19 Jan 2025

#3 Jan 2025: Irish Aircraft Leasing Newsletter

Abelo Expands ATR72-600 Fleet

ATR and Abelo have reinforced their partnership through significant updates to Abelo’s fleet. The company has converted its original order of 10 ATR 42 STOL (Short Take-Off and Landing) aircraft into a combination of five ATR 42-600 and five ATR 72-600. Additionally, Abelo has bolstered its fleet by firming up orders for three more ATR 72-600s.

Stephen Gorman, CEO of Abelo, remarked on the company’s commitment to sustainable regional connectivity, stating, “By diversifying our fleet with ATR 42-600 and 72-600 aircraft and adding three new ATR 72-600, we continue to provide our customers with exceptional performance, reduced emissions, and enhanced passenger comfort.” This strategic expansion aligns with Abelo’s dedication to low-emission solutions and enhanced regional aviation services.

Aergo Capital Acquires One Airbus A320 Family Aircraft

Aergo Capital has acquired an Airbus A320 family aircraft (MSN 5660) from Deucalion Aviation on behalf of a managed client. The aircraft, currently on lease to Wizz Air, marks a milestone as Aergo’s first transaction with Deucalion Aviation.

Fred Browne, CEO of Aergo Capital, expressed enthusiasm about the partnership, stating, “This marks our first transaction with Deucalion, and we look forward to working with them again on many more in the future. We also extend our gratitude to Wizz Air for their flexibility and collaboration throughout this process.” The transaction highlights Aergo’s commitment to fostering strong industry partnerships and diversifying its portfolio.

Deucalion Aviation Delivers Airbus A321-200 to Turkish Airlines

Deucalion Aviation Limited successfully delivered a 2014-built Airbus A321-200 to Turkish Airlines on a long-term operating lease. The aircraft, powered by IAE V2527-A5 engines, represents Deucalion’s ability to meet the demand for reliable and efficient narrow-body aircraft in the global aviation market.

This transaction further strengthens Turkish Airlines’ fleet capabilities and aligns with its focus on maintaining a robust and efficient operational framework.

Porter Secures Sale and Leaseback with Avolon for Four Pratt & Whitney PW1921G Engines

Porter Aviation Holdings Inc.’s subsidiary, Porter Aircraft Leasing Corp, has entered into sale and leaseback agreements with Avolon for four Pratt & Whitney PW1921G engines. These engines will support Porter’s growing fleet of Embraer E195-E2 aircraft, expected to be delivered in 2025 and 2026.

Steven Graham, Avolon’s Head of Americas, Europe, and OEM, commented, “These GTF engines will provide the certainty to support Porter as it continues to execute its exciting growth plans for the region.” The transaction reflects the strong collaboration between Porter and Avolon, building on their history of successful sale and leaseback agreements.

Acumen’s Take

On Abelo’s Fleet Expansion

Abelo’s decision to diversify its fleet with ATR 42-600 and ATR 72-600 aircraft highlights the increasing importance of sustainability and efficiency in regional aviation. Acumen recognises this move as a testament to the growing demand for low-emission solutions and enhanced connectivity. Such fleet updates are pivotal in addressing regional carriers' evolving needs and maintaining competitive advantages.

On Aergo Capital’s A320 Acquisition

The acquisition of the Airbus A320 family aircraft reflects Aergo’s proactive approach to expanding its portfolio while building strong partnerships within the leasing community. Acumen views this transaction as a strategic milestone that emphasizes flexibility and collaboration in meeting the needs of lessees like Wizz Air.

On Deucalion Aviation’s A321-200 Delivery

Deucalion’s delivery of the Airbus A321-200 to Turkish Airlines underscores the importance of long-term operating leases in today’s aviation ecosystem. Acumen applauds this transaction as an example of how lessors are supporting airlines in maintaining fleet modernisation and operational efficiency.

On Porter’s Sale and Leaseback Agreements with Avolon

Porter’s sale and leaseback agreement with Avolon for Pratt & Whitney engines demonstrates the critical role of innovative financing in supporting airline growth plans. Acumen recognises this collaboration as a strategic alignment that ensures financial flexibility for Porter while strengthening Avolon’s position in the market for high-demand engine leasing.
 

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