SINGAPORE--(BUSINESS WIRE)--#Airbus--Vmo Aircraft Leasing (�Vmo�), a global full-service aircraft lessor, announced the completion of a sale and leaseback transaction for two Airbus A320-200 aircraft with Cebu Pacific (PSE: CEB), the Philippines� largest airline. The aircraft were sold and leased back to the carrier prior to the end of 2021.

�This transaction marks the commencement of a new airline relationship with one of the premier low-cost carriers in the Asia Pacific region. We are very pleased to partner with Cebu Pacific on this transaction, which was executed in a very tight timeframe and supports our client during these challenging times,� commented Marilyn Gan, Vmo Aircraft Leasing�s Senior Vice President and Head of Asia Pacific.

Cebu Pacific is optimistic that the partnership will complement its re-fleeting program.

�We thank the whole team for enabling us to complete the deal on time. We are happy to have found a new partner in Vmo and look forward to fortifying this relationship as we move forward with our fleet modernization plan,� said Mark Julius Cezar, Cebu Pacific�s Chief Financial Officer.

Vmo expresses hope that the tie-up will help Cebu Pacific maximize its network capacity as it flies toward expected recovery in 2022.

About Vmo Aircraft Leasing

Vmo Aircraft Leasing (�Vmo�) is a global commercial aircraft lessor operating through offices in Dublin, San Francisco, and Singapore. The company was launched in January 2021 by a team of aviation industry veterans and funds managed by Private Equity and Credit Groups of Ares Management Corporation. www.vmoair.com

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Kris Genise

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