- Air Lease Corp (NYSE:AL) announced long-term lease placements for 19 new Airbus SE (OTC:EADSF) aircraft with Condor (Germany), including 17 Airbus A321neos and two A320neos.
- The new aircraft are scheduled to deliver in early 2024 through mid-2027. Air Lease currently leases five aircraft to Condor, including three A321s and two A320s.
- “These 19 new Airbus aircraft will provide enhancements to Condor’s customer products as the airline continues to add the most modern, fuel-efficient aircraft to their expanding fleet and offer the highest quality service,” said Lauren Kervick, Assistant Vice President of Air Lease.
- Price Action: AL shares are trading higher by 1.49% at $40.90 on the last check Tuesday.
Are US Sanctions On China Working? China Tech ETFs Paint A Picture
U.S. advanced semiconductor technology embargo on China and ramp-up of the semiconductor technology base have affected China.
Shares in top Chinese chipmakers shed $7.7 billion in market value on October 10, as new U.S. export controls kicked in, restricting the sale of semiconductors made with U.S. technology.
