fastjet,
Africa’s low-cost airline, took delivery of its first owned aircraft on 25
September 2015. The intent to purchase this aircraft, the sixth aircraft
in the fastjet fleet, was announced on 26 August 2015 and the agreement was
signed on 23 September 2015.
The aircraft, an Airbus A319 (Manufacturer’s
Serial number 2891), was purchased from an entity managed by BBAM US LP (BBAM),
a leader in commercial aircraft leasing, financing and management,
headquartered in San Francisco, CA. The market value of the aircraft is
approximately USD15.5m. The aircraft was purchased at a discount to the market
value with the consideration being satisfied in cash.
Ed Winter
fastjet CEO commented, “This is an exciting moment for fastjet with this
aircraft not only being the first that we have purchased but also that it marks
a doubling in the size of our fleet over the past few months. I am particularly
pleased that we have purchased this aircraft from BBAM who showed confidence in
the Company by leasing the first aircraft to fastjet in 2012. This aircraft has
been earmarked to be the first in the fastjet Zambia fleet and following
reconfiguration and painting is expected to be flown to Lusaka, Zambia in early
November.”
The Company
stated an intention to create a mixed fleet of leased and purchased aircraft at
the time of the fundraising in April 2015. fastjet was advised by
SkyWorks Leasing in the purchase of this aircraft.
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