Azul to sub-lease E195 fleet to LOT and US start-up
Azul is to sub-lease its entire fleet of Embraer 195s to LOT and US start-up Breeze Aviation, in order to accelerate a transition to the more fuel-efficient E195-E2 variant. The airline has disclosed a letter of intent for the sub-lease of 18 firm aircraft and 14 options to LOT, subject to the Polish carrier’s corporate approvals. LOT had already previously acquired 7 E195s from Azul. Azul says it will also sub-lease up to 28 E195s to Breeze – the parent company of an as-yet-unnamed Salt Lake City-based start-up that is also controlled by David Neeleman. All 53 of Azul’s E195s are to be phased out by the end of 2022, although the airline’s CFO Alex Malfitani said that this would “most likely” occur by 2021. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-01-29/star/azul-to-sub-lease-e195-fleet-to-lot-and-us-start-up
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Azul to sub-lease E195 fleet to LOT and US start-up
Azul is to sub-lease its entire fleet of Embraer 195s to LOT and US start-up Breeze Aviation, in order to accelerate a transition to the more fuel-efficient E195-E2 variant. The airline has disclosed a letter of intent for the sub-lease of 18 firm aircraft and 14 options to LOT, subject to the Polish carrier’s corporate approvals. LOT had already previously acquired 7 E195s from Azul. Azul says it will also sub-lease up to 28 E195s to Breeze – the parent company of an as-yet-unnamed Salt Lake City-based start-up that is also controlled by David Neeleman. All 53 of Azul’s E195s are to be phased out by the end of 2022, although the airline’s CFO Alex Malfitani said that this would “most likely” occur by 2021. <br/>
