05 February 2013

Air Lease orders 25 A350s including five -1000s

Lessor Air Lease has underpinned the Airbus A350-1000 by ordering five of the type as well as 20 A350-900s.

The leasing firm has also firmed options on 14 A321neo twinjets.Airbus says the company has options for five more A350-1000s. The deal marks the third endorsement of the largest member of the A350 family since its redesign.

The order takes the A350 backlog to more than 600 aircraft.

Steven Udvar-Hazy’s Air Lease’s order is a boost for Airbus as Boeing works to fix electrical faults that spurred regulators to order the global Dreamliner fleet parked last month. Udvar-Hazy, the lessor’s chief executive officer and founder, has 12 787s on order and hadn’t yet ordered any A350s, a model that will make its commercial debut in 2014 after suffering delays.

Udvar-Hazy earned a reputation as the godfather of the jet- leasing industry after starting International Lease Finance Corp. in 1973, which he sold to American International Group Inc. in 1990. He left ILFC in 2010 and founded Air Lease.


Based on the article “Airbus Wins $9 Billion Order as Hazy Adds A350s to 787s” published in Bloomberg

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