SKY Leasing ("SKY"), a full-service aircraft asset manager, announces it has signed an agreement for the sale and leaseback of (6) A321-200NEO aircraft with JetBlue. The transaction covers deliveries to JetBlue from Q2 to Q4 2020.
"We are excited for the new partnership with SKY Leasing. This transaction will help us offset our capital expenditures on our newest and most fuel-efficient aircraft in 2020 as we continue to focus on minimizing cash burn," said Steve Priest, Chief Financial Officer at JetBlue.
"We are pleased to start this new partnership with JetBlue and demonstrate our ability to quickly execute large-scale sale-leasebacks despite the challenging backdrop that Covid-19 presents," said Austin Wiley, Chief Executive Officer SKY Leasing. "The A321NEO and the JetBlue relationship represents the foundation of our strategy focusing on sale-leasebacks with top tier airlines on new and next generation technology."