ABL Aviation Successfully Delivers Fourth Airbus A321neo to Pegasus Airlines Through JOLCO Financing

2023-05-22 20:24:48

ABL Aviation has just successfully completed a fourth Airbus A321neo from Pegasus Airlines. The transaction was financed through the Japanese leasing structure “JOLCO” (or “Japanese Operating Lease with Call Option”). This aircraft is the fourth Airbus A321neo to have been delivered to Pegasus Airlines.

This transaction was carried out in the wake of an agreement concluded in April 2020. Initialed at the height of the COVID-19 pandemic, this historic agreement had sealed the first remote delivery of an aircraft in the history of the aviation.

Commenting on the recent transaction that has just been concluded with Pegasus, Ali Ben Lmadani, CEO of ABL Aviation, said: “We are delighted to complete, successfully, another aircraft delivery on behalf of our client Pegasus Airlines. , with whom we have a long-standing relationship. This fourth transaction that we have concluded with this customer bears witness to the quality of our partnership with Pegasus and demonstrates more than ever the full tenor of our commitment to creating tailor-made solutions and to financing new-generation Airbus NEO aircraft, which are extremely respectful of the environment and strongly support the growth objectives of our customers. »

For his part, Tamer Yüzüak, Executive Vice President of Finance and Fleet Management of Pegasus Airlines, added: “We are pleased with the quality of our collaboration with ABL Aviation, both during difficult times and conducive. Thanks to the JOLCO financing of this A321neo aircraft, Pegasus Airlines continues to strengthen its fleet by welcoming Airbus NEO family aircraft that are equipped with advanced technologies and are very environmentally friendly. Today, we operate no less than 97 aircraft, of which almost 75% are aircraft belonging to the A320neo family and equipped with the brand new CFM LEAP-1A engines. We are one of the main airlines to have signed the IATA “Net Zero Carbon Emissions” commitment. It is also in line with this commitment and the achievement of our “Fly Net Zero” objective that we are consolidating our fleet with the new generation Airbus NEO aircraft”.

Incorporating the very latest technologies in the aviation sector, the A321neo alone allows a fuel saving of 20% thanks to its new generation engines and its extremely innovative design. The A321neo also offers a very wide range of environmental benefits since it results in a reduction of almost 50% in the noise footprint compared to aircraft belonging to the previous generation. Such performance will enable Pegasus to achieve its most ambitious sustainability goals, including full CO2 neutrality by 2050.

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