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Corporate

Feb. 6, 2013

LA company signs $9 billion deal for jets

Air Lease Corp. announced Monday it signed a $9 billion deal to purchase 25 jets from Airbus SAS.

By Andrew McIntyre
Daily Journal Staff Writer

Los Angeles-based aircraft leasing company Air Lease Corp. announced Monday it signed a $9 billion deal to purchase 25 long-range, wide-body A350 jets from Airbus SAS. Air Lease used in-house counsel. Per terms of the agreement, Air Lease will purchase 20 A350-900s and five A350-1000s and has the option to purchase an additional five A350-1000s. The twin-engine A-350 900 and 1000 models can accommodate 314 and 350 passengers, res...

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