Air Lease Corporation Announces Lease Placements of Seven New Airbus A320neo Family Aircraft with Air Astana

Today Air Lease Corporation

announced long term lease agreements for seven new Airbus A320neo Family aircraft with Air Astana, the national airline of Kazakhstan. The seven aircraft include two new A320neos and five new A321neos and LRs, all from ALC's order book with Airbus. One A320neo is scheduled to deliver in Spring 2016, while the remaining six aircraft will deliver in 2018 and 2019. "We have a long history and an excellent relationship with Air Astana, and we are pleased with the opportunity to be a part of modernizing their fleet," said Alex Khatibi, Executive Vice President of Air Lease Corporation. "This lease transaction with ALC is an important part of Air Astana's fleet modernization," added Peter Foster, Chief Executive Officer of Air Astana.