Air Berlin, ALC signs sale/leaseback agreement

Air Berlin and Air Lease Corp., a new leasing company led by former ILFC Chairman Steven Udvar-Hazy, signed a sale/leaseback agreement for one A320-200, one A321-200, two 737-800s and one used A320-200. All are equipped with CFM engines. The first delivery, which took place May 19, was for the A320-200. Delivery of an A321 and a used A320 took place in June. Delivery of the two 737-800s is scheduled for later in the year and early 2011.

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