Valuair Finalises Leases with SALE
25 Feb 2004
Valuair, Singapore’s new budget carrier, today signed agreements with Singapore Aircraft Leasing Enterprise (SALE) for the lease of two new A320 aircraft. The documents were signed by Valuair Chairman Lim Chin Beng and SALE Managing Director Robert Martin at the Asian Aerospace Exhibition, currently taking place in Singapore.
The two aircraft leased by Valuair are currently nearing completion at the Airbus final assembly line, with delivery of the first aircraft due in the second half of March. The aircraft will be powered by IAE V2500 engines and will seat 162 passengers in a comfortable single class layout.
Speaking at the ceremony, Lim Chin Beng gave a glimpse into Valuair’s service offering, “We are a budget airline – but with a difference. We are not going to focus only on cost. Yes, our price will be low but that will be combined with other benefits that passengers will look for.”
Robert Martin said that SALE was pleased that Valuair had chosen to source its aircraft from the locally-based leasing company.
“The emergence of the budget travel phenomenon in the region will stimulate additional traffic, creating opportunities both for new carriers and also leasing companies which supply their aircraft," he said. “We look forward to seeing our aircraft fly in the colours of Valuair and wish the airline very success."
Celebrating its 10th Anniversary this week, SALE is the leading Asia-based leasing company. Offering true global coverage, the company currently has 53 aircraft in service with 28 airlines worldwide and offices in Singapore, London, Washington D.C. and San Diego, California.
SALE has been particularly successful within the new budget and low cost carrier segment. Apart from Valuair, customers form the sector also include Air Asia (Malaysia), America West (USA), easyJet (UK), Frontier Airlines (USA), jetBlue Airways (USA), Jetstar (Australia) and volareweb.com (Italy).
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