08 May 2018

Irish Aircraft Leasing Newsletter 8 May

Apollo Aviation Group Raises $950 Million for SASOF IV Apollo Aviation announced 25 May that it raised $950 million of capital commitments for SASOF IV, its fourth flagship aviation fund. The fund was oversubscribed, exceeding the target of $850 million. SASOF IV, an institutionally-focused private equity fund, follows on from SASOF II and SASOF III where Apollo Aviation raised $593 million and $833 million, in 2013 and 2015, respectively. SASOF IV has already committed to acquire 37 commercial aircraft including four A319s, nine A320s, one A321, four A330s, and 19 B737. These aircraft are on lease to a diversified group of airlines throughout the world. Avolon delivers two Airbus A320neos to Air India Avolon announced 2 May the delivery of two Airbus A320neos aircraft to Air India. These deliveries took place on the 30th April, and are the ninth and tenth Avolon aircraft on lease to Air India. Jackson Square Aviation Announces Delivery of Two New Airbus A320neo Aircraft to Frontier Airlines Jackson Square Aviation (JSA) announced 1 May the delivery of two new Airbus A320neo aircraft on lease to Frontier Airlines. This is JSA’s first and second A320neo aircraft under operating lease with Frontier. Jackson Square Aviation Announces Delivery of One New Airbus A350-900 Aircraft to Ethiopian Airlines Jackson Square Aviation (JSA) announced 1 May the delivery of one new Airbus A350-900 aircraft on lease to Ethiopian Airlines. This is the first A350 XWB family aircraft to be financed by JSA. Merx Aviation in market with an inaugural ABS Merx Aviation launched its inaugural aviation asset backed securitisation (ABS) – $506.5 million in three tranches of notes secured on a portfolio of 25 aircraft, with an average age of nine years and a weighted average remaining lease term of 4.5 years. The aircraft portfolio – which consists of 14 737-800s, seven A320-200s, three A319-100 and one 737-700 – has an initial value of $610.5 million and an aggregate maintenance-adjusted current market value of $614.8 million. SKY Leasing Announces Second Purchase And Leaseback Financing With WOW air SKY Aviation Leasing has successfully completed its second purchase and long-term leaseback financing with WOW air. MSN 8232 is a direct from manufacturer A321-200 and marks SKY’s 39th aircraft closed. Acumen Aviation © 8 May All Rights Reserved.