16 Sep 2019

Irish Aircraft Leasing Newsletter 16 September

AerCap Celebrates the Delivery of the First Embraer E195-E2 to Azul AerCap announced 12 September it has delivered the first Embraer E195-E2 on operating lease to Brazilian carrier, Azul Airlines. The aircraft, powered by Pratt & Whitney GTF™ engines, will be the first of its type to enter into commercial service next month. AerCap is the launch lessor customer of Embraer's E-Jets E2, with a total of 50 Embraer E190-E2s and E195-E2s owned and on order. The lessor has placed 47 of the 50 aircraft. Aengus Kelly, CEO of AerCap said, "Everyone at AerCap is thrilled to deliver the world's first Embraer E195-E2 aircraft to Azul.  We have no doubt that this incredible aircraft will drive two of Brazil's global leaders to new heights. We wish both Embraer and Azul every success with the E-Jets E2 program and we look forward to working with both of them for many, many years to come." AerCap Sells Second Aircraft Portfolio to NCB Capital AerCap announced 11 September that it has signed an agreement to sell a 19-aircraft portfolio to Dara Aviation ("Dara"), an Irish entity established by NCB Capital. NCB Capital has $40bn of assets under management and is the brokerage arm of the National Commercial Bank, the largest bank in Saudi Arabia. This is the second portfolio acquired by NCB Capital from AerCap following their purchase of 21 aircraft in 2017, which AerCap services. The 19-aircraft portfolio consists of a mix of wide-body and narrow-body aircraft on lease to airlines around the world. Six West and AFTA Launch Student Initiative Competition Six West, a world-leading provider of flight operations services to aircraft lessors, airlines and private aviation in collaboration with the Cork-based Atlantic Flight Training Academy (AFTA) are delighted to launch their Student Initiative Competition on the 30 September 2019. The competition, which is open to all students in Ireland from transition to sixth year, is designed to create awareness of Ireland’s thriving aviation industry and to encourage students to consider a career in the field. Speaking from Six West’s Dublin headquarters, co-founder Jason Williamson states, “As an aviation business with both Irish and international branches, it is vital that we make students aware of the variety of training opportunities available locally, that can lead to fulfilling careers in aviation. Retaining young talent on our shores is essential for Ireland to maintain its position as a global leader in the industry. Whilst other countries are intent on closing the gap that Ireland has built for itself over the past decades, we must focus on nurturing the next generation of aviation professionals”. Acumen Aviation © 16 September 2019 All Rights Reserved.