Virgin Atlantic Airways has reached an agreement with lessor AerCap for the sale and leaseback of seven 787 aircraft.
Virgin Atlantic has the widebodies on order from Boeing and the lease terms for all of the aircraft are for 12 years.
The British airline is expected to take delivery of the first of its new 787s in October this year, deploying it on its route network covering North America, the Caribbean, Africa and the Far East.
AerCap has 10 787s in its portfolio and an additional 74 committed purchases, including those for Virgin Atlantic. The global lessor has a total of 1,300 owned and managed aircraft in its fleet and an order portfolio of 400 new aircraft.