TAP Portugal to lease six new Airbus A320 from AerVenture

AerVenture Limited, a joint venture company owned by AerCap, LoadAir and Al Fawares, has signed agreements to lease six new Airbus A320-200 aircraft to the Portuguese national airline TAP for a period of eight years. The aircraft are powered by CFM56 engines and are scheduled to be delivered in 2009. The six new A320s will be leased to TAP under an operating lease agreement and are part of the order for 70 A320 family aircraft that the joint venture company placed in December 2005.