25 May 2020

Irish Aircraft Leasing Newsletter 25 May

AerCap CEO: leasing sector better prepared for a downturn now than it was 10 years ago AerCap CEO Angeus Kelly said in Aviation Finance Interview the leasing sector better prepared for a downturn now than it was 10 years ago. Read here Altavair Closes Sale and Leaseback of Six A321-200 Aircraft with Delta Air Lines KKR, a leading global investment firm, and Altavair L.P., a leader in commercial aviation finance, announced today the signing of a sale and leaseback with Delta Air Lines for six Airbus A321-200 aircraft. The acquisition was made through aircraft leasing investment platform Altitude Aircraft Leasing. Altavair CEO Steve Rimmer said “We are pleased to again have the opportunity to transact with Delta, especially during this period of economic uncertainty. Due to our longstanding relationship with Delta, we were able to document and close on this transaction in very short order. As always, we very much appreciate the trust that Delta places in us to deliver on strategically important projects which are both time sensitive and economically important to their business needs.” FPG Amentum arranges the acquisition of two IndiGo A321NEOs for investor customers FPG Amentum announced the acquisition of two Airbus A321-200NX for investor customers. The aircraft were delivered new in sale & leaseback transactions with InterGlobe Aviation Ltd Irish aircraft leasing industry acts to secure and deliver PPE to the Irish healthcare system from China as part of the response to the Covid-19 crisis Three charter flights from China to Ireland supported by Irish leasing firms, and ALI, the aircraft leasing unit of IBEC, representing 33 lessors in Ireland have delivered much needed PPE equipment for the Irish healthcare system. The support includes funding towards PPE for healthcare workers and for three charter flights all transporting PPE, one of which is due today from China, another which landed earlier in April, and plans underway for a further flight from another Asian jurisdiction, all facilitated by aircraft leasing companies. Such is the response by the wider aircraft leasing community that additional funds raised are being channelled to a variety of other Irish charity partners to combat the effects of Covid-19'. David Swan, Chair of ALI said, “I am very proud of how the leasing community, through ALI, has stepped up and responded to meet the current needs of healthcare workers and charity partners alike. As an industry, we are aware of our responsibility to give back to those that most in need in our community. We are very proud to play our part in these initiatives.” Acumen Aviation © 25 May 2020 All Rights Reserved.