AerCap signs purchase and leaseback deal with Virgin Atlantic

Dino D'Amore
By Dino D'Amore August 28, 2014 15:23

AerCap signs purchase and leaseback deal with Virgin Atlantic

AerCap has announced it has signed agreements with Virgin Atlantic Airways for the purchase and leaseback of seven B787s that Virgin Atlantic Airways currently has on order from Boeing.

The lease terms for all aircraft are twelve years, and deliveries will start in October 2014.

“We are extremely proud to have Virgin Atlantic, one of the world’s most innovative airlines, continue its long-standing partnership with AerCap by entering into this important transaction,” said AerCap CEO Aengus Kelly.

AerCap has a total of ten 787s in its portfolio and an additional 74 committed purchases including those for Virgin Atlantic.

Dino D'Amore
By Dino D'Amore August 28, 2014 15:23