Canada Jetlines says it needs more money

Canada Jetlines makes additional lease payments for two Airbus aircraft

TORONTO — Canada Jetlines has completed a second set of advance lease payments to AerCap for two Airbus A320 aircraft, both set for delivery by early Q2 of 2019.

Both aircraft – Airbus A320 MSNs 2594 and 2663 – are currently with Air New Zealand and are approaching end of lease service with the airline. Both are approximately 12 years old and are virtually identical in their design, features and equipment.

Jetlines has made another deposit to AerCap, a global leader in aircraft leasing and aviation finance, for US$438,000 in demonstration of their continued partnership, which was first announced in June.

To date, Jetlines has made payments totalling $2,190,000 toward securing the new aircraft.

CEO Javier Suarez said: “Our operations team has worked diligently on securing quality aircraft, carrying out a meticulous vetting process to ensure that the aircraft are fit for Jetlines’ ultra-low-cost operation … We look forward to getting these aircraft off the ground and to finally bring low fares to Canada.”

As part of the process, Jetlines retained Lufthansa Technik to carry out the preliminary inspection prior to the least agreement completion to ensure the aircraft suitability and condition. It has also retained the services of AKKA Technologies, an Aerospace design organization, to complete the cabin interior reconfiguration engineering approval, as well as Acro Aircraft Seating to manufacture new Acro Series 3 ST seats.

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