17 Jun 2019
Irish Aircraft Leasing Newsletter 17 June
Aircastle Announces Pricing of $650 Million Aggregate Principal Amount of Senior Notes
Aircastle announced 10 June the pricing of its 4.250% senior notes due 2026 at an issue price of 99.515%. Aircastle plans to use the net proceeds of the offering for general corporate purposes, which may include the refinancing of its existing indebtedness.
Amedeo Announces the Opening of Tokyo Branch; Mashahiro Mita and Kinichi Yuki Join Team
Amedeo announced 11 June the expansion of its platform into the Japanese market with the opening of Amedeo Tokyo. The Amedeo Tokyo Branch will foster continued growth in Amedeo’s capabilities in both aircraft asset management, new business origination, sourcing of debt and equity opportunities and principal aircraft investment. In connection with the opening of the Branch, Masahiro Mita and Kinichi Yuki have joined the Amedeo team in Tokyo, as General Manager of the Tokyo Branch and Senior Finance Consultant respectively.
GECAS announces new Regional Manager for Latin America & Caribbean
GECAS announced 11 June the appointment of Priscilla Branco as its new Regional Manager for Latin America & Caribbean (LAC). Priscilla, a native of Rio de Janeiro, has over a decade of experience working in the aviation sector in the LAC market. In this role, she will be responsible for developing and executing the commercial strategy for GECAS’ fixed wing aircraft for the region.
SMBC Aviation Capital delivers Boeing 787 to Avianca
SMBC Aviation Capital announced 7 June the delivery of one (1) Boeing 787-9 aircraft (MSN 43983) equipped with Trent 1000 engines to Avianca. This aircraft is the first delivery of a three (3) B787-9 sale and lease back PDP financed transaction with the airline. The second and third aircraft are expected to deliver in 2021.
SMBC Aviation Capital reports FY2018/19 pre tax profit of $344 million
Dublin aircraft lessor SMBC Aviation Capital announced 11 June a record profit before tax of $344 million for the financial year end of March, an increase of almost 8% year-on-year. The company also reported a record $1.1 billion of overall income from continuing operations with the placement of 47 aircraft its order book, the sale and leaseback of 40 aircraft and the sale of 30 aircraft. Peter Barrett SMBC Aviation Capital CEO said "This was a record year for revenue and profitability driven by our highly experienced and dedicated team who focused on delivering a positive customer experience for our airline and trading partners across the globe. We maintained a well-balanced and managed aircraft portfolio which was supported by the announcement in December 2018 that we will take delivery of an additional 65 new A320 NEO aircraft between 2023 and 2025.This highlights our commitment to future growth with the most technologically advanced and fuel-efficient models in line with our customers’ specifications across the globe.”
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