San Francisco – August 4, 2020 – SKY Leasing (“SKY”), a full-service aircraft asset manager, announces it has signed an agreement for the sale and leaseback of (6) A321-200NEO aircraft with JetBlue. The transaction covers deliveries to JetBlue from Q2 to Q4 2020.
“We are excited for the new partnership with SKY Leasing. This transaction will help us offset our capital expenditures on our newest and most fuel-efficient aircraft in 2020 as we continue to focus on minimizing cash burn” said Steve Priest, Chief Financial Officer at JetBlue.
“We are pleased to start this new partnership with JetBlue and demonstrate our ability to quickly execute large-scale sale-leasebacks despite the challenging backdrop that Covid-19 presents” said Austin Wiley, Chief Executive Officer SKY Leasing. “The A321NEO and the JetBlue relationship represents the foundation of our strategy focusing on sale-leasebacks with top tier airlines on new and next generation technology”.
If you require any further information, please contact:
Anne Marie Scaramuzza
Tel: +1 415 655 5000
About SKY Leasing
SKY Leasing (“SKY”) is a premier aircraft leasing asset manager with offices in Dublin, Ireland and San Francisco, California. It was founded in 2019, in partnership with M&G Investments which acquired a stake in the business and invested $300 million of equity in its first fund. As a full service leasing platform, SKY leverages its experience, global network, industry insights and managerial talent to acquire and lease new and young mid-life aircraft. SKY’s corporate mission is to be a leading capital provider to airlines globally for sale and leaseback transactions.
For more information about SKY Leasing, visit www.skyleasing.com.
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