FTAI Aviation, a wholly owned subsidiary of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) is pleased to announce the closing of the first 9 of 19 aircraft under a sale and leaseback transaction with Aerovías del Continente Americano S.A. Avianca (“Avianca”). The remaining aircraft are expected to close subject to customary closing requirements by the end of February 2022.
“We are excited to partner with Avianca once again,” said Joe Adams, FTAI’s Chairman and Chief Executive Officer. “Our differentiated approach to aircraft leasing provides Avianca with a lower total cost of ownership.”
“FTAI has become one of our most trusted partners,” said Francisco Raddatz, Vice President of Fleet at Avianca. “FTAI’s unique and flexible strategy is essential to our new business model.”