flypop signs A330-300 lease deal with Avolon

flypop said it has signed a multiple aircraft A330-300 lease deal with Avolon, the world’s third-largest aircraft lessor. Based in Ireland, Avolon provides lease and lease management services to airlines and airline investors globally. The flypop team has been in discussions with a number of leasing companies over the past few months, however, Avolon offered the most competitive rate and a pipeline of aircraft into 2023.

Navdip Singh Judge, CEO of flypop, said, “As a twin-engine double-aisle widebody that can carry over 400 passengers, the A330-300 aircraft will deliver everything we want to offer our flypop passengers, especially the lowest seat prices to India. With this lease deal we have been able to submit our AOC license application to the UK Civil Aviation Authority and expect our first flights to commence by October. And many thanks to the UK government’s Future Fund for its financial assistance, which has enabled us to raise further funding. Increased flight connectivity, especially on new routes, will create much needed economic benefits for both the UK and India.”

Martyn Lewis, senior vice president for marketing (Europe, Middle East & Africa) at Avolon, added: “We look forward to working with flypop on its exciting imminent launch of flights between the UK and India. We will work with flypop on its future growth strategy and expansion of routes and provide further aircraft as required. At launch, flypop will commence operations with one aircraft and plans to add an extra aircraft every six months. It’s not every day we help launch a new British long-haul scheduled carrier.”