28 Nov 2022
Irish Aircraft Leasing Newsletter
Ashland Place Completes 5-Aircraft Financing for HPS Investment Partners and Sirius Aviation Capital
Ashland Place Finance announced the execution of a new financing transaction involving three Boeing 737-700s and two Airbus A320-200s for HPS Investment Partners and Sirius Aviation Capital Holdings Limited. Air New Zealand and Southwest Airlines Co. are currently the lessees of the aircraft under operating lease agreements. Sirius Aviation Capital CFO Kieran Ryan, said "Sirius is pleased to close this financing facility with Ashland Place. Working in collaboration with their team continues to benefit our clients and partners. The successful conclusion of this debt transaction is a continued endorsement of the market for mid-life, single-aisle aircraft and Sirius's approach to targeting top-tier lessees."
DAE successfully acquires SKY Fund I Irish Ltd
On Friday, November 18, Dubai Aerospace Enterprise (DAE) announced that it had successfully acquired the fleet of 36 airplanes that SKY Fund I Irish, Ltd. and its subsidiaries were leasing to 14 airlines in 11 countries. This acquisition had been previously publicized. DAE’s fleet will grow to 500 owned, managed, committed, and mandated-to-manage aircraft. Dubai Aerospace CEO Firoz Tarapore, said “This acquisition of mainly next generation, fuel-efficient aircraft supports our continued growth and furthers our commitment to invest in new technology aircraft, reducing the emissions intensity of our overall fleet. We are delighted to welcome our new airline relationships to the business, and deepen our relationship with existing airline customers.”
Flynas receives the first two of AviLease's twelve Airbus A320neo aircraft
The first two of AviLease's twelve Airbus A320neos on lease to Saudi carrier flynas were successfully delivered. The remaining aircraft will be delivered to the carrier before the end of the next year. AviLease CEO Edward O'Byrne, said “Today marks a significant moment in our story, and speaks to the operational pace and excellence we have set for ourselves at AviLease. From day one, we have focused on getting down to business, and these two deliveries, within four months of beginning operations, are testament to that. But this is just the start, as we look to support the burgeoning local aviation sector and drive sustainable value. I want to thank flynas, our first commercial partner—and themselves a fast-growing Saudi company—in showing their trust. We wish them continued success.”
LCI signs sustainability charter with Aircraft Leasing Ireland
LCI has signed Aircraft Leasing Ireland’s (ALI) Sustainability Charter. Signatories are committed to driving forward and achieving Environmental, Social and Governance (ESG) related goals, centred around 10 priority sustainability principles. LCI CEO Jaspal Jandu said “Sustainability is integral to LCI and we are delighted to participate in the signing of this important and ambitious Charter. LCI is uniquely positioned across the commercial fixed-wing, helicopter and advanced air mobility sectors and comprehends the need to take action now in order to prepare for the future. The journey to net zero has to be taken together, so we welcome the opportunity to shape it now.”
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