08 Jan 2018

Irish Aircraft Leasing Newsletter 8 January

AerCap Exercises Options to Purchase 50 Airbus A320neo Family Aircraft AerCap announced 28 December that it has exercised options to purchase 50 A320neo Family aircraft from Airbus, with deliveries starting from 2022. This transaction brings AerCap's firm orders for the A320neo Family aircraft to a total of 270, owned and on order. Commenting on the transaction, Aengus Kelly, CEO of AerCap said, "As the largest lessor of the A320neo Family aircraft, we have already placed three quarters of our A320neo Family aircraft from our existing forward order book with Airbus. We have seen significant market appetite for these aircraft from our diverse customer base. This transaction is in line with our portfolio strategy of investing in the most in-demand modern technology aircraft in the world.” CDB Aviation Delivers First of Three New A320neo Aircraft to AirAsia Berhad CDB Aviation announced 21 December the delivery of a new Airbus A320neo aircraft to Malaysia-based low-cost carrier AirAsia Berhad, as part of a purchase and leaseback transaction for three aircraft. The A320neo aircraft, powered by CFM LEAP-1A engines, seat 186 passengers and are equipped with the innovative Space-Flex cabin. The aircraft will serve AirAsia Berhad’s extensive network out of Kuala Lumpur, Malaysia. Credit Bank of Moscow sells Irish lessor to GTLK Europe GTLK Europe, the European subsidiary of Russia’s State Transport Leasing Company (GTLK), has purchased CBM Ireland Leasing Limited from its previous owner Credit Bank of Moscow, as reported by the latter. The Ireland-based lessor currently has six Boeing 737-800 narrowbodies in its portfolio. Intrepid Announces Board Appointments Intrepid Aviation announced 3 January the following recent appointments to its Board of Managers. Mr. Alberto Sanchez – currently a Senior Advisor at Centerbridge Partners, Mr. Sanchez previously enjoyed a distinguished career with Banco Santander in a variety of executive roles, and prior to that with Bear Stearns and Deutsche Bank. Ms. Katherine Kavaler – currently a principal at Centerbridge Partners, Ms. Kavaler previously held roles at The Blackstone Group and JP Morgan. Mr. Hooman Yazhari – currently General Counsel, Chief Administrative Officer & Head of Fleet Transactions at CHC Helicopter, Mr. Yazhari previously enjoyed a distinguished career in aviation and aviation finance with his most recent roles at ILFC and gategroup. Mr. Yazhari started his career as a corporate attorney at the London and Tokyo offices of Linklaters. NAC sold two ATR 72-500s, MSNs 587 and 656, to Rheinland Air Service GmbH (RAS) Nordic Aviation Capital (NAC) announced 4 January it has sold 2 ATR 72-500s, MSNs 587 and 656, to Rheinland Air Service GmbH (RAS). Acumen Aviation © 8 January All Rights Reserved.