Air Lease Corporation Announces Lease Placement of Five New Airbus A321neo LR/XLR Aircraft with Qanot Sharq (Uzbekistan)
Air Lease (NYSE: AL) has announced long-term lease agreements with Qanot Sharq Airlines for five new Airbus A321neo aircraft. The deal includes three A321-200neo XLRs and two A321-200neo LRs, scheduled for delivery in 2026 and 2027 from AL's Airbus orderbook.
Qanot Sharq, Uzbekistan's first private airline, operates international flights to destinations across MENA, APAC, and Europe, including Tel Aviv, Istanbul, Jeddah, Phuket, and Milan. The new aircraft will enhance the airline's network reach while delivering improved performance, range, and fuel efficiency to support its expansion strategy.
Air Lease (NYSE: AL) ha annunciato contratti di leasing a lungo termine con Qanot Sharq Airlines per cinque nuovi aerei Airbus A321neo. L'accordo include tre A321-200neo XLR e due A321-200neo LR, previsti per la consegna nel 2026 e 2027 dall'ordine Airbus di AL.
Qanot Sharq, la prima compagnia aerea privata dell'Uzbekistan, opera voli internazionali verso destinazioni in MENA, APAC e Europa, tra cui Tel Aviv, Istanbul, Jeddah, Phuket e Milano. I nuovi aerei miglioreranno la portata della rete aerea della compagnia, offrendo prestazioni migliorate, autonomia e efficienza nei consumi per supportare la sua strategia di espansione.
Air Lease (NYSE: AL) ha anunciado contratos de arrendamiento a largo plazo con Qanot Sharq Airlines para cinco nuevos aviones Airbus A321neo. El acuerdo incluye tres A321-200neo XLR y dos A321-200neo LR, programados para entrega en 2026 y 2027 desde el libro de pedidos de Airbus de AL.
Qanot Sharq, la primera aerolínea privada de Uzbekistán, opera vuelos internacionales a destinos en MENA, APAC y Europa, incluyendo Tel Aviv, Estambul, Yeda, Phuket y Milán. Los nuevos aviones mejorarán el alcance de la red de la aerolínea, ofreciendo un mejor rendimiento, autonomía y eficiencia de combustible para apoyar su estrategia de expansión.
Air Lease (NYSE: AL)는 Qanot Sharq Airlines와 함께 다섯 대의 새로운 Airbus A321neo 항공기에 대한 장기 임대 계약을 발표했습니다. 이 계약에는 세 대의 A321-200neo XLR과 두 대의 A321-200neo LR이 포함되어 있으며, 2026년과 2027년에 AL의 Airbus 주문서에서 인도될 예정입니다.
우즈베키스탄의 첫 번째 민간 항공사인 Qanot Sharq는 텔아비브, 이스탄불, 제다, 푸켓 및 밀라노를 포함하여 MENA, APAC 및 유럽 전역의 목적지로 국제 항공편을 운영합니다. 새로운 항공기는 항공사의 네트워크 범위를 향상시키고 성능, 비행 거리 및 연료 효율성을 개선하여 확장 전략을 지원할 것입니다.
Air Lease (NYSE: AL) a annoncé des contrats de location à long terme avec Qanot Sharq Airlines pour cinq nouveaux avions Airbus A321neo. L'accord comprend trois A321-200neo XLR et deux A321-200neo LR, dont la livraison est prévue pour 2026 et 2027 à partir du carnet de commandes d'Airbus d'AL.
Qanot Sharq, la première compagnie aérienne privée d'Ouzbékistan, opère des vols internationaux vers des destinations à travers la région MENA, l'APAC et l'Europe, y compris Tel Aviv, Istanbul, Djeddah, Phuket et Milan. Les nouveaux avions amélioreront la portée du réseau de la compagnie tout en offrant de meilleures performances, une plus grande autonomie et une efficacité énergétique pour soutenir sa stratégie d'expansion.
Air Lease (NYSE: AL) hat langfristige Leasingverträge mit Qanot Sharq Airlines für fünf neue Airbus A321neo-Flugzeuge bekannt gegeben. Der Vertrag umfasst drei A321-200neo XLR und zwei A321-200neo LR, die für die Auslieferung im Jahr 2026 und 2027 aus dem Airbus-Bestellbuch von AL vorgesehen sind.
Qanot Sharq, die erste private Fluggesellschaft Usbekistans, betreibt internationale Flüge zu Zielen in MENA, APAC und Europa, darunter Tel Aviv, Istanbul, Dschidda, Phuket und Mailand. Die neuen Flugzeuge werden die Reichweite des Netzwerks der Fluggesellschaft verbessern und gleichzeitig eine verbesserte Leistung, Reichweite und Kraftstoffeffizienz bieten, um ihre Expansionsstrategie zu unterstützen.
- Secured long-term lease agreement for 5 new Airbus A321neo aircraft
- Strengthens existing partnership with growing Uzbek carrier
- Deliveries scheduled for 2026-2027, indicating future revenue stream
- None.
Insights
This strategic lease placement by Air Lease demonstrates strong execution in a key growth market, with the five A321neo aircraft deal highlighting several important aspects for investors:
- The selection of A321neo XLR/LR variants is particularly noteworthy, as these aircraft command premium lease rates due to their extended range capabilities (up to 4,700nm for XLR) and superior fuel efficiency (approximately
30% lower fuel burn per seat compared to previous generation aircraft). - Uzbekistan represents an emerging aviation market with significant growth potential, as evidenced by Qanot Sharq's expansion from regional operations to international routes across MENA, APAC, and Europe. The country's strategic location along the Silk Road positions it as a potential hub for Central Asian air traffic.
- The 2026-2027 delivery timeline aligns with industry expectations of post-pandemic recovery and growth in emerging markets, while the long-term lease structure provides ALC with predictable revenue streams and asset utilization.
- This transaction reinforces ALC's orderbook monetization strategy and demonstrates continued demand for new-technology narrow-body aircraft, particularly in emerging markets where operators are focusing on fuel efficiency and range flexibility.
The deal's structure with a mix of A321neo LR and XLR variants provides Qanot Sharq with fleet flexibility while maintaining commonality benefits, enabling the airline to optimize its network strategy across different stage lengths. For ALC, this transaction represents effective placement of aircraft from its orderbook, contributing to reduced delivery risk and supporting stable, long-term revenue generation.
“We are pleased to further strengthen our partnership with Qanot Sharq and support the airline’s continued growth with the addition of five new Airbus A321neo LR/XLR aircraft,” said AJ Abedin, Senior Vice President of Marketing at Air Lease Corporation. “As the airline successfully executes its expansion, these new A321neo jets will enhance its network reach while delivering exceptional performance, range, and fuel efficiency, enabling the airline to provide high quality service to the Uzbek market.”
“We are excited to expand our partnership with Air Lease and take a significant step forward in expanding our fleet with these new Airbus A321neo LR and XLR aircraft,” said Nosir Abdugafarov, Owner of Qanot Sharq Airlines. “These state-of-the-art aircraft will allow us to open new routes, improve fuel efficiency, and provide an enhanced travel experience for our passengers. As Uzbekistan’s first private airline, we are dedicated to growth and innovation, and this agreement represents a key milestone in our long-term vision to expand our destination network while maintaining our commitment to exceptional service.”
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)
Air Lease Corporation is a leading global aircraft leasing company based in
About Qanot Sharq Airlines
Established as Uzbekistan’s first privately owned airline, Qanot Sharq is led by a team of highly accomplished airline industry professionals. The airline operates from multiple regional airports in
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Email: investors@airleasecorp.com
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Email: press@airleasecorp.com
Source: Air Lease Corporation
FAQ
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