May 26, 2013: Air Lease Corporation, aircraft leasing company based in Los Angeles, California placed three new Airbus A321-200 CEOs, one new Airbus A321-200neo and one new A320-200neo aircraft on long-term leases to Iceland based WOW air.
One A321-200 CEO was delivered to the airline earlier this month, with the remaining two A321-200 CEOs to be delivered in Q3 and Q4 of 2016. The A320-200neo and A321-200neo aircraft are scheduled to deliver in Q1 2017 and Q1 2018, respectively.
ALC purchased three of the aircraft from another operator just after delivery from Airbus and the other two aircraft are from ALC’s order book with Airbus.
“We look forward to a long-term relationship with WOW air as they continue to add new modern Airbus aircraft to modernise their expanding fleet and grow their network,” said Grant Levy, executive vice president, Air Lease Corporation.
WOW air is the only ultra-low-cost transatlantic airline offering the cheap fares.