Air Lease places 5 Airbus airplanes

Air Lease Corporation (NYSE: AL) has placed three new Airbus A321-200 CEOs, one new Airbus A321-200neo and one new A320-200neo aircraft on long-term leases to WOW air (Iceland), the company said.

One A321-200 CEO delivered to the airline earlier this month, with the remaining two A321-200 CEOs delivering in Q3 and Q4 2016.

The A320-200neo and A321-200neo aircraft are scheduled to deliver in Q1 2017 and Q1 2018, respectively. ALC purchased three of the aircraft from another operator just after delivery from Airbus and the other two aircraft are from ALC´s order book with Airbus.

ALC is a leading aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions.

WOW air is an ultra-low-cost transatlantic airline. As of summer 2016, the airline will serve 29 destinations across Europe and North America including London, Frankfurt, Paris, Washington DC, San Francisco, Los Angeles, Montreal, Toronto and Boston.