01 Feb 2025

#1 Feb 2025: Irish Aircraft Leasing Newsletter

Avolon Finalizes Acquisition of Castlelake Aviation Limited

Avolon has successfully completed its acquisition of the Castlelake Aviation Limited platform, strengthening its position as one of the world’s leading aircraft lessors. This acquisition includes 106 leased aircraft along with commitments for 10 new-technology aircraft, further expanding Avolon’s already significant portfolio. Following this transaction, Avolon now manages a total of 1,129 aircraft, including 664 owned and managed aircraft, with 465 new-technology aircraft on order. This strategic expansion aligns with Avolon’s long-term vision of enhancing its global presence and reinforcing its commitment to next-generation, fuel-efficient aircraft.

ABL Aviation Announces Appointment of New Chief Technical Officer

ABL Aviation has appointed Donal O’Shea as its new Chief Technical Officer (CTO), based in Dublin. O’Shea will oversee the company’s global technical operations, focusing on asset management and airworthiness to support the company’s long-term growth strategy. With over 25 years of experience in aviation technical operations and asset management, O’Shea has built a strong reputation for delivering innovative solutions to complex challenges. His expertise will be instrumental in strengthening ABL Aviation’s operational capabilities and ensuring its continued success in the aircraft leasing sector.

Engine Lease Finance Corporation (ELFC) Acquires A320ceo from ALM

Aircraft Leasing & Management (ALM) has completed the sale of an Airbus A320-200 (MSN 4001) to Engine Lease Finance Corporation (ELFC). The aircraft, currently leased to Avianca, remains an integral part of the airline’s fleet operations. The transaction reflects ELFC’s continued investment in single-aisle aircraft, demonstrating strong demand for narrowbody aircraft amid a sustained recovery in global air travel.

SMBC Aviation Capital Delivers Fourth Airbus A320neo to SKY Airline

SMBC Aviation Capital has delivered its fourth Airbus A320neo (MSN 12320) to Chilean carrier SKY Airline S.A. The aircraft, powered by CFM LEAP 1A-26 engines, is part of SKY’s ongoing fleet modernisation efforts. Conor Stafford, Head of Airline Marketing at SMBC Aviation Capital, expressed appreciation for the collaboration with SKY and highlighted how the addition of new fuel-efficient aircraft supports the airline’s expansion strategy across the Americas. With SKY now servicing over 40 destinations, this delivery further cements its commitment to sustainability and operational efficiency.

Acumen’s Take

On Avolon’s Acquisition of Castlelake Aviation Limited

Avolon’s acquisition of Castlelake Aviation Limited is a significant milestone in the aircraft leasing sector, further solidifying its position among the industry’s top lessors. The addition of 106 leased aircraft and commitments for 10 new-technology aircraft enhances Avolon’s ability to meet the increasing demand for fuel-efficient next-generation aircraft. This move underscores the importance of strategic portfolio expansion in an industry where scale and asset diversity are critical for long-term growth.

On ABL Aviation’s Appointment of Donal O’Shea as CTO

ABL Aviation’s appointment of Donal O’Shea brings extensive experience in aircraft asset management and airworthiness, positioning the company for continued technical and operational excellence. With aircraft lifecycle management becoming increasingly complex, having a strong leadership team with deep technical expertise is crucial for maintaining high asset value and optimising fleet performance.

On ELFC’s Acquisition of an A320ceo from ALM

Engine Lease Finance Corporation’s acquisition of an A320ceo from ALM reflects the ongoing demand for narrowbody aircraft, particularly among operators seeking reliable and efficient aircraft for short- and medium-haul routes. This transaction highlights the resilience of the single-aisle market, which continues to be a key driver of airline fleet strategies.

On SMBC Aviation Capital’s Delivery of an A320neo to SKY Airline

SMBC Aviation Capital’s delivery of its fourth A320neo to SKY Airline marks another step in the airline’s transition toward a more sustainable and cost-efficient fleet. The growing adoption of new-generation aircraft demonstrates a broader industry trend toward reducing emissions and improving fuel efficiency. As airlines prioritise operational sustainability, lessors like SMBC Aviation Capital play a crucial role in facilitating fleet modernisation across the industry.

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