AWAS agrees to lease three additional new A320 aircraft to Spring Airlines

AWAS announced today that it has agreed to place an additional three new A320 passenger aircraft on lease with Spring Airlines in China. These aircraft come from AWAS’ existing pipeline order and will be delivered to the airline in 2014 to assist with their growth needs: domestically and to new, planned pan-regional routes such as Singapore.

Ms. Zhang Xiu Zhi, CEO Spring Airlines commented on the deal. “We are very pleased to be expanding our relationship with AWAS, who has proven themselves over just a few years to be a trusted and valuable partner to Spring. China has embraced our low cost, high quality business model and we thank all our customers for allowing us to expand further to serve them even better.”

“AWAS is proud to have been selected again by Spring Airlines to assist with their growth plans. Their solid, low cost model is extremely well-positioned to capitalise on the increasing domestic and regional need for economical leisure and business air travel.” said Ray Sisson, President & CEO AWAS.

Marlin Dailey Chief Commercial Officer AWAS commented, “For over two decades AWAS’ platform has been helping airlines in China gain access to the right aircraft, at the right time…to assist with their growth and success. We thank Spring for the continued trust they have placed in us.”

AWAS was one of the first lessors to place aircraft in China, beginning in the early 1990’s.