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PLAY Signs Agreement With GECAS for Four New A320neo Family Aircraft

PLAY has signed an agreement with aircraft lessor GECAS for three Airbus A320neos and one A321NX aircraft. The aircraft will be delivered between fall 2022 and spring 2023. Play also previously signed a LOI with another lessor for two A320neos for spring 2022 delivery.

PLAY Airbus A321neo - Courtesy PLAY Airlines

On Tuesday (September 21, 2021) PLAY announced the signing of an agreement with GECAS, a major international aircraft lessor, for three Airbus A320neos and one A321NX aircraft, firming up a previously announced letter-of-intern (LOI). The aircraft are scheduled to be delivered between the fall of 2022 and the spring of 2023. The four aircraft announced in today’s agreement are in addition to an LOI signed in August with another lessor for two A320neos, which are scheduled for delivery in spring 2022, as the carrier shifts to a hub-and-spoke model. GECAS is currently being acquired by AerCap Holdings, N.V., with the transaction expected to close in the fourth quarter of 2021.

In Tuesday’s announcement, PLAY’s CEO, Birgir Jónsson, said,

“We are delighted to add additional aircraft to the PLAY fleet. Our long-term objective is to make PLAY a leading brand in our market and our partnership with GECAS, a leading international aircraft lessor, is a step in that direction. We are consciously including environmental and ethical variables in our decision making. The addition of these fuel-efficient aircraft will help us meet our growth objectives as we look forward to the opportunities ahead.”

Founded in 2019 by Arnar Magnússon, PLAY is a new low-cost carrier (LCC) which will operate flights between Iceland and Europe, as well as on trans-Atlantic long-haul routes. The airline launched their inaugural passenger revenue flight on Thursday, June 24, 2021, with service between Keflavík International Airport (KEF) and London Stansted (STN).

Source: Play Airlines

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