28 Mar 2025
#5 March 2025: Irish Aircraft Leasing Newsletter
Jackson Square Aviation Announces Appointment of New CFO
Jackson Square Aviation (JSA) has appointed Mr. David Crull as its next Chief Financial Officer (CFO), effective March 17, 2025. He will succeed Wilson Chen, who is set to retire on June 30, 2025. JSA CEO Kevin McDonald expressed confidence in Crull’s leadership, citing his extensive experience in senior finance roles across the aviation sector. McDonald emphasised that Crull’s expertise in overseeing high-growth companies and complex financial operations will be key in driving JSA’s market expansion and strategic initiatives.
Nordic Aviation Capital Sells Two E190 Airframes and Two Engines to Regional One
Nordic Aviation Capital (NAC) has completed the sale of two Embraer E190 airframes and two engines to Regional One. Based in Miami, Florida, Regional One specialises in aircraft leasing, sales, and component supply. This transaction is part of NAC’s ongoing strategy to optimise its fleet portfolio and expand its leasing and asset management solutions.
Phoenix Aviation Capital, AIP Capital, and LuminArx Acquire Three Airbus A330-300 Aircraft
Phoenix Aviation Capital, AIP Capital, and LuminArx Capital Management have jointly acquired three Airbus A330-300 aircraft. The portfolio includes two 2012 vintage A330-300s (MSN 1346 and 1367) powered by GE CF6 engines and leased to China Airlines, as well as a 2015 vintage A330-300 (MSN 1690) leased to EVA Air. AIP Capital’s Managing Partner Mathew Adamo highlighted the seamless execution of the transaction, praising LuminArx’s efficiency and structured approach. The deal underscores the continued strong demand for widebody aircraft in the leasing market.
Acumen’s Take
On Jackson Square Aviation’s CFO Appointment
The appointment of David Crull as JSA’s CFO reflects the company’s commitment to strengthening its financial leadership as it pursues further growth. With a proven track record in aviation finance, Crull’s expertise will be crucial in navigating market fluctuations and identifying expansion opportunities. His leadership is expected to enhance JSA’s financial strategy and operational efficiency.
On Nordic Aviation Capital’s E190 Sale
NAC’s sale of Embraer E190 assets aligns with its strategic efforts to refine its portfolio while capitalising on the growing demand for regional aircraft. The deal with Regional One signals continued market activity in the regional jet segment, where demand remains steady for cost-effective and versatile aircraft solutions.
On Phoenix Aviation Capital’s A330-300 Acquisition
The acquisition of three Airbus A330-300 aircraft by Phoenix Aviation Capital, AIP Capital, and LuminArx highlights the resilience of the widebody leasing market. With China Airlines and EVA Air continuing to operate these aircraft, the deal reflects ongoing demand for fuel-efficient widebody jets in international markets. As global air travel rebounds, we expect further activity in the secondary widebody leasing market.
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