This week, Air Lease Corporation (ALC) announced that TAP Portugal will be leasing 5 additional Airbus aircraft from the company.
TAP has signed leases for four new Airbus A330-900neo and 1 Airbus A320-200neo. All of the aircraft will be delivered starting from the fourth quarter of 2018 until the third quarter of 2019.
Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation commented:
“We are pleased to complete this important A330-900neo and A320neo lease transaction with our friends at TAP. These five new-technology aircraft on lease from ALC will modernize the airline’s fleet and help develop its growing network in Europe and across the North and South Atlantic and to Africa.”
The airline currently has orders for 14 A330neo, with the first one due in March 2018.
Fernando Pinto, CEO of TAP Portugal, also gave a statement
“TAP is in the process of a major fleet transformation that simultaneously improves its cost competitiveness as well as the quality of the product. This agreement with ALC represents a fundamental step in this transformation.
TAP is the launch airline customer for the A330-900neo, and these four aircraft represent a substantial commitment to reinvesting in the airline’s widebody fleet. Similarly, the A320neo will be the cornerstone of TAP’s reinvestment in next generation narrowbody aircraft.
ALC has been an important partner for TAP and we look forward to working together to realize TAP’s long term fleet needs.”