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Three A320-200s sell in slow market

16 July 2009

Asset management company, Avinco, has arranged the sale of three A320-200s, despite complex market conditions.

Read more: Avinco TES Aircraft Values A320

Avinco has arranged the sale of three A320-200s to TES Parts Limited on behalf of GAFC Leasing, a Cayman-based company. The 1990-91 vintage aircraft fitted were operated by Clickair Airlines of Spain.

Two aircraft will remain in service and one will be parted out by the new owner. Lovells represented GAFC Leasing and Stephenson Harwood acted for TES Parts Limited.  

The transaction required early lease terminations because ClickAir was looking to consolidate its fleet before its merger with Vueling. "It was...

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