Jetscape leases two ex-JetBlue E-190s to Azul

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Jetscape has leased two ex-JetBlue Airways Embraer 190 aircraft to Brazilian start-up Azul.

The airliners were delivered to the Sao Paulo-based carrier this month under 12-year operating leases.

Both aircraft were acquired by Jetscape from JetBlue Airways as part of a transaction announced last year under which the leasing firm agreed to acquire four E-190s from the low-cost carrier and lease them to Azul.

"By mutual agreement among the parties involved in the transaction, Jetscape's purchase of these two E-190's completes its purchase agreement with JetBlue as opposed to the originally contemplated four aircraft transaction," says Jetscape.

Financing for the deal was provided by Germany's DVB Bank SE, as part of Jetscape's new facility with them.

With its acquisition of these two aircraft Jetscape has now been involved in 22 aircraft transactions with JetBlue both as JetBlue's remarketing agent and as a buyer.

"We are pleased to have completed the purchase of these new aircraft from JetBlue despite turbulence in the financial markets, continuing our longstanding business relations with them," says Jetscape chairman and CEO John Evans.

Azul, which was awarded an operating certificate in November 2008, flies point-to-point domestic services, initially from Sao Paulo Viracopos-Campinas airport but with future base of operations to be located at the Santos Dumont airport in Rio de Janeiro. The carrier's fleet comprises a mixture of E-190s and E-195s, the latter of which have been acquired new from Embraer.