Aircastle and easyJet announced the completion of a purchase and leaseback program for ten Airbus A319-100 aircraft.
The aircraft, which were manufactured in 2005 and 2006, feature a distinctive dual over-wing door exit configuration, which enables higher density seating.
Ron Wainshal, Aircastle’s Chief Executive Officer, stated:
“We’re excited to complete our first transaction with one of the world’s top airlines and one of the few with investment grade credit ratings. These aircraft, which are a core part of easyJet’s current fleet, have a unique and economical layout, and we expect they will find good demand once the current leases expire in a few years.”
Andrew Findlay, easyJet Chief Financial Officer, commented:
“Having announced in May our intention to initiate a rolling sale and leaseback program to facilitate our long-term exit strategy of our A319 fleet, we are very pleased to announce this transaction with Aircastle.”