Air Lease places 6 Airbus A321neo aircraft with Air Arabia

Air Lease Corporation (NYSE:AL) has received lease agreements for six new Airbus A321neo aircraft with Air Arabia (Sharjah, UAE), the company said.

The aircraft are from ALC´s order book with Airbus, delivering between January and October 2019.

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

Air Arabia (PJSC), is a low-cost carrier in the Middle East and North Africa, operating a total fleet of 43 new Airbus A320 aircraft, serving 120 routes from five hubs in the UAE, Morocco, Egypt and Jordan.