Aircastle and easyJet Complete a Ten Aircraft Purchase and Leaseback Program

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.”

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