07 May 2019

Irish Aircraft Leasing Newsletter 7 May

Aergo Capital Continues to Grow Their North American Presence Aergo Capital announced 2 May the acquisition of one Boeing B737-800 aircraft (MSN 37247) from a Dublin based lessor. The aircraft was subsequently leased by Aergo to Miami Air International on a long-term operating lease. CDB Aviation Receives Investment Grade Ratings from Moody's, S&P Global and Fitch CDB Aviation announced 24 April that the ‘big three’ global credit rating agencies have each assigned strong investment grade (“IG”) issuer credit ratings to CDB Aviation. CDB Aviation Chief Executive Officer Peter Chang said “We are excited to have achieved our first-time issuer IG credit ratings as planned, aiding the growth and increasing the visibility of our world-class platform”. Engine Lease Finance Corporation (ELFC) celebrates 30 years milestone with newly refurbished €4m state-of-the-art facilities at Shannon Engine Lease Finance Corporation  is celebrating its 30^th year of business in Shannon with a complete upgrade of its offices and a commitment to grow its Irish base. , ELFC, a subsidiary of Mitsubishi UFJ Lease & Finance , is moving back into its state-of-the-art headquarters at the Shannon Free Zone after an extensive €4 million refurbishment carried by Shannon Group’s property company, Shannon Commercial Properties, who own the building. The works were carried out on the iconic four-storey glass fronted building over a 12 month period by L&M Keating. GECAS Delivers First 737-900ERs Operated in Russia to Pegas Fly GECAS 2 May delivered the first Boeing 737-900ER to Nordwind subsidiary Ikar Airlines, LLC, which operates as Pegas Fly. The aircraft is the first 737-900ER to be operated by a Russian airline and one of three which GECAS will provide Pegas Fly this year. GECAS’ SVP Neal McElvaney explains “This delivery builds on an existing relationship that we have had with Nordwind for a number of years and we are proud to support Pegas Fly’s continued fleet growth. NAC delivered one new ATR 72-600, MSN 1458, to Far Eastern Air Transport Corporation (FAT) on lease Nordic Aviation Capital (NAC) confirmed 1^st May the delivery of one ATR 72-600, MSN 1458, to Far Eastern Air Transport Corporation (FAT) on lease. NAC delivered two new ATR 72-600s, MSNs 1528 and 1531, to Air Kanbawza Ltd on lease Nordic Aviation Capital (NAC) confirmed 29 April the delivery of two new ATR 72-600s, MSNs 1528 and 1531, to Air Kanbawza Ltd on lease. SMBC Aviation Capital delivers Airbus A320-200 to Batik Air SMBC Aviation Capital announced 26 April the delivery of one (1) Airbus A320-200 aircraft (MSN 8748) equipped with two (2) CFM56-5B4/3 engines Batik Air. This is the second aircraft to be delivered to the Lion Air Group as part of a 13 aircraft SLB deal. Acumen Aviation © 7 May 2019 All Rights Reserved.