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Press Release

SALE Leases First A321 to Livingston

30 Apr 2003

Singapore Aircraft Leasing Enterprise (SALE) has delivered the first of two A321s for Italy’s Livingston SpA, the new short and medium haul subsidiary of travel conglomerate Gruppo Ventaglio. The second A321 will be delivered in May, with both aircraft leased to the carrier on 10-year terms.

Powered by IAE V2500 engines, the A321s are the first aircraft to join the airline and will fly on services from Italy to Southern Europe, North Africa and the Middle East. Both are being delivered new from the Airbus final assembly facility in Hamburg and are part of SALE’s firm orders with Airbus, totalling 51 A320 family aircraft.

Robert Martin, Managing Director of SALE, said that the company was pleased to play a role in the fleet acquisition programme at the carrier.

“This deal demonstrates the role lessors play in enabling airlines to inaugurate service with brand new aircraft,” he said. “We look forward to a long and fruitful relationship with Livingston and wish the airline every success in the future.”

Incorporated in 1993, SALE has swiftly grown to become one of the world’s leading aircraft leasing companies. Altogether, the company’s portfolio now comprises 46 modern aircraft, with 25 more on firm order for future delivery. Offering true global coverage, SALE has offices in Singapore, London, Washington D.C. and San Diego, California.

Gruppo Ventaglio is one of the most important operators in the Italian tourism market. In addition to Livingston, it also operates long haul services to the Caribbean and South America under the Lauda Italia brand.

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For further information, please contact:
Sean LEE
Tel: +65 96196549
e-mail: sean.lee@saleleasing.com