Kingfisher Airlines extends its fleet by including two brand new aircrafts of the Airbus A-321

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Kingfisher Airlines Limited, India's first Full Service-True Value carrier and Pegasus Aviation Finance Company, the world's largest privately-held independent commercial aircraft lessor, recently announced the closing of a sale and lease back transaction for two brand new Airbus A-321 aircraft to be delivered to Kingfisher Airlines and to India where Kingfisher Airlines will be the first operator.  This complements Kingfisher Airlines' existing fleet of 10 Airbus A-320s and 3 Airbus A-319s.  The Airbus A-321 will be powered by IAE V-2500 engines and will be in a two class configuration consisting of 32 Kingfisher First seats and 119 Kingfisher Class seats.  Pegasus Aviation Finance Company already leases one Airbus A-320 aircraft to Kingfisher Airlines.

Kingfisher Airlines commenced commercial operations on May 9, 2005.  All aircraft inducted by Kingfisher Airlines are brand new delivered directly from the factory.  In a short span of 18 months, Kingfisher has been voted India's favourite Airline apart from receiving 3 international awards.  Kingfisher currently is India's fourth largest Airline with a national market share of 9.4%.
 
Pegasus Aviation Finance Company based in San Francisco is world's largest privately held independent commercial aircraft lessor with an owned and managed fleet of over 250 Airbus and Boeing aircraft.  Pegasus has been the world's fast growing aircraft lessor over the past 2 years and has been working in partnership with Oaktree Capital Management.