US Air Lease signs letter of intent for 111 Airbus aircraft: statement

US company Air Lease Corporation (ALC) has signed a letter of intent to purchase 111 Airbus aircraft, the European plane-maker said Monday during a major air show in Dubai. "The agreement is for 25 A220-300s, 55 A321neos, 20 A321XLRs, four A330neos and includes seven A350Fs," Airbus said, adding that the order will be finalised in the coming months. The accord includes the first of the new long-haul A350F cargo aircraft set to come into service in 2025. The announcement came a day after Airbus said it took a mega-order for 255 single-aisle A321 aircraft from Wizz Air, Frontier, Volaris and JetSMART -- all from US company Indigo Partners. Prior to the Dubai Airshow, Airbus had taken orders for 292 aircraft since the start of the year, most of them single-aisle planes. "After lengthy and detailed consultations with several dozen of our strategic airline customers around the world, we are focusing this comprehensive order on the most desirable and in-demand aircraft types, covering the A220, A321neo, A330neo and A350 families," said Steven Udvar-Hazy, executive chairman of Air Lease Corporation, according to the statement.<br/>