Wednesday, July 31, 2024
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Air Astana Group, the largest airline group in Central Asia and the Caucasus by revenue and fleet size, has taken a significant step in its expansion plans by signing an agreement with Air Lease Corporation. This agreement, signed on 26 July 2024, involves the operating lease of seven Airbus A321neo LR aircraft. The Board of Directors of Air Astana Group approved this major transaction on 25 July 2024.
Deliveries of the new aircraft are scheduled to begin in 2026, supporting Air Astana Group’s ambitious plan to expand its fleet to 80 aircraft by the end of 2028. This strategic move is expected to enhance the Group’s operational capabilities, providing greater flexibility and efficiency in its route network.
Peter Foster, President and CEO of Air Astana Group, commented on the agreement: “This lease agreement with Air Lease Corporation marks a pivotal moment in our growth strategy. The addition of the Airbus A321neo LR aircraft will significantly bolster our fleet, allowing us to expand our services and meet the increasing demand for air travel in the region.”
The Airbus A321neo LR is known for its enhanced fuel efficiency, extended range, and improved passenger comfort, making it a valuable addition to Air Astana Group’s fleet. These aircraft will enable the airline to operate longer routes with greater economic efficiency, aligning with the Group’s goal of offering superior service to its passengers while maintaining a strong focus on sustainability.
John Plueger, CEO and President of Air Lease Corporation, expressed his enthusiasm about the partnership: “We are delighted to continue our strong relationship with Air Astana Group. The Airbus A321neo LR is a state-of-the-art aircraft that will support Air Astana’s growth and operational goals, and we look forward to seeing the positive impact these aircraft will have on their expanding network.”
This agreement highlights Air Astana Group’s commitment to growth and excellence in the aviation industry. With the delivery of these new aircraft, the airline is well-positioned to enhance its market presence and offer improved services to its passengers across Central Asia and beyond.