Air Lease Corporation signs letter of intent for 100 Airbus aircraft

Air Lease Corporation (ALC) has signed a letter of intent for 100 Airbus aircraft which includes 50 A220-300s and 27 A321XLRs. The agreement also includes an incremental order for an additional 23 A321neos, taking ALC’s cumulative orders to 387 Airbus aircraft. With an order book of 536 aircraft at the end of May 2019, the A220 has all the credentials to win the lion’s share of the 100- to 150-seat aircraft market estimated to represent at least 7,000 aircraft over the next 20 years.