08 Mar 2021

Irish Aircraft Leasing Newsletter 8 March

AEI to provide Macquarie AirFinance with four B737-800SF Freighter Conversions Aeronautical Engineers, Inc. (AEI) announced the company has entered an agreement to provide Macquarie AirFinance with four B737-800SF freighter conversions to help meet the growing demand in e-commerce and express cargo. John Willingham, Chief Executive Officer of Macquarie AirFinance, said “We are pleased to partner with AEI to offer our customers in the air cargo sector a proven and efficient way to expand their operations and replace less efficient aircraft. We are seeing particularly strong demand in the express freight sector as the e-commerce industry continues to grow. As one of the largest lessor owners of mature 737-800 aircraft, it makes business sense to extend their life and continue to evolve our offering.” AFG Aviation Ireland Limited (Ireland) completed the acquisition of four A330-200F from Qatar Airways Group AFG Aviation Ireland Limited (Ireland), a wholly owned subsidiary of Aircraft Finance Germany GmbH (Germany), completed the acquisition of four (4) Airbus A330-200F freighter aircraft bearing MSN 1688, MSN 1708, MSN 1584, and MSN 1594 from Qatar Airways Group Q.C.S.C. (Qatar) for CMA CGM Air Cargo (France), the new air cargo division of French container logistics and shipping giant CMA CGM S.A. All four (4) aircraft will be operated by Air Belgium on behalf of CMA CGM Air Cargo. Fly Leasing Reports Sees Recovery with vaccination rollout Fly Leasing announcing its full year results expects to see global passenger recovery with vaccination rollout. Colm Barrington, FLY’s Chief Executive Officer said “In the fourth quarter global airline passenger traffic was 70% less than in the same quarter a year ago. Fortunately, as COVID vaccines reach the majority of populations and border testing becomes more efficient, we expect to see a lifting of government restrictions on travel and pent up demand returning passenger numbers towards pre-pandemic levels later in the year.” NAC delivers one Embraer E190, MSN 19000055, to Breeze Airways on lease Nordic Aviation Capital (NAC) announced the delivery of one Embraer E190, MSN 19000055 to Breeze Airways on lease. This is the second aircraft to deliver as part of a fifteen E190 aircraft lease agreement made with Breeze Airways. SKY Leasing Announces Sale-Leaseback for (2) Boeing B737 MAX 9 Aircraft with Icelandair SKY Leasing announced it has signed an agreement for the sale and leaseback of (2) Boeing B737 MAX 9 aircraft with Icelandair. The transaction covers deliveries to Icelandair in Spring 2021. Chief Financial Officer, Icelandair Group Eva Sóley Guðbjörnsdóttir said “We are pleased to welcome SKY Leasing as a new lessor partner, and especially at a time when EASA and other regulatory bodies have followed the FAA in recertifying the MAX family. The MAX 9 is an ideal asset for Icelandair, offering excellent flight economics, passenger comfort and range capability across our network.” SMBC Aviation Capital delivers Airbus A321neo to IndiGo SMBC Aviation Capital announced the delivery of one (1) Airbus A321neo aircraft (MSN 10354) equipped with two CFM LEAP-1A32 engines to IndiGo. This is the fourth A321neo aircraft to deliver to IndiGo as part of a five (5) aircraft Sale and Leaseback deal. Acumen Aviation © 8 March All Rights Reserved.