Arctic Aviation Assets – a fully owned subsidiary of Norwegian Air Shuttle – has signed a final agreement to lease out 12 Airbus 320neo aircraft to airline HK Express.
The 12 aircraft are scheduled to be delivered between 2016 and 2018.
â€œWe are delighted to work with HK Express to support their expanding network with the modern and fuel-efficient Airbus A320neoâ€, said Tore Jenssen, chief executive of Arctic Aviation Assets.
Through AAA, Norwegian has firm orders of 100 Airbus A320neo.
This aircraft type offers new, more energy-efficient engines enabling fuel savings and emission reductions of up to 20 per cent compared to previous models.
The agreement is a final confirmation of the letter of intent to lease out the aircraft announced in August 2015.
Arctic Aviation Assets is a fully owned subsidiary of Norwegian Air Shuttle, based in Dublin, Ireland.
AAA manages a portfolio of 100 aircraft for the Norwegian Group and has firm orders of 267 aircraft for delivery in 2015 to 2022 in addition to 160 purchase options.