Avolon has acquired two Airbus A320 aircraft from Air Berlin under a sale and leaseback structure.

The aircraft will continue to be operated for carrier Belair, a subsidiary airline of Air Berlin.

Air Berlin chief financial officer Ulf Hüttmeyer said that Air Berlin required flexible and creative partners that could work with them to support their fleet financing requirements.

“Avolon has demonstrated that they have the capability and attitude to deliver both and we look forward to exploring the potential for further cooperation with them in the future,” he said.