18 October, 2020

Voyager Announces Sale-Leaseback Transaction for 5 A220-300 Aircraft With Breeze Airways

Voyager Aviation Holdings has announced that it has signed an agreement for the sale and leaseback of five A220-300 aircraft with Breeze Airways. The aircraft included in this transaction will deliver to Breeze from Q1 2022 to Q1 2023. This is Voyager’s first transaction with Breeze, as well as Voyager’s first addition of next-generation A220-300 narrowbody aircraft to its fleet.

Voyager is a privately held, Ireland-based global aviation investment firm with assets of approximately $2.0 billion. Voyager is majority-owned and controlled by Centerbridge Partners, L.P., a private investment management firm. Our minority shareholders include Reservoir Capital Group and Amedeo Capital Limited.

“We are delighted to inaugurate our partnership with the Breeze team and its founder David Neeleman, and we look forward to the successful launch of the airline. We are also pleased that we will diversify our fleet and customer base by adding new, next-generation narrowbody aircraft on lease to an exciting new U.S. carrier,” said Mike Lungariello, President of Voyager.

The transaction was originated and arranged by Amedeo, which provides aircraft management services to Voyager. “Amedeo are thrilled to partner with the team at Breeze. This transaction demonstrates our ability to execute on sale-leaseback transactions despite the challenges presented by Covid-19, as well as best-in-class portfolio management. We are excited about the value proposition Breeze presents in this market and we are delighted to further build on this relationship,” said Gabriella Lapidus, CCO of Amedeo.

“We’re pleased to partner with Voyager as we put together our fleet of brand new Airbus A220 aircraft for next year,” said Breeze Founder and CEO David Neeleman. “Together, we’ll offer US travellers a new choice in air travel, and a much-improved travel experience.”

Breeze Airways is a start-up airline, scheduled to begin operations in 2021. The airline was founded by David Neeleman, who previously co-founded several other airlines including WestJet, JetBlue, and Azul Airlines. Breeze aims to provide point-to-point service to secondary airports in the United States. The airline will launch with a fleet of Embraer E195 and Airbus A220-300 aircraft.


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