Virgin rents aircraft for $155m from Jazeera unit

Kuwait’s Jazeera Airways today announced that its unit Sahaab Aircraft Leasing has signed a contract for leasing out four Airbus A320 aircraft to Virgin America for a value of $155m.

This is Sahaab’s first lease to a US based customer and comes only a few months after the firm was acquired by Jazeera Airways Group in February 2010, the statement said.

Jazeera Airways Group Chairman Marwan Boodai said: “It was important for us to make our first placement as early as possible. However it was even more important to place the aircraft with the right customer and Virgin America was the perfect customer. The airline, with......

---------------------------------------------------------------------------------------------------------------------------
Visit myairlease.com for Aircraft, Engines and APUs available for Lease and Sale!
---------------------------------------------------------------------------------------------------------------------------