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Akanksha Bakshi

Air Canada Acquires 26 Airbus A321neo Extra-Long Range Aircraft

Air Canada Airbus ACDVF NYSE Airbus SE

Air Canada (OTC:ACDVF) agreed to acquire 26 extra-long range (XLR) versions of Airbus SE (OTC:EADSY) A321neo aircraft. Deliveries are to begin in Q1 of 2024, with the final aircraft arriving in Q1 of 2027. Financial terms not disclosed.
Fifteen aircraft will be leased from Air Lease Corp (NYSE:AL), five will be leased from AerCap Holdings (NYSE:AER), and six acquired under a purchase agreement with Airbus.
Air Canada's A321XLRs will accommodate 182 passengers in a configuration of 14 lie-flat Signature Class seats and 168 Economy Class seats.
As of December 31, 2021, Air Canada had a combined 214 aircraft in its mainline and Air Canada Rouge fleets, including 136 single-aisle, narrow-body aircraft.
Price Action: ACDVF shares traded higher by 2.03% at $19.08 on the last check Tuesday.

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