12 Apr 2021

Irish Aircraft Leasing Newsletter 12 April

Aircastle Posts 2020 Passive Foreign Investment Company ("PFIC") Annual Information Statements to Website Aircastle announced that it has posted its 2020 PFIC Annual Information Statement to its website. Aircastle is considered a PFIC for U.S. Federal income tax purposes for the taxable year ended December 31 2020.  Former U.S. shareholders are advised to consult with their tax advisors with respect to the 2020 PFIC Annual Information Statement. Avolon Ends First Quarter With $7bn of Total Liquidity Avolon announced that it had $7 billion cash available to it at the end of the first quarter of this year. The lessor completed 31 lease transactions during the first quarter, including new leases, follow-ons and extensions. On March 31st it had an owned and managed fleet of 578 aircraft, with total orders and commitments for a further 264. SMBC Aviation Capital delivers Airbus A321 aircraft to Delta Air Lines SMBC Aviation Capital announced the delivery of one (1) Airbus A321 aircraft (MSN 10100) equipped with two CFM56-5B3/3 engines to Delta Air Lines. SMBC Aviation Capital delivers Boeing 787-9 to United SMBC Aviation Capital announced the delivery of one (1) Boeing 787-9 aircraft (MSN 66146) equipped with two GE nx-1B74/75 engines to United Airlines. Voyager Announces Private Exchange Offer, Consent Solicitation and In-Court Restructuring Vote Solicitations Relating to Existing 8.500% Senior Notes due 2021 and Entry into Amended and Restated Restructuring Support Agreement Voyager Aviation announced the commencement of an offer to exchange any and all of the outstanding $415,337,000 aggregate principal amount of existing unsecured 8.500% Senior Notes due 2021 issued by Voyager and Voyager Finance Co. including any accrued and unpaid interest on the Existing Unsecured Notes from the most recent date on which interest was paid until the date on which the Exchange Offer is completed, for (i) 100% of the pro forma common equity of the Company which will be subject to dilution by a post-restructuring management incentive plan, (ii) up to $150.0 million principal amount of new 8.500% Senior Secured Notes due 2026 to be co-issued by the Issuers and (iii) up to $200.0 million liquidation preference of preferred equity. In addition, in connection with the Exchange Offer, the current holders of the existing equity interests of the Company will receive their pro rata share of an additional $15.0 million principal amount of New Notes in exchange for all of their existing equity interests. Acumen Aviation © 12 April All Rights Reserved.