Hawaii's Island Air Signs Letter Of Intent To Lease 5 ATR 42 Jet Prop Aircraft
Hawaiian regional carrier, Island Air, announced the signing of a letter of intent today, leasing five ATR 42 jet prop aircraft. The announcement is the next step in the carrier's New Business Plan (NBP) launched earlier this year.
The agreement was reached with Chicago's Aerway Leasing, LLC for 5 ATR 42 jet prop aircraft which will enable a dramatic upgrade in scale and service for the airline.
Global Aircraft Seating Industry 2016 Market Research Report
"These aircraft represent an integral part of our plan to deliver on our service commitment to the ever increasing number of guests flying with us each day and is the next step in our NBP," Island Air CEO, Lesley Kaneshiro, said of the deal. "It's a very exciting time at Island Air as we have a lot to look forward to. We are dedicated to showcasing Hawaii's unique Aloha Spirit and cultural diversity by conveying our traditional Hawaiian hospitality."
Stephen Kennicott, Managing Director of Aerway Leasing, LLC spoke of the deal, "We are thrilled with our new partnership with Island Air and look forward to supporting them in Hawaii."
The first two aircraft are set to arrive in Honolulu by end of year with three more joining the fleet in the summer of 2013.
Source : Island Air