Luxembourg-based Vallair, an aircraft trading, leasing and specialist MRO organisation, has finalized lease transactions with Onur Air in Turkey for three Airbus A321 aircraft, the company said.
The first of these three aircraft, purchased from AerCap together with its engines, was delivered to Onur Air in May with a lease term of 18 months. The second aircraft, also purchased from AerCap, is being leased as an airframe only and was delivered to Turkey at the start of June. The final aircraft (MSN 835), purchased from Aviation Capital Group (ACG), was also leased to Onur Air as an airframe only and is part of an acquisition release novation contract completed in April with a short-term lease of 6 months. In addition to these three aircraft, Onur Air are also in possession of a V2500-A5 engine under lease with Vallair.
Onur Air operates a combination of commercial and charter flights to a range of domestic and international destinations, scheduled and non-scheduled, out of its main hubs AtatÃ¼rk Airport in Istanbul and Antalya Airport in Antalya, Turkey. The airline operates a fleet solely consisting of Airbus family aircraft, including A320s, A321s and A330s. Onur Air also provides wet-lease service to Saudi Arabian Airways for Hajj and Umrah operations with its A330s.
Vallair is a multi-faceted aviation business that maximizes the life and value of aircraft, engines and parts.