January 17, 2018, Shannon, Ireland
GECAS has arranged a sale-leaseback along with pre-delivery payment financing for Viva Air in a transaction for ten A320ceo aircraft to be delivered in 2018 and 2019. Viva Air has been a GECAS customer since the inception of VivaColombia six years ago and their fleet is currently comprised entirely of A320ceo aircraft powered by CFM56 engines.
The Viva Air Group, which includes VivaColombia and Viva Air Peru, was established by Irelandia Aviation and is the first and only low-cost airline in Colombia and Peru.
“We are excited to expand our fleet with these additional A320ceo’s. With these new aircraft we will start to modernize our fleet, which will allow us to offer a renewed experience to our customers, simplify processes and also offer even lower fares thanks to further cost savings,” explained Declan Ryan, founding Partner of Irelandia Aviation. “We appreciate the relationship we’ve developed with GECAS over the years and their ability to offer the PDP financing along with the sale-leaseback made this an ideal solution for our operations.”
“We value the trust Viva Air has in GECAS’ ability to create a customized solution to meet their specific needs,” said GECAS SVP Latin America, Gilberto Peralta, adding “Even prior to their first flight, we have been working with VivaColombia and we are excited to continue our partnership.”
About GECAS
GE Capital Aviation Services (GECAS) is a world leader in aviation leasing and financing. With 50 years of aviation finance experience, GECAS offers a wide range of aircraft types including narrow-bodies, wide-bodies, regional jets, turboprops, freighters and helicopters, plus multiple financing products and services including operating leases, purchase/leasebacks, secured debt financing, capital markets, engine leasing, airframe parts management and airport/airline consulting. GECAS owns or services a fleet of nearly 2,000 aircraft (1,685 fixed wing/ 310 rotary wing) in operation or on order, plus provides loans collateralized on an additional ~400 aircraft. GECAS serves ~264 customers in over 75 countries from a network of 26 offices. gecas.com
Media contact:
James Luton
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About Viva Air
Viva Air is a Panamanian headquartered group, created by Irelandia Aviation, the world’s premier low-cost airline developer, led by Declan Ryan and his team, one of the founders of Ryanair. Irelandia has successfully developed 6 LCC's around the world, namely Ryanair, Allegiant, Tigerair, Viva Aerobus, VivaColombia and Viva Air Peru, which combined have a fleet of over 420 aircraft and have carried more than 1 billion passengers to date.