19 Mar 2019

Irish Aircraft Leasing Newsletter 19 March

Asia Aviation Capital acquires Irish Merah Aviation Asset Holding companies AirAsia Group announced 7 March its subsidiary Asia Aviation Capital acquired the entire issued and paid up share capital of Merah Aviation Asset Holding Two, Merah Aviation Asset Holding Three, Merah Aviation Asset Holding Four and Merah Aviation Asset Holding Five. The Merah Aviation companies were incorporated under the laws of Ireland on 6 March for the purposes of owning, leasing and/or financing aircraft. Fly Leasing Reports Fourth Quarter and Full Year 2018 Financial Results Fly Leasing on 7 March reported record results for 2018. The company, whose chief executive is former Aer Lingus chairman Colm Barrington reported its net income for 2018 hit $85.7m (€76.2m), compared to $2.6m in 2017. FPG Amentum and FPG arrange the acquisition of a Wizz Air A321NEO FPG and FPG Amentum announced 11 March the acquisition of one Airbus A321-200NX. The aircraft was acquired in a Sale & Lease Back transaction and is on lease to a subsidiary of Wizz Air group. SMBC Aviation Capital delivers Airbus A320neo to Gulf Air SMBC Aviation Capital announced 6 March the delivery of one (1) Airbus A320neo aircraft (MSN 8779) equipped with two (2) CFM Leap-1A26 engines to Gulf Air. The aircraft was delivered on Tuesday 5th March while the Aircraft and associated engines were located at the Airbus delivery centre in Toulouse, France. This is the second of six (6) A320NEO aircraft to be delivered to Gulf Air, with the next delivery scheduled for June 2019. WNG Capital expands team with three senior hires in US and Europe WNG Capital LLC announced 11 March three new experienced professionals to its team. Gerry Aubrey has joined as Chief Operating Officer. Jennifer Wallace has been hired to serve as Corporate Counsel & Chief Compliance Officer and Stéphane Depeyre has joined WNG’s experienced origination and marketing team as a Marketing Director. Acumen Aviation © 19 March 2019 All Rights Reserved.