29 Aug 2022

Irish Aircraft Leasing Newsletter 29 August

Avolon Appoints Andy Cronin as CEO Designate Dublin based Avolon announced Dómhnal Slattery CEO has informed the Board of his intention to step down from his role in 2022, and the board approved Andy Cronin Chief Financial Officer (CFO) to the role of CEO Designate. Avolon CEO Designate Andy Cronin said “Avolon is a truly great business with an incredibly talented and motivated team. I look forward to leading the company through our next phase of development and building on the success of the past 12 years as we continue to innovate, evolve, and grow. Dómhnal has led Avolon to become an industry leading business and made an outstanding contribution to the global aviation industry during a career spanning over 30 years. On behalf of everyone at Avolon, I would like to thank him for his commitment to the business as we have navigated our course to becoming an industry leader.” Cobham Regional Services leases Embraer E190 from TrueNoord Cobham Regional Services has leased a second Embraer E190  (MSN 1900099) from TrueNoord on an six year operating lease. TrueNoord’s Sales Director for the Asia Pacific region Carst Lindeboom said “We are proud to be part of Cobham’s growth, as they continue to deliver vital services ensuring connectivity and safety across the country. This is our second aircraft in Australia with Cobham, further cementing our footprint in this important region, as we steadily develop our presence in Asia Pacific.” LCI purchases six Airbus H175 helicopters LCI announced it has signed an $125 million to acquire six Airbus H175 helicopters plus four purchase options for delivery commencing in 2023. LCI CEO Jaspal Jandu stated “The Airbus H175 is a versatile, multi-purpose helicopter and this order will help to maintain the breadth of LCI’s product offering. This latest chapter in our partnership is an important element of our long-term growth strategy, and demonstrates our confidence in the helicopter leasing market.”. Sloane Helicopters leases two AW139s from Milestone Aviation Sloane Helicopters has leases two AW139s from Milestone Aviation  on behalf of the Children’s Air Ambulance UK in a special configuration  to meet mission requirements operating across the UK. Milestone Aviation CEO Pat Sheedy stated “We are extremely proud to have expanded our partnership with Sloane and to support a vital service such as the Children’s Air Ambulance UK. The Milestone and Sloane technical teams worked closely together to create a bespoke solution for the charity, ensuring that the aircraft are capable of delivering lifesaving care to patients.” Pair of Boeing 737-800 to Air Europa by Stratos Air Europa has leased two Boeing 737-800 (MSN 39866 and 39858) aircraft from Stratos as the carrier embarks on significant expansion.  Stratos Commercial Director Jamie Carter said “We are delighted to have delivered this package of two aircraft to Air Europa. The Air Europa team have been a pleasure to work with and Stratos looks forward to a long and successful relationship.” Acumen Aviation © 29 August 2022 All Rights Reserved