Azores Airlines To Lease Six New A321neos With Air Lease Corp. - Quick Facts

(RTTNews) - Air Lease Corp. (AL) announced that Azores Airlines SATA International (Portugal) has committed to lease six new Airbus A321neo aircraft including four A321LR versions. The aircraft from ALC's order book with Airbus will deliver between the fourth quarter of 2017 and early 2021.

Paolo Menezes, CEO of Azores Airlines said, "We are very pleased with this historic aircraft renewal project and the commitment to lease six new A321neos with ALC, who has a long-term business relationship with SATA. These aircraft are ideal new jets for our airline and ALC provided outstanding creativity, economics and strategic advantages in this important transaction."