AWAS acquires one new A320 aircraft and places it on long-term lease with Jetstar Pacific Airlines

AWAS announced today that it has recently acquired one new A320 passenger aircraft from an airline who had placed an order directly with the manufacturer, and has delivered the aircraft on long-term lease with existing customer Jetstar Pacific Airlines.

Jetstar Pacific will put the aircraft into commercial operation in early November after installing end-of-wing sharklets. The aircraft will be used to expand the airline’s international operations, including plans to operate new services from Vietnam to Singapore later this month.

Mr. Le Hong Ha, Chief Executive Officer of Jetstar Pacific commented on the delivery, “We are pleased to expand our relationship with AWAS, who provided us with quick access to an aircraft that meets our specific business needs and objectives. AWAS had confidence in our business plan back in 2010 when we took delivery of our first new A320 from them and this additional A320 allows us to continue to grow while reducing the average age of our fleet.”

Ray Sisson, President & CEO AWAS stated, “AWAS is very happy to grow with Jetstar Pacific. Our platform’s ability to acquire new and modern mid-life aircraft in the secondary market is unmatched and is fueling our profitable fleet expansion.”

This new sharklet-equipped A320 aircraft has been developed by Airbus to provide airlines with significant fuel savings along with several higher performance and lower maintenance benefits.