04 Jun 2019

Irish Aircraft Leasing Newsletter 4 June

AviaAM Leasing sells Airbus 321-200 with lease attached to Aergo Capital AviaAM Leasing announced 28 May the sale of one Airbus 321-200 to Aergo Capital with lease attached to SmartLynx Airlines. Bii announces new sourcing relationship with Rostrum Leasing for CFM56 -3 engine parts Bii.aero announced 28 May that it has teamed with Dublin based aircraft and engine leasing firm Rostrum Leasing to market a suite of engine piece parts resulting from the phased tear-down programme of selected B737-300 Classics and CFM56 spare engines formerly operated by Southwest Airlines. CDB Aviation Expands Americas Commercial Team CDB Leasing announced 30 May the latest addition to its global commercial team; Luís da Silva has been appointed as Head of Commercial, the Americas. Luís will be based in the company’s Americas headquarters located in Fort Lauderdale, and will report to Patrick C. Hannigan. Elix Aviation Capital Delivers ATR 42-500 MSN 637 to Air Corsica Elix Aviation Capital announced 28 May the delivery of one ATR 42-500 MSN 637, on lease to Air Corsica. NAC delivered one new ATR 72-600 to Far Eastern Air Transport on lease Nordic Aviation Capital (NAC) announced 28 May the delivery of one ATR 72-600, MSN 1450, to Far Eastern Air Transport Corporation (FAT) on lease. Stratos, the global aircraft investment specialist, closes inaugural ABS, first securitisation featuring JOL equity Stratos announced the closure of inaugural ABS featuring securitized debt, with equity sourced from the Japanese Operating Lease market. The transaction was arranged on behalf of JP Lease (Japan), the leading JOL arranger. JP Lease sponsored the deal and underwrote the equity to sell to its diversified pool of Japanese corporate clients. The fifteen securitized aircraft were acquired with leases attached. Gary Fitzgerald, CEO of Stratos, said “This is the most complex and innovative deal Stratos has arranged, all of us at Stratos are proud to have delivered this innovative financing solution to JP Lease so they can continue to expand product lines to their extensive investor base in Japan. We are grateful for the cooperation and support we have received from our airline clients, sellers and legal counsels to facilitate the simultaneous novation and transition of all fifteen aircraft on ABS closing.” Wings Capital Partners Announces Additional Equity Commitments Wings Capital Partners announced 30 May that its current shareholders, Corrum Capital and Sightway Capital, have increased their equity commitments to Wings. The additional support from our shareholders positions the company well for the future and provides us with additional resources to execute our business plan and capital to pursue attractive aircraft acquisitions. Acumen Aviation © 4 June 2019 All Rights Reserved.