Will Be Delivered In The Second Quarter Of 2020

AerCap Holdings has signed an agreement with AirSial Limited, a privately-owned Pakistani startup airline, for the lease of three used Airbus A320 aircraft. The aircraft are scheduled to deliver in the second quarter of 2020 and will be the first aircraft to be delivered to the airline.

"For more than a decade, AerCap has been the biggest aircraft lessor in the fast growing Pakistani aviation sector and we are very pleased to support a new startup airline, AirSial," said Aengus Kelly, CEO of AerCap. "With the rapid growth in air traffic in Pakistan as well as air liberalization, AirSial is well positioned to take advantage of this opportunity. We wish AirSial every success with their new venture and we look forward to working with the AirSial team as these aircraft deliver. 'Coming together is a beginning; keeping together is progress; working together is success'."

"I would like to congratulate and thank AerCap on this auspicious occasion for not only recognizing the potential of the Pakistan aviation market but also showing their firm belief in the Sialkot business community," said Mr Fazal Jilani, Chairman of AirSial Limited. "We at AirSial, along with AerCap, will take our new partnership to the highest of standards and together make AirSial 'The Pride of Pakistan'."

(Source: AirCap news release)

FMI: www.aercap.com