24 Jun 2019

Irish Aircraft Leasing Newsletter 24 June

Accipiter Holdings purchases 20 A320neo aircraft Accipiter has signed a Purchase Agreement to acquire 20 A320neo aircraft. The order, which was disclosed during the Paris Air Show by Paul Sheridan, Accipiter CEO and Isabelle Floret, Head of Leasing Markets, had been completed in March 2019, and was listed in the order books as undisclosed. Aergo Capital builds on their relationship with AviaAM Aergo Capital 18 June announced the acquisition of one Airbus A321-200 aircraft (MSN 4461) from AviaAM Leasing (Lithuania). The aircraft is subject to an operating lease with SmartLynx (Lithuania). GECAS and David Neeleman agree to a Letter of Intent for Nine A220-300 aircraft GECAS and David Neeleman’s new airline, codenamed ‘Moxy’, have agreed to a Letter of Intent for the purchase and leaseback of nine A220-300 aircraft with deliveries scheduled in 2021 and 2022 it was announced on 17 June. Declan Kelly, Chief Commercial Officer of GECAS said “The A220 is ideal for this new venture – the new type is uniquely suited to serve smaller markets by providing the range needed for point-to-point operations with the right economics.” GECAS orders 10 737-800 Boeing Converted Freighters, adds 15 options GE Capital Aviation Services (GECAS) signed an agreement with Boeing at the Paris Air Show exercising 10 purchase rights to firm orders and adding 15 more purchase rights for the 737-800 Boeing Converted Freighter (BCF). Richard Greener, SVP and Manager, GECAS Cargo said “Our leasing customers are very pleased with the versatility and reliability of these freighters. It’s enabling operators to replace aging freighters and meet the rapidly growing express cargo market.” Genesis announces appointment of Karl Griffin as Chief Executive Officer Genesis announced 14 June the appointment of Karl Griffin as Chief Executive Officer, which is a newly created role for the company. Genesis is based in Dublin and is owned by institutional investors advised by Barings LLC. Mr. Griffin joined the company in May 2018 as Genesis’ Chief Commercial & Investment Officer. Nordic Aviation Capital appoints Alan Jenkins as CFO Nordic Aviation Capital announced 14 June its plan to strengthen its Executive Management Team with the appointment of Alan Jenkins as Chief Financial Officer, effective September 2019. Alan will report to the company’s CEO, Søren M. Overgaard.  NAC delivered one new ATR 72-600, MSN 1540, to Air KBZ on lease Nordic Aviation Capital (NAC) announced 17 June the delivery of one new ATR 72-600, MSN 1540, to Air KBZ on lease. SMBC Aviation Capital Selects Pratt & Whitney GTF™ Engines to Power 20 Additional Airbus A320neo Family Aircraft SMBC Aviation Capital announced 17 June it has selected Pratt & Whitney GTF™ engines to power an additional 20 A320neo family aircraft with options, bringing the leasing company's total to 50 firm GTF-powered A320neo family aircraft. SMBC Aviation Capital currently manages 65 aircraft powered by GTF and V2500 engines. The additional aircraft are expected to be delivered by 2025. Acumen Aviation © 24 June 2019 All Rights Reserved.