North America. The company operates a fleet of Airbus A310s, A320s and A330-200.