Aviation finance firm Avolon has delivered the first of six Boeing 737-8 Max aircraft to customer Virgin Australia.
It has agreed a sale and leaseback deal with the airline.
Virgin Australia has been an Avolon customer since 2011 and Avolon already has eight aircraft on lease to the airline.
The new aircraft will support Virgin Australia’s fleet growth.
Paul Geaney, President and Chief Commercial Officer, Avolon said: “We have a strong and long-standing relationship with Virgin Australia and are delighted to support their plans with six new 737-8 Max aircraft. The scale of our orderbook and balance sheet give us the ability to provide our customer airlines with bespoke solutions.”
This delivery will be the 12th 737-8 Max aircraft in Virgin Australia’s fleet.
Race Strauss, Chief Financial Officer at Virgin Australia, added: “We value our ongoing partnership with Avolon and we are pleased to welcome our first 737-8 Max with the lessor. We look forward to building on our relationship with Avolon through future deliveries.”
