AerCap Holdings N.V. today announced that it has delivered the first of 14 new PW1500G powered Airbus A220-300 aircraft to Breeze Airways.
The 14-aircraft deal comprises 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, and 3 aircraft owned by Einn Volant Aircraft Leasing Holdings Limited (“EVAL”), a global aircraft leasing platform and joint venture between AerCap and Caisse de dépôt et placement du Québec, a global investment group.
All 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,” said Aengus Kelly, CEO of AerCap.
“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,” said Breeze Airways’ Chairman and CEO David Neeleman.
“The AerCap financing structure further enhances the operating economics of our A220 aircraft while allowing us to optimize our balance sheet.”