Aircastle Limited ("Aircastle") announced today that it completed the first of two sale and leasebacks of new A320 NEO aircraft with Concesionaria Vuela Compañía de Aviación, S.A.P.I. de C.V. ("Volaris"). This aircraft delivered new from Airbus and is the twenty-eighth NEO to enter the Volaris fleet. Delivery of the second aircraft will follow later this month and both aircraft are being leased on a twelve-year term.
Mike Inglese, Aircastle's Chief Executive Officer commented, "We are pleased to add new technology aircraft to our fleet with a high-quality airline. Consistent with our reputation for being a nimble and reliable counterparty, we were able to quickly put this transaction together with Volaris so they could meet their delivery timeline with Airbus."
Mr. Inglese added, "This transaction expands our established relationship with Volaris, a top tier airline and long-standing Aircastle customer. The experience and depth of our platform enables our team to selectively originate and efficiently close high quality, value added transactions for clients in a challenging market environment."
Mario Geyne, Volaris Fleet Planning Director commented, "The proactive approach of Aircastle contributed to the speedy closing of this important transaction for Volaris. We value our relationship and look forward to continue working together to take full advantage of the recovery in traffic that we are witnessing in Mexico."