AerCap and AerDragon to purchase five new A330-300s for lease to Singapore Airlines

AerCap and AerDragon, its Chinese joint venture, have signed purchase agreements for the acquisition of five new Airbus A330-300s which will be leased to Singapore Airlines. AerCap will lease four of the aircraft and AerDragon will lease one of the aircraft to Singapore Airlines. Aengus Kelly, CEO of AerCap, said:”This transaction with Singapore Airlines and our joint venture partner AerDragon provides us with a very attractive business opportunity to further strengthen our presence in the fast-growing Asia Pacific region.”