26 Jan 2025
#4 Jan 2025: Irish Aircraft Leasing Newsletter
AerFin Strengthens Aircraft Portfolio with Ex-JAL Boeing 777-300ER
AerFin has successfully completed the acquisition and teardown of a retired Boeing 777-300ER, previously operated by Japan Airlines. This transaction involved technical acceptance work in Japan, a ferry flight to the U.S., and the efficient teardown of the airframe for parts reuse. AerFin CEO Simon Goodson emphasised the company's expertise in managing complex projects and its commitment to Asia-Pacific markets, particularly Japan. This move reinforces AerFin's ability to deliver sustainable solutions through parts recycling and reuse.
Avolon and Air New Zealand Partner to Revolutionize Sustainable Aviation
Avolon and Air New Zealand have signed a Memorandum of Understanding (MOU) to advance the commercialisation of electric and clean-tech aircraft. The collaboration includes the sale and leaseback of a BETA Alia CX300 electric cargo aircraft, which will be used for cargo transport by New Zealand Post starting in 2026. This partnership aligns with global ambitions for net-zero aviation and reflects Avolon’s commitment to fostering innovation. Avolon CEO Andy Cronin highlighted the role of lessors in driving sustainable advancements within the aviation sector.
Clover Aviation Capital Opens New Dublin Office
Clover Aviation Capital has inaugurated its new office at 2 Grand Parade, Dublin, strategically located on the Grand Canal. This state-of-the-art facility symbolises Clover's global expansion and commitment to sustainability. Gareth Delany, Clover’s Executive Director and Chief Technical Officer, expressed optimism about the company’s growth trajectory, calling the office a reflection of Clover’s vision for success in the aviation industry.
Nordic Aviation Capital (NAC) and SAS Finalize Lease Agreement for Three E195 Aircraft
Nordic Aviation Capital (NAC) has entered into a lease agreement with SAS for three E195 aircraft. These jets will serve SAS's key hubs in Copenhagen, Oslo, and Stockholm. This agreement highlights NAC’s ongoing partnership with SAS and its role in supporting regional aviation with efficient, modern aircraft.
Acumen’s Take
On AerFin’s Boeing 777-300ER Teardown
AerFin’s acquisition and teardown of the Boeing 777-300ER is an exemplary case of how sustainable practices can be integrated into aviation asset management. Acumen views this as a strategic move that not only repurposes retired aircraft but also supports the growing demand for recycled parts in the aviation supply chain.
On Avolon and Air New Zealand’s Partnership
The collaboration between Avalon and Air New Zealand sets a benchmark for innovation in sustainable aviation. By advancing electric aircraft and clean propulsion technologies, the partnership signifies a forward-looking approach that aligns with the industry’s net-zero goals. Acumen recognises this as a pivotal step in transforming how lessors and airlines contribute to sustainable aviation.
On Clover Aviation Capital’s Dublin Expansion
Clover’s new Dublin office represents the company’s commitment to growth and operational excellence. The strategic location in one of the world’s aviation hubs reinforces Clover’s focus on sustainability and innovation. Acumen applauds this development as it strengthens Dublin’s position as a leading global centre for aviation leasing and finance.
On NAC-SAS Lease Agreement
NAC’s lease agreement with SAS underlines the importance of reliable partnerships in regional aviation. By providing three E195 aircraft, NAC is enabling SAS to optimise operations across its primary hubs. Acumen sees this as a continuation of NAC's commitment to supporting efficient and sustainable regional aviation.
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