- Joe Breitfeller
AerCap Delivers the First of 14 New Airbus A220-300s to Breeze Airways
AerCap has delivered to first of 14 new Airbus A220-300s to Breeze Airways. The aircraft is powered by Pratt & Whitney PW1500G engines. The 14 aircraft deal includes the sale and leaseback of 11 A220s and three aircraft owned by Einn Volant Aircraft Leasing Holdings.
On Wednesday (December 15, 2021), AerCap Holdings N.V. announced the delivery of the first of 14 Airbus A220-300s to Breeze Airways. The new aircraft is powered by Pratt & Whitney PW1500G engines. The 14 aircraft deal is comprised of the sale and leaseback of 11 aircraft, the second of which will be delivered later this month, with remaining deliveries from 2022-2023, as well as three aircraft owned by Einn Volant Aircraft Leasing Holdings Limited (EVAL). EVAL is a global leasing platform and joint venture between AerCap and Caisse de dépôt et placement du Québec (CDPQ), a global investment group. All three of these aircraft will be managed by AerCap and are scheduled for delivery through 2022.
In Today’s announcement, AerCap’s CEO, Aengus Kelly, said,
“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. 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.”
Also commenting on today’s A220 delivery, Breeze Airways’ CEO, David Neeleman, said,
“Breeze is excited to take delivery of our first of 80 firm A220s via sale and lease back with AerCap. The AerCap financing structure further enhances the operating economics of our A220 aircraft while allowing us to optimize our balance sheet.”
Breeze Airways commenced service between 16 cities across 13 U.S. states in May 2021, and is the nation’s best funded startup airline in history. Founded by aviation entrepreneur David Neeleman, the low-cost carrier (LCC) merges kindness with technology to deliver their signature Seriously Nice™ nonstop service to secondary airports, bypassing congested hub airports and saving Guests tome and money. Breeze recently announced an order for 80 Airbus A220-300s, the first of which will enter service in mid-2022.
AerCap Holdings N.V. (NYSE: AER) is the global leader in aircraft leasing and maintains one of the most attractive order books in the industry. The company serves around 200 customers in 80 countries with comprehensive fleet solutions. AerCap is headquartered in Dublin and maintains offices in Shannon, Los Angeles, Singapore, Amsterdam, Shanghai, Abu Dhabi, Seattle and Toulouse.
Source: AerCap Holdings N.V.