21 Mar 2025
#4 March 2025: Irish Aircraft Leasing Newsletter
High Ridge Aviation Acquires Korean Air Boeing 787-9 from ORIX Aviation
High Ridge Aviation has successfully acquired MSN 34814, a Boeing 787-9 Dreamliner, from ORIX Aviation. The aircraft remains under lease with Korean Air as part of its fleet strategy. CEO Greg Conlon expressed gratitude for the collaboration with ORIX Aviation and reaffirmed High Ridge Aviation’s commitment to supporting airline partners with high-quality fleet solutions. The transaction reflects the company’s continued focus on strategic investments and strengthening relationships within the aviation industry.
Jackson Square Aviation Orders 50 A320neo Family Aircraft
Jackson Square Aviation (JSA) has announced its first direct purchase from Airbus, securing an order for 50 A320neo Family aircraft. This move marks a major expansion of JSA’s partnership with Airbus, reinforcing its position as a leader in fuel-efficient narrowbody fleet solutions. CEO Kevin McDonald emphasised the significance of this milestone, highlighting JSA’s commitment to providing airlines with superior fleet and financing solutions. The addition of the A320neo to JSA’s portfolio aligns with its long-term growth strategy and enhances its ability to meet airline demand for modern, fuel-efficient aircraft.
SMFL and LCI to Acquire Macquarie Rotorcraft
Sumitomo Mitsui Finance & Leasing Co (SMFL) and LCI Investment have announced the acquisition of Macquarie Rotorcraft Limited (MRL), a leading global helicopter lessor. The deal will expand SMFL LCI Helicopters Limited’s fleet to approximately 310 aircraft, strengthening its presence in offshore transportation, emergency medical services, search and rescue, and utility markets. While transaction terms remain undisclosed, the integration will allow the combined business to leverage operational synergies and expand its customer base, further solidifying its position in the helicopter leasing sector.
Acumen’s Take
On High Ridge Aviation’s 787-9 Acquisition:
The acquisition of this Dreamliner underlines High Ridge Aviation’s growing influence in the aircraft leasing market. The continued lease with Korean Air ensures stability and aligns with the carrier’s long-term fleet strategy. This transaction highlights ongoing investor confidence in widebody leasing despite the aviation sector’s evolving demand dynamics.
On Jackson Square Aviation’s A320neo Order:
Jackson Square Aviation’s decision to secure 50 A320neo Family aircraft signals a strong commitment to next-generation fuel-efficient aircraft. The A320neo’s continued popularity among lessors and airlines alike showcases the industry's shift toward sustainability and cost-effective operations. JSA’s first direct order with Airbus strengthens its ability to offer long-term fleet solutions to airlines worldwide.
On SMFL and LCI’s Acquisition of Macquarie Rotorcraft:
The expansion of SMFL LCI Helicopters Limited through the acquisition of Macquarie Rotorcraft is a significant development in the helicopter leasing sector. By increasing its fleet and broadening its service portfolio, the joint venture is well-positioned to capitalise on rising demand in key verticals such as offshore energy and emergency services. This move further consolidates LCI’s leadership in the helicopter leasing market.
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