Lessor backs launch of Heston Airlines | News | Airfinance Journal

Lessor backs launch of Heston Airlines

Dublin-based aircraft leasing company Genesis has revealed it is helping to launch Lithuanian start-up Heston Airlines.

Heston Aviation and Genesis announced a "strategic alliance" to launch ACMI and charter services in 2021 via the delivery of additional Airbus A320 aircraft.

In December Airfinance Journal reported that Heston had received its first aircraft, with a second due for delivery. Both are owned by Genesis.

“Since March 2020, Genesis has been working together with the Heston team on this innovative way to bring flexible lift directly into the charter and ACMI airline market, providing both wet and dry leasing solutions to airlines as they start to take off with the vaccine roll-out across Europe.”

"The possibility to leverage Genesis’ global portfolio of aircraft and unparalleled expertise will contribute to both our growth as a company, and to our ability to offer significantly better, faster, more flexible, and cost-efficient services to our clients," said Heston Airlines chief executive Jonas Rinkauskas.

The Lithuanian start-up carrier plans to launch operations in April this year.

Transaction SnapshotHeston Airlines | Operating lease | 05-21 | 3xA320

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