Oasis Leasing has announced the acquisition of a new Airbus A321 and two Bombardier CRJ-100ER aircraft that will enter service with Air Canada on a 10-year lease financed utilising a $200m umbrella facility signed in November 2000.
The A321 was delivered fresh from the Airbus Industrie production line and is part of the highly popular A320 family of aircraft. It is powered by CFM56-5B3 engines and has a range up to 5,550 kilometres.
For Air Canada, it will accommodate 166 passengers in a two-class configuration.
Commenting on the transaction, Gordon Dixon, CEO Oasis Leasing, said, "This is a groundbreaking transaction for Oasis in a number of ways. In addition to being our first acquisition of a new aircraft, we are delighted to have Air Canada as an important new customer."
Coming on the back of a solid set of interim financials and the recently announced Continental Airlines transaction, the Air Canada deal is a clear sign the Abu Dhabi-based leaser is accelerating its growth strategy.
Dixon added: "Oasis has made no secret of its plans to grow the company and this represents a further step in the attainment of our ongoing plans.
In addition to creating more asset and geographic diversity in the business, it also improves the average age of the assets in our portfolio."
TTN is the most established trade publication in the Middle East distributed on a controlled circulation basis to members of the travel and tourism industry.
Published monthly by Al Hilal Publishing and Marketing Group, the region’s foremost trade publisher, TTN is aimed at professionals in the industry, from travel agents to airline and hotel personnel.
TTN provides in-depth and extensive coverage of relevant issues in the Middle East and North Africa as well as in other parts of the world. Travel related news, analysis, and new appointments together with information on up-coming exhibitions, marketing and promotional campaigns are presented in an innovative and striking colour tabloid.
Every issue also contains a collation of international and regional news and topical features of interest to readers.