HKAC closes first of three A330s for Hawaiian

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Hong Kong Aviation Capital (HKAC) has closed the first of three Airbus A330 with Hawaiian Airlines under a purchase and leaseback agreement.

The aircraft, MSN 1310, was delivered on 18 May.

Hawaiian sealed the agreement with an undisclosed aircraft lessor for the sale and leaseback of three A330-200s last autumn. The remaining two aircraft are scheduled for early 2013.

The total sale proceeds, according to the carrier, amount to $270 million, or $90 million per aircraft on average. Under the terms of the agreement, the aircraft will be operated for a period of 12 years with the option to extend an additional 24 months.

Donal Boylan, HKAC's chief executive said "Hawaiian Airlines is the leading passenger carrier to Hawaii and continues to develop significant links with our Asian markets."

"Our strategic growth plan is on schedule and we're putting these new aircraft to work where they are needed most to fulfill travel demand for Hawaii and expand our service," commented Hawaiian Airlines' chief executive Mark Dunkerley.

Next month Hawaiian will transition to A330 aircraft for its Osaka and Sydney routes.

In July Hawaiian will launch new nonstop service to New York's JFK with its A330 aircraft.