The 14-aircraft deal includes the sale and leaseback of 11 A220 aircraft, the second of which is scheduled to deliver this month, with the remaining deliveries continuing through 2022 and 2023. The other three aircraft are owned by Einn Volant Aircraft Leasing, an aircraft leasing platform and joint venture between AerCap and Caisse de dépôt et placement du Québec, a global investment group. Those three aircraft will be managed by AerCap and are scheduled for delivery through 2022.
“AerCap is excited to welcome Breeze Airways as a new customer but an old friend in David Neeleman with the delivery of the first of 14 new A220s,” Aengus Kelly, CEO of AerCap, said. “Equipped with the latest engine technology, which has 25% lower fuel burn over previous-generation aircraft, as well as maximum operational flexibility with its longer range, the A220 is the ideal aircraft for Breeze’s fast-growing operations. We wish all the team at Breeze every success and look forward to a long-term, successful partnership.”
“Breeze is excited to take delivery of our first of 80 firm A220s via sale and lease back with AerCap,” David Neeleman, who is chairman and CEO of Breeze Airways, said. “The AerCap financing structure further enhances the operating economics of our A220 aircraft while allowing us to optimize our balance sheet.”
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