Vueling has signed the purchase agreement for the purchase of 62 narrow-body passenger jets with a total value of US$5.4 billion, as well as options to purchase a further 58 aircraft from Airbus. The new aircraft will replace some older aircraft in the fleet as well as expand the fleet numbers overall. Milbank advised Vueling on the transaction, with the team led out of London by Transportation & Space Group senior associate Jo Syrett.
James Cameron, partner and London department head noted that “We were pleased to be involved in such a significant transaction and congratulate Vueling on achieving a successful purchase which is key to its long term strategy.”
This deal follows another very recent deal the team closed for TUI Travel, where TUI Travel ordered 60 aircraft from Boeing valued at US$6.1 billion, as well as purchase options for a further 90 aircraft.
