AerCap Holdings N.V. has delivered the first of 14 new PW1500G-powered Airbus A220-300 aircraft to Breeze Airways.
The 14-aircraft deal comprises the sale and leaseback of 11 A220 aircraft, the second of which is scheduled to deliver this month, with the remaining deliveries continuing through 2022 and 2023 and three aircraft owned by Einn Volant Aircraft Leasing Holdings Limited (EVAL), a global aircraft leasing platform and joint venture between AerCap and Caisse de dépôt et placement du Québec (CDPQ), a global investment group. All three aircraft will be managed by AerCap and are scheduled for delivery through 2022.
“Breeze is excited to take delivery of our first of 80 firm A220s via sale and lease back with AerCap,” said Breeze Airways’ Chairman and CEO David Neeleman. “The AerCap financing structure further enhances the operating economics of our A220 aircraft while allowing us to optimize our balance sheet.”
