17 Oct 2022

Irish Aircraft Leasing Newsletter

Boeing 757 and RB211 are purchased by AFG Aviation Ireland for client Geo Sky

AFG Aviation Ireland announced it completed the acquisition of one (1) Boeing 757-200F aircraft bearing MSN 25622 as well as one (1) Rolls-Royce RB211 engine with ESN 30512 from a subsidiary of ASL Aviation Holdings DAC (Ireland) for its customer Airline Geo Sky LLC (Tbilisi, Georgia).

DAE enters into a binding contract to buy Sky Fund I Irish, Ltd

A formal agreement was signed by Dubai Aerospace Enterprise (DAE) to buy 100% of Sky Fund I Irish, Ltd. and its affiliates. Sky Fund I owns 36 aircraft, which it currently leases to 14 airline clients across 11 nations. DAE CEO Firoz Tarapore said “We are delighted to acquire this unique portfolio of new technology, fuel efficient aircraft on lease to 14 airlines, including six new airline customers for DAE. This transaction will allow us to continue our growth trajectory and materially increase the proportion of new technology assets in our portfolio. DAE has a successful track record of integrating acquisitions into our business, and we look forward to welcoming additional relationships with our current customers as well as new airline customer relationships.”

Jackson Square Aviation places an order for six Boeing 737-800SF freighters

Jackson Square Aviation (JSA) announced it has placed an order for six (6) AEI Boeing 737-800SF freighter conversions commencing in May 2024 at Miami-based Commercial Jet. Jackson Square Aviation (JSA) CEO Kevin McDonald said “We are delighted to partner with AEI for the first of our passenger to freight aircraft conversions. This is a natural evolution of our fleet and allows us to expand our offering to existing and new customers. The 737‐800 freighter offers improved efficiencies and extends the life of the aircraft which supports JSA’s ESG initiatives.”

SAS and AerCap Sign Lease Extension and Retention Agreements for Six Airbus A320 Aircraft

Six Airbus A320 aircraft will be retained and their leases will be extended, according to agreements signed between AerCap and SAS. AerCap CEO Aengus Kelly said “We are delighted to support SAS as it implements its business transformation plan, ‘SAS FORWARD’, through a voluntary chapter 11 process which is expected to lead to a financially stable and profitable airline. These aircraft will help to support SAS with its objectives of being a highly competitive and operationally efficient airline.”

The delivery of two further B737-8 (MAX) aircraft to Batik Air Malaysia has been announced by Aergo Capital

Two more Boeing 737-8 (MAX) aircraft have been delivered by Aergo Capital to Batik Air Malaysia. These are the fourth and fifth MAX aircraft to be delivered to the Lion Air Group, bearing  manufacturer serial numbers 43005 and 43012. Aergo Capital CEO Fred Browne said “We are delighted to announce the successful delivery of two further Boeing 737-8 MAX aircraft to Batik Air Malaysia. We are looking forward to delivering the remaining three aircraft by the end of this year. A special thanks to everyone involved in the smooth and efficient way these deals are being completed”.

Acumen Aviation © 17 October 2022 All Rights Reserved