Today Air Lease Corporation (NYSE: AL) announced long-term lease agreements with Qanot Sharq Airlines for five new Airbus A321neo aircraft, including three A321-200neo XLRs and two A321-200neo LRs. The aircraft are scheduled to deliver to the Uzbek airline in 2026 and 2027 from Air Lease’s orderbook with Airbus.

“We are pleased to further strengthen our partnership with Qanot Sharq and support the airline’s continued growth with the addition of five new Airbus A321neo LR/XLR aircraft,” said AJ Abedin, Senior Vice President of Marketing at Air Lease Corporation. “As the airline successfully executes its expansion, these new A321neo jets will enhance its network reach while delivering exceptional performance, range, and fuel efficiency, enabling the airline to provide high quality service to the Uzbek market.”

“We are excited to expand our partnership with Air Lease and take a significant step forward in expanding our fleet with these new Airbus A321neo LR and XLR aircraft,” said Nosir Abdugafarov, Owner of Qanot Sharq Airlines. “These state-of-the-art aircraft will allow us to open new routes, improve fuel efficiency, and provide an enhanced travel experience for our passengers. As Uzbekistan’s first private airline, we are dedicated to growth and innovation, and this agreement represents a key milestone in our long-term vision to expand our destination network while maintaining our commitment to exceptional service.”