June 22: AerCap announced it has agreed with Virgin Atlantic the lease of ten Airbus A330-300s. Six aircraft are currently on order from Airbus by Virgin Atlantic, but this new deal will see AerCap purchase the aircraft and lease them to the airline. Deliveries are scheduled for 2011/12 and the lease term is 12 years.
Steve Ridgway, CEO of Virgin Atlantic, said: “This order shows we are confident about our future growth. AerCap have helped make this deal a reality against the backdrop of unprecedented financial turmoil.”
In addition to these six aircraft, AerCap will lease four Airbus A330-300s to Virgin Atlantic from its own order with the manufacturer.