Irish aircraft leasing group Avolon has announced it has acquired two Airbus A320 aircraft from German carrier Air Berlin, which is the fifth largest airline in Europe.
The planes were acquired under a sale and lease back agreement and will be operated by Swiss carrier Belair, a subsidiary of Air Berlin.
Headquartered in Ireland, Avolon launched only two months ago after successfully raising initial capital of $1.4 billion (€1.1 billion).
Avolon’s now has more than thirty aircraft in its committed fleet and Avolon CEO Dómhnal Slattery was said to be “delighted” with the recent transaction.
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Claire Hack
