Vmo Aircraft Leasing Leases Two A350 Aircraft to Delta Air Lines

Rhea-AI Summary

Vmo Aircraft Leasing, based in San Francisco, has signed a long-term lease with Delta Air Lines (NYSE: DAL) for two Airbus A350-900 aircraft, delivered in October 2021. This partnership aims to support Delta's fleet renewal strategy amid increasing demand for air travel. Vmo's Chief Commercial Officer expressed optimism about the transaction, emphasizing the environmental benefits of the aircraft. Delta's Senior VP noted the A350's role in enhancing efficiency and reducing their carbon footprint, aligning with their innovative approach to fleet management.

Positive

• Long-term lease agreement enhances Delta's fleet with advanced Airbus A350-900 aircraft.
• Partnership supports Delta's strategy for fleet renewal and efficiency.
• Focus on environmentally beneficial technology aligns with market demand for sustainable aviation.

Negative

• None.

SAN FRANCISCO--(BUSINESS WIRE)-- Vmo Aircraft Leasing (“Vmo”), a San Francisco-based aircraft leasing company, announced today the signing of a long-term lease agreement with Delta Air Lines (NYSE: DAL; “Delta”) for two Airbus A350-900 aircraft. The aircraft were delivered during October 2021.

“We are very pleased to partner with Delta Air Lines on executing this transaction for these latest technology Airbus A350 aircraft,” commented Peter Watson, Vmo Aircraft Leasing’s Chief Commercial Officer. “This new relationship demonstrates our continuing commercial outreach and efforts to support airline operators as they restore capacity amidst an improving demand environment while maintaining focus on the most environmentally beneficial fleet.”

“These aircraft align with Delta’s innovative and opportunistic approach toward widebody fleet renewal and simplification while remaining focused on increasing efficiency and reducing our carbon footprint,” said Mahendra Nair, Senior Vice President of Fleet and TechOps Supply Chain at Delta Air Lines.

About Vmo Aircraft Leasing

Vmo Aircraft Leasing (“Vmo”) is a U.S.-based commercial aircraft lessor launched in January 2021 by a team of aviation industry veterans and private equity funds managed by Ares Management Corporation. www.vmoair.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20211103005776/en/

Vmo media contact:

Kris Genise

+1 415 310 2748 // info@vmoair.com

Source: Vmo Aircraft Leasing

FAQ

What aircraft is Delta Air Lines leasing from Vmo Aircraft Leasing?

Delta Air Lines is leasing two Airbus A350-900 aircraft from Vmo Aircraft Leasing.

When were the Airbus A350-900 aircraft delivered to Delta Air Lines?

The Airbus A350-900 aircraft were delivered to Delta Air Lines in October 2021.

What is the significance of the lease agreement between Delta Air Lines and Vmo Aircraft Leasing?

The lease agreement signifies Delta's commitment to renewing its fleet with environmentally friendly aircraft amid increasing demand for air travel.

What are the expected benefits of the Airbus A350-900 for Delta Air Lines?

The Airbus A350-900 is expected to enhance operational efficiency and reduce Delta's carbon footprint.

When was Vmo Aircraft Leasing founded?

Vmo Aircraft Leasing was launched in January 2021.