Aircastle announces repossession of aircraft from Avianca Brazil

Aircastle has released that it has repossessed its ten A320-200 aircraft that were previously on lease to Avianca Brazil.  The ten A320-200 aircraft are now transitioning to committed long-term leases with a major international carrier.

Mike Inglese, Aircastle’s Chief Executive Officer, stated, “We are pleased to have reached an important milestone in the transition of these aircraft to a new global operator.  In line with our expectations that these highly in-demand modern aircraft would be quickly placed, we now anticipate that these aircraft will return to service on their new leases during the current quarter.”

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