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Benzinga
Benzinga
Business
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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