Vueling to sublease six A320s from Iberia

London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

Vueling is to temporarily sublease six Airbus A320s from part-owner Iberia and take over a number of the Spanish flag carrier's routes from Madrid Barajas.

Iberia, which holds a 45% stake in the Spanish low-cost carrier, will sub-lease the aircraft to the Barcelona-based carrier for a period of eight months, beginning in early April, Vueling chief executive Alex Cruz tells CAO's sister publication ATI.

The aircraft are held on operating leases by Iberia but will be painted in Vueling colours for the duration of the renewable contract.

The agreement will boost the number of aircraft Vueling has based at Madrid to nine from the current three. Cruz says the routes will be a combination of domestic and international, but he declines to disclose which destinations Iberia will be handing over.

Beyond the eight-month contract period, Cruz says it is "undecided" whether the agreement will be renewed, partly renewed or terminated.