LIFT Signs Lease Agreement With Aercap For An Airbus A320 Aircraft

Johannesburg, 02 May 2023 – LIFT announced today it had signed a lease agreement for an Airbus A320-200 with AerCap the world’s largest owners of commercial aircraft and leader in aviation leasing. AerCap provides airlines with long-term access to the most in-demand passenger and cargo aircraft, engines and helicopters.

“While Global Aviation has been around for over 20 years and has owned and leased many aircraft, the lease with AerCap is an important milestone for LIFT. Signing with the global leader in aviation leasing is no small feat for a young airline, and having AerCap’s support serves as a significant vote of confidence for our entire team,” said Jonathan Ayache, CEO of LIFT.

“We are committed to increasing our seat capacity to ±1.5 million over the next 12 months from ±370 000 in 2022. Our demand-driven business model means we pursue these growth opportunities in a prudent manner and in line with our goal of building a sustainable airline industry in South Africa,” add Ayache.

AerCap has already delivered the Airbus A320 aircraft to South Africa where it is due to be branded with LIFTs signature livery and fitted with both an Economy and Premium cabin. It will enter service in May and operate across LIFT’s network.

“We are delighted to support LIFT with their fleet expansion,” said Peter Anderson, the Chief Commercial Officer of AerCap.

“AerCap is the largest lessor in Africa with 14 airline customers on the continent, and we are pleased to continue to support the growth and development of the aviation market in South Africa. We wish Jonathan Ayache and the LIFT management team every success with their ambitious growth plans, and we look forward to working with them in the future,” concludes Anderson.

LIFT recently added three aircraft to its fleet and expanded its route network connecting the popular ‘Golden Triangle’ between Johannesburg, Durban and Cape Town.