27 Jul 2020

Irish Aircraft Leasing Newsletter 27 July

AerCap, Air Transat and Airbus Celebrate Milestone A321LR Sustainable Aviation Fuel Delivery Flight AerCap announced 17^th July the delivery of two new A321LRs on operating lease to Air Transat. Air Transat operated the world's first A321LR delivery flight from the Airbus facility in Hamburg to Montreal, Canada, using a blend of sustainable aviation fuel (SAF). The flight, totalling 3115 nautical miles (5769 kilometres), had a carbon neutral footprint with the airline purchasing carbon credits to offset the Co2 emissions from the fossil fuel portion burned during the delivery flight. Philip Scruggs, President and Chief Commercial Officer AerCap said “We are very pleased to be a part of this historic milestone, working together with our partners at Airbus and with our long-time customer, Air Transat, to help them meet their sustainable growth ambitions. The A321LR, with up to 15 percent lower fuel consumption, will allow Air Transat to generate significant fuel savings while reducing the environmental impact of its operations. AerCap is committed to facilitating the move towards more sustainable air travel underpinned by its target to transition its fleet to approximately two-thirds new technology aircraft by 2021.” Alan Buckley appointed GECAS’ Senior Vice President & Regional Manager for Commercial, Europe & Canada   GECAS has appointed Alan Buckley to its senior executive team as Senior Vice President (SVP) and Regional Manager for Commercial, Europe & Canada.  GECAS, a subsidiary of GE Capital, is the global leader in aviation finance and leasing. Mr Buckley will be responsible for developing and executing the commercial strategy for GECAS in the region which includes Canada and 37 countries in Western and Central Europe. CDB Aviation Appoints Brendan O'Neill as CFO CDB Aviation announced a new executive addition to its Dublin-based leadership team with the appointment of Brendan O'Neill as Chief Financial Officer, who will oversee all financial aspects of the company. CDB Aviation Chief Executive Officer Patrick Hannigan said “We are very fortunate to have found such a strong executive for our CFO role. Brendan possesses deep strategic and financial acumen, and the breadth of knowledge and experience in aviation finance that will be a valuable asset to our company, particularly at a time when we are focused on navigating our path through the current challenging environment and positioning for the next phase.” Phoenix American Financial Services and PAFS Ireland, Ltd Announce John McInerney Winner of the Airline Economics Magazine Future Leader of the Year Award for 2020 Phoenix American Financial Services and its wholly owned subsidiary PAFS Ireland, announced today that John McInerney, Managing Director of PAFS Ireland, Ltd, has been honored with the Future Leader Award by Airline Economics magazine. Annually, Airline Economics recognizes emerging talent in the aviation industry with its 40 Under 40 list of outstanding professionals, nominated by their peers, who are under forty years of age. The candidate who receives the most nominations tops the 40 Under 40 list and is awarded the coveted Future Leader Award. Acumen Aviation © 27^th July 2020 All Rights Reserved.