Tuesday, 31 December 2019

Three Airbus A320 aircraft for Pakistani startup AirSial Limited

AerCap to lease 3 Airbus A320 aircraft to AirSial Limited

 AerCap Holdings N.V. one the leading aircraft leasing specialists has confirmed it recently signed an agreement with AirSial Limited, a privately-owned Pakistani startup airline, for the lease of three used Airbus A320 aircraft. 

Aengus Kelly, CEO of AerCap, said, "For more than a decade, AerCap has been the biggest aircraft lessor in the fast-growing Pakistani aviation sector and we are very pleased to support a new startup airline, AirSial. With the rapid growth in air traffic in Pakistan as well as air liberalization, AirSial is well-positioned to take advantage of this opportunity. We wish AirSial every success with their new venture and we look forward to working with the AirSial team as these aircraft deliver. 'Coming together is a beginning; keeping together is progress; working together is success'."  

The aircraft are scheduled to deliver in the second quarter of 2020 and will be the first aircraft to be delivered to the airline. Fazal Jilani, Chairman of AirSial Limited, said, "I would like to congratulate and thank AerCap on this auspicious occasion for not only recognizing the potential of the Pakistan aviation market but also showing their firm belief in the Sialkot business community. We at AirSial, along with AerCap, will take our new partnership to the highest of standards and together make AirSial 'The Pride of Pakistan'."

AerCap has around 1,360 aircraft owned, managed or on order and $43.5 billion of total assets as of September 30, 2019. AerCap has one of the most attractive order books in the industry and serves approximately 200 customers in approximately 80 countries with comprehensive fleet solutions. 

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