TOMORROWS TRANSPORTATION NEWS TODAY!

Tag: LR

Air Lease Corporation announces Airbus A330-200 placement with HiSky

Today Air Lease Corporation (NYSE: AL) announced a long-term lease placement for one Airbus A330-200 aircraft with HiSky. Scheduled to deliver to the European carrier in 2023, this A330-200 aircraft joins one A319-100, four A320-200s and two A321-200neo LR aircraft currently on lease to HiSky from ALC.

“We are pleased to continue our support of HiSky Europe with the lease of this first widebody aircraft to the airline,” said David Beker, Senior Vice President, Marketing and Head of Aircraft Sales & Trading at Air Lease Corporation. “After two and a half years of steady and successful growth with their all-ALC narrowbody fleet, HiSky came to us ready to launch widebody operations and ALC is delighted to provide high-quality aircraft that will enable the carrier to realize their commercial objectives.”

“Over the past two years, we’ve experienced consistent growth that has brought us to this pivotal moment—the moment when we are prepared to acquire our first widebody aircraft. We’ve now become the fourth-largest air carrier at Romania’s primary airport and the largest operator of Airbus aircraft registered in Romania. Our partnership with ALC has undeniably proven to be a successful one. The aircraft they have provided us have been instrumental in helping HiSky achieve record-breaking passenger levels during this summer season. Having accomplished all the goals we set for ourselves over the years, we’re profoundly grateful for the trust and support of our partners as we embark on this exciting new venture,” said Iulian Scorpan, CEO of HiSky.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

 

Hola

Air Lease Announces Delivery of New Airbus A321neo LR Aircraft to Air Astana

LOS ANGELES, September 20, 2019 – Today Air Lease Corporation (“ALC”) (NYSE: AL) announced the delivery of one new Airbus A321-200neo LR aircraft on long-term lease to Air Astana.  Featuring Pratt & Whitney PW1133G engines, this aircraft is the first of seven A321-200neo aircraft scheduled to deliver to the airline from ALC’s order book with Airbus. 

“We are delighted to announce this first of seven ALC A321-200neo LR aircraft delivery to Air Astana today,” said Alex Khatibi, Executive Vice President of Air Lease Corporation.  “The A321-200neo LR is instrumental to Air Astana’s fleet modernization program to support the airline’s extended range operations and expanding route network.”

Air Lease Announces First of Eight New Airbus A321-200neo LR to Aer Lingus

LOS ANGELES, July 26, 2019 – Today Air Lease Corporation (NYSE: AL) announced the delivery of one new Airbus A321-200neo LR aircraft on long-term lease to Aer Lingus (Dublin, Ireland).  This Airbus aircraft, featuring CFM International LEAP-1A33 engines, is the first of eight A321-200neo LRs scheduled to deliver to the airline through 2020 from ALC’s order book with Airbus. 

“ALC is pleased to announce this first of eight A321-200neo LR aircraft delivery today to our long-time customer, Aer Lingus, and introduce the A321neo to the airline,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation.  “The new ALC A321neo LR will enable Aer Lingus to substantially increase the number of flights, frequencies and new destinations between Ireland and the USA and Canada.  We are honored to be a part of Aer Lingus’ ongoing fleet transition to the A321neo LR to enhance the airline’s expanding route network with the most modern, fuel-efficient aircraft.”

“This significant delivery to our good friends at Aer Lingus strengthens our close relationship and we are confident that the A321-200neo LR will advance the airline’s fleet operations and overall growth goals,” added Grant Levy, Executive Vice President of Air Lease Corporation.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates.  Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law.  Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

About Air Lease Corporation

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.  For more information, visit ALC’s website at www.airleasecorp.com.

About Aer Lingus

Aer Lingus, part of International Airlines Group, operates as a leading Irish airline primarily providing passenger and cargo transportation services from Ireland to the United Kingdom and Europe and also to the United States and Canada.

Air Lease Places 4 New Airbus A320 Family Aircraft with Peach

PARIS, France, June 18, 2019 – Air Lease Corporation (NYSE: AL; “ALC”) announced today long-term lease placements for two new Airbus A320neo and two new Airbus A321neo LR aircraft with Peach Aviation Limited (Japan). The four new Airbus aircraft are scheduled to deliver to Peach starting in 2020 through 2022 from ALC’s order book with Airbus.

“ALC is thrilled to confirm this significant lease placement with Peach for four new Airbus aircraft and contribute to the airline’s growing all-Airbus A320 fleet,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “The A320neo and A321neo LR offer Peach the most technologically advanced, fuel-efficient aircraft that will bring a new level of passenger comfort and convenience to the Japanese market.”

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

About Air Lease Corporation (NYSE: AL)

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. For more information, visit ALC’s website at www.airleasecorp.com.

About Peach

Peach Aviation began services based out of Kansai Airport in March 2012. Currently, in addition to Kansai Airport, Peach has hubs at New Chitose Airport, Sendai Airport, and Naha Airport with 25 aircraft that service 17 domestic routes and 16 international routes. It operates approximately 100 flights per day and is used by over 13,000 passengers daily. Peach will complete its integration with Narita-based airline Vanilla Air by the end of the 2019 fiscal year, aiming to become Asia’s leading LCC.

JetBlue to Launch Transatlantic London Service in 2021

FILE PHOTO: Travelers check-in at a JetBlue Airways kiosk at John F. Kennedy Airport in the Queens borough of New York, U.S., January 24, 2017. REUTERS/Shannon Stapleton

(Reuters) – JetBlue Airways Corp hopes to break into the low-fare, transatlantic travel market beginning in 2021 with multiple daily flights from New York and Boston to London, its first European destination, the carrier said on Wednesday.

To service the routes, the sixth largest U.S. carrier will convert 13 Airbus A321LR aircraft from its existing order book with a fresh version of its Mint business product.

The idea is to offer customers a fresh choice on routes where JetBlue President Joanna Geraghty said current competitor fares “are enough to make you blush.”

New York-based JetBlue, which unveiled the long-awaited launch at an employee event at John F. Kennedy International Airport, said it is still evaluating which London airports it will serve.

The company, which has built a reputation in the United States for more coach legroom than competitors and free broadband internet, has argued for regulators to force slot divestitures at high-traffic airports like London’s Heathrow to create a level playing field for new entrants.

A handful of Europe-based budget carriers have tried to penetrate the transatlantic market in recent years, but only cash-strapped Norwegian Air is still standing.

Iceland’s WOW, PrimeraAir Nordic, Britain’s Flybmi and Monarch Airlines and Cypriot carrier Cobalt have all ceased operations in a sector grappling with over-capacity and high fuel costs.

JetBlue said it will raise the bar on what travellers can expect from a low-cost carrier, particularly in Europe.

The carrier has argued in the past that its version of business class, Mint, has driven a 50 percent decline in premium fares on some competing U.S. routes, a reduction it believes it can also deliver for premium travel between the United States and Europe.

“JetBlue’s Mint product suits the Atlantic market as they will likely come in with stimulative fares to drive customer awareness and loyalty,” Cowen analyst Helane Becker said in a recent note to clients.

The main issue will be whether JetBlue is able to gain access at major international airports, she said, like London Heathrow and Amsterdam Schiphol.

(Reporting by Tracy Rucinski, editing by G Crosse)

TAP Air Portugal Takes Delivery of its First A321LR

Lisbon-based TAP Air Portugal has taken delivery of its first of twelve A321LRs on order, becoming the first airline to operate a combined A330neo and A321LR fleet. The A321LR is the world’s most flexible and capable large single-aisle aircraft. Powered by CFM engines, TAP’s A321LR is configured with 171 seats (16 full flat Business, 48 Eco Premium and 107 Ecomomy seats).

The combination of the A321LR and the A330neo within a single fleet provides operators a powerful lever to cover the needs of the medium- to long-haul market. With both newest-generation single-aisle (20% fuel burn reduction) and widebody aircraft (25% fuel burn reduction), airlines benefit from an unrivalled commonality for operations while passengers experience a higher and harmonised comfort standards.

“The A321LR is critical for TAP’s expansion plans. With its superior range we can comfortably explore markets in North America, South America and Africa from Portugal, and it’ll fit in seamlessly with our A330neos,” said Antonoaldo Neves, CEO, TAP Air Portugal. “In North America it allows us to explore markets on the East Coast, such as New York, Boston, Montreal or Washington. In Brazil the A321LR can open new markets in the Northeast and complement existing services to cities like Recife, Natal, Fortaleza or Salvador,” he added. “The aircraft are equipped with the latest-generation full flat business class and high comfort economy seats, a full suite of in-flight entertainment (IFE) and connectivity, as well as free messaging services”.

TAP’s A321LR will be operated on the Lisbon-Tel Aviv route at its entry into service.

“We applaud TAP Air Portugal for becoming the first airline to leverage the benefits of the A321LR and the A330neo in a common fleet. The A321LR and A330neo working in tandem have the middle market segment nicely covered. The ‘Airbus NEO Midsize Aircraft’ – let’s call them the ‘A-NMA’s,’ are a winning, seamless combination – unprecedented capacity and transatlantic range with single aisle cost with the A321LR, and unbeatable unit costs and flexibility for true long haul with the A330neo. Both with the most contemporary technology and cabin comfort in their class,” said Christian Scherer, Airbus Chief Commercial Officer.

TAP currently operates an Airbus fleet of 75 aircraft comprising five A330neo, 13 A330ceo,4 A340s, and 45 A320 Family aircraft. The single-aisle fleet includes 21 A319ceo, 20 A320ceo, four A321ceo, two A320neo and six A321neo.

The A321LR is a member of the A320neo Family, with over 6,500 orders by more than 100 customers. It delivers 30% fuel savings and nearly 50% reduction in noise footprint compared to previous-generation competitor aircraft. With a range of up to 4,000nm (7,400km) the A321LR is the unrivalled long-range route opener, featuring true transatlantic capability and premium wide-body comfort in a single aisle aircraft cabin.

The A330neo is a true new-generation aircraft building on the A330’s success and leveraging A350 XWB technology. It incorporates the highly-efficient new-generation engines, new wings and new sharklets derived from A350 XWB technology.

@TAPAirPortugal @Airbus #A321LR

Story and images from http://www.airbus.com

Airbus Weighing New Long-Range A321

PARIS (Reuters) – Airbus is considering adding extra endurance to the longest-range version of its A321 passenger jet in a further effort to pre-empt a potential new mid-market jet being studied by U.S. rival Boeing, industry sources said.

A new version called the A321XLR is the latest study on the drawing board in a battle of wits as both jetmakers battle for supremacy in the 200-270-seat segment, valued by analysts at hundreds of billion of dollars over 20 years.

The proposed new A321XLR would carry extra fuel and expand the range of the A321LR aircraft, which recently claimed a long-distance record for single-aisle jets in testing, the sources said, asking not to be named as the idea remains confidential.

It is expected to be aimed at North American carriers, whose ordering decisions could be decisive as Boeing weighs up whether to go ahead with plans for a new ‘middle-of-the-market’ aircraft.

“We do not comment on our product policy,” an Airbus spokesman said.

Noting that Airbus had 80 percent of sales in the A321 category, the spokesman added, “We are under no pressure”.

Airbus has been heavily outselling Boeing in the lower end of the 200-270-seat segment with the single-aisle A321, while Boeing has been dominating at the upper end with strong sales of the 787 Dreamliner at the expense of the Airbus A330neo.

This is the space into which Boeing proposes launching its 220-270 seat mid-market jet, a hybrid with the twin-aisle cabin of a wide-body jet but the smaller cargo space of a single-aisle plane thanks to a novel shape designed to fly more efficiently.

Airbus has been toying with several proposals to extend the A321’s advantage and try to limit the impact of Boeing’s new plane or even prompt its rival to abandon the idea.

Airbus says the A321LR, due to enter service this year, will have a maximum range of to 4,000 nautical miles (7,400 km). Boeing says the 737 MAX 10, the largest member of its competing 737 family, has a range of 3,300 nm.

JUGGLING RISKS

In a surprise move, Airbus previously halted work on a study dubbed A320neo-plus, Reuters reported in April.

The advanced blueprint would have featured increased fuel capacity, a longer fuselage and improvements to the A321’s wing.

A longer-term project, code-named A320neo-plus-plus,” with an all-new carbon-fibre wing, has also been put to one side.

By halting the studies, Airbus aims to force Boeing to show its hand on the middle-market segment before risking its own capital with a response, people familiar with the decision said.

But others say doing nothing is not without risk since failing to defend the profitable A321 could encourage Boeing to launch its newer jet. “If you do it, you have to move quickly,” an industry source said, referring to plans to improve the A321.

The A321XLR – with more fuel capacity but no extra seats or aerodynamic redesign – is a compromise bet that Airbus hopes will fend off Boeing for the smallest upfront investment.

In an interview last week, Boeing’s sales chief said it would take the time needed to decide whether to launch its new jet, rejecting suggestions that it is dragging its feet.

“We are doing our due diligence,” senior vice-president Ihssane Mounir told Reuters.

The jet is widely expected to be developed in two versions.

Boeing is looking at a product that is “a little bigger than an A321 but goes a lot further” and “about the size of the A330 but has a lot better efficiency,” he said.

Speaking to Reuters earlier this month, Airbus President Guillaume Faury deflected questions about A321 revamp plans.

“Airbus like any company has different options and is looking at the future,” he said.

(Reporting by Tim Hepher; Editing by Richard Lough/Keith Weir)