DUBLIN, Ireland, June 16, 2022 (GLOBE NEWSWIRE) -- Griffin Global Asset Management ("Griffin") is pleased to announce the agreement to purchase and leaseback seven Airbus A320-200neo and two Airbus A321-200neo aircraft with JetSMART, a South American ultra low-cost carrier. The aircraft are scheduled for delivery in the fourth quarter of 2022 and throughout 2023.

"We are pleased to welcome JetSMART to our growing list of airline partners. These nine A320neo family aircraft will continue to reduce JetSMART’s operating cost, which should translate into lower fares and access to more destinations across South America for their customers,” said Eric Hild, Griffin's Senior Vice President of Marketing.

Matt Bernier, JetSMART’s Chief Financial Officer noted, "This is very positive news for JetSMART because our agreement with Griffin is our largest purchase and sale-leaseback to-date, which will allow us to continue our expansion to meet growing passenger demand in South America and achieve our goal of 100 aircraft and 100 million passengers by 2026”.