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Volaris to lease 16 more new aircrafts

Early deliveries of A320neo and A321neo driving increased fleet efficiency and growth.

MEXICO CITY – Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (“Volaris”), the ultra-low-cost airline serving Mexico, and the US, has signed a letter of intent with a leading aircraft lessor for 16 aircraft, comprised of ten new A320neo and six new A321neo, driving fleet growth while significantly enhancing efficiency. These NEO aircraft, powered Pratt Whitney’s PW1100G engines, will be delivered between 2016 and 2018, as summarized in the table below:

Volaris CEO Enrique Beltranena commented: “These 16 aircraft together with the existing orders underpin the Volaris growth strategy by having a young, efficient and uniform fleet. Early delivery of next generation, fuel efficient Airbus A320neo and A321neo will allow us to maximize the use of airport slots in key markets and continue to further reduce our operating costs.”

According to the aircraft manufacturer, Airbus S.A.S., the A321neo provides a reduction of approximately 18% in operating cost per seat versus the existing A320 with sharklets in Volaris’ high density configuration.

These aircraft are in addition to the 50 aircraft under Volaris’ existing order and operating lease arrangements that are scheduled for delivery between 2014 and 2020.

The transaction is subject to the conclusion of satisfactory final documentation and customary corporate approvals.

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Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.

She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.

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