STAMFORD, Conn., Dec. 19, 2016 /PRNewswire/ -- Aircastle Limited (NYSE: AYR) and easyJet plc 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 easyJet's distinctive dual over-wing door exit configuration, which enables higher density seating.
Ron Wainshal, Aircastle's CEO, stated, "We're excited to complete our first transaction with easyJet, 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 lay-out, and we expect they will find good demand once the current leases expire in a few years."
Andrew Findlay, easyJet CFO, commented, "Having announced in May our intention to initiate a rolling sale and leaseback programme to facilitate our long term exit strategy of our A319 fleet, we are very pleased to announce this transaction with Aircastle."
About Aircastle Limited
Aircastle Limited acquires, leases and sells commercial jet aircraft to airlines throughout the world. As of September 30, 2016, Aircastle owned and managed on behalf of its joint ventures 186 aircraft leased to 65 customers located in 35 countries.
About easyJet plc:
easyJet is Europe's leading airline, offering a unique and winning combination of the best route network connecting Europe's primary airports, with great value fares and friendly service. easyJet flies on more of Europe's most popular routes than any other airline. easyJet carries over 68 million passengers annually, of which around 12 million are travelling on business. easyJet flies over 240 aircraft on more than 780 routes to over 130 airports across 32 countries. More than 300 million Europeans live within one hour's drive of an easyJet airport.
For more information on Aircastle, please visit www.aircastle.com.
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SOURCE Aircastle Limited