Aircastle Limited (NYSE: AYR) and easyJet plc have completed a purchase and leaseback program for 10 Airbus A319-100 aircraft, enabling higher density seating, the companies said.
Aircastle said this is its first transaction with easyJet and the A319 aircraft are a core part of the company´s current fleet.
easyJet is a European airline that carries more than 68 million passengers annually, on over 240 aircraft on more than 780 routes to over 130 airports across 32 countries.
Aircastle Limited acquires, leases and sells commercial jet aircraft to airlines throughout the world. As of September 30, 2016, Aircastle owned and managed on behalf of its joint ventures 186 aircraft leased to 65 customers located in 35 countries.