16 Nov 2020

Irish Aircraft Leasing Newsletter 16 November

Aircastle Announces the Delivery of One A320 NEO in a Sale Leaseback with Volaris Aircastle announced today that it completed the first of two sale and leasebacks of new A320 NEO aircraft with Volaris. This aircraft delivered new from Airbus and is the twenty-eighth NEO to enter the Volaris fleet.  Delivery of the second aircraft will follow later this month and both aircraft are being leased on a twelve-year term. CDB Aviation Issues $500 Million of Senior Unsecured Notes Under $3 Billion Medium Term Note Program CDB Leasing announced the issuance of US$500 million of senior unsecured notes in a Regulation S (Category 2) bond offering. The proceeds will fund new capital expenditure, debt refinancing, working capital, as well as other general corporate purposes. The notes were issued by CDBL Funding 1 and guaranteed by CDB Aviation, under the companies’ US$3 billion Medium Term Note Program, which is rated A1 by Moody's and A+ by Fitch, and have the benefit of a keepwell and asset purchase deed provided by CDB Leasing. LCI Appoints Jaspal Jandu As New CEO LCI has announced the promotion of Jaspal Jandu to Chief Executive Officer (CEO). Former CEO, Michael Platt becomes Vice Chairman, and Praveen Vetrivel is appointed Chief Financial Officer (CFO), with immediate effect. George Logothetis, Chairman and Chief Executive of the Libra Group, said “I am incredibly proud of everything that LCI has achieved in recent years. This is in no small part due to its excellent leadership, who have worked together for the last decade, and all of us at Libra are excited to see it enter its next chapter with such a strong senior management team.” Magnetic MRO signs new CAMO agreement with TrueNoord Magnetic MRO has announced that it has recently signed CAMO service agreement with TrueNoord. The agreement includes the re-delivery of 2 Mitsubishi Heavy Industries CRJ900 NextGen (previously Bombardier CRJ900 NextGen series) type aircraft. Nordic Aviation Capital delivered one De Havilland Dash 8-400, MSN 4231, to Cobham Aviation Services on lease Nordic Aviation Capital (NAC) announced the delivery of one De Havilland Dash 8-400, 4231, to Cobham Aviation Services on lease. Acumen Aviation © 16 November 2020 All Rights Reserved.