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Hawaii's Island Air Signs Letter Of Intent To Lease Five ATR 42 Aircraft

Airplanes Managed By Aerway Leasing Of Chicago

Hawaiian regional carrier, Island Air, has signed a letter of intent to lease five ATR 42 jet prop aircraft. The announcement is the next step in the carrier's New Business Plan (NBP) launched earlier this year. The agreement was reached with Chicago's Aerway Leasing, LLC for 5 ATR 42 jet prop aircraft which will enable a dramatic upgrade in scale and service for the airline.

"These aircraft represent an integral part of our plan to deliver on our service commitment to the  ever increasing number of guests flying with us each day and is the next step in our NBP," said Island Air CEO, Lesley Kaneshiro. "It's a very exciting time at Island Air as we have a lot to look forward to. We are dedicated to showcasing Hawaii's unique Aloha Spirit and cultural diversity by conveying our traditional Hawaiian hospitality."

"We are thrilled with our new partnership with Island Air and look forward to supporting them in Hawaii," said Stephen Kennicott, Managing Director of Aerway Leasing, LLC. The first two aircraft are set to arrive in Honolulu by end of year with three more joining the fleet in the summer of 2013.

Island Air was founded in 1980 to provide scheduled service between Princeville and Honolulu, the airline now offers more than 350 weekly flights between the islands of O'ahu (Honolulu International Airport), Maui (Kahului Airport and West Maui's Kapalua Airport), Moloka'i (Ho'olehua Airport), Lana'i (Lana'i City Airport), Kaua'i (Lihue Airport), and the Island of Hawai'i (Kona International Airport).

(Image provided by ATR)

FMI: www.IslandAir.com

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