ALAFCO Aviation Lease and Finance Company announced today that it has successfully completed the delivery of two A320NEO Aircraft to Volaris and SAS both of which are on long term leases. The Aircraft delivered to Volaris is the first of four A320Neo Aircraft as part of a Sale and Leaseback deal agreed earlier in the year. The Aircraft delivered to SAS is the fourth Aircraft delivered to the airline from the company’s orderbook. A deal to lease five A320Neo Aircraft was agreed with SAS in 2019.
Adel A. Albanwan, CEO of ALAFCO commented “I am pleased and delighted to announce the successful delivery of the two A320Neo Aircraft. We have worked tirelessly throughout the year to ensure that we continue to uphold our commitments to our customers. The pandemic has created unprecedented challenges, particularly across the aviation industry, which further reinforces our team’s efforts to successfully execute the delivery of the two A320Neo Aircraft in such challenging circumstances. Both Volaris and SAS represent fantastic additions to our growing customer base, further strengthening our Aircraft portfolio.”