14 Mar 2022
Irish Aircraft Leasing Newsletter 14 March
ACIA Aero Leasing and Investec Bank Agree on New Debt Facility
ACIA Aero Leasing and Investec Bank Ltd have entered into an agreement for a new Revolving Credit Facility, enabling the lessor to draw new debt secured with regional aircraft to support its growth ambitions. The first transaction closed on March 3, 2022, was secured with four ATR freighter aircraft, including two ATR 72-500 bulk freighters on lease to a U.S.-based customer in addition to one ATR 72-500 Large Cargo Door freighter and one ATR 72-212 Large Cargo Door freighter on lease to a South Africa-based customer. A second drawdown, scheduled to close later in March 2022, will be secured with three regional aircraft consisting of an Embraer E190, an ATR 72-600, and an ATR 72-500 bulk freighter. Future drawdowns are planned for Q2 and Q3 of 2022 as ACIA continues to acquire target assets.
Aergo Capital announces the acquisition and leaseback of ten (10) A319-100 aircraft with easyJet
Aergo Capital announced it has successfully completed the acquisition and leaseback of ten (10) 2008 vintage A319-100 aircraft, with easyJet. All ten aircraft were closed within 12 weeks of entering into an LOI. Aergo Capital CEO Fred Browne stated “We are delighted to have completed this first transaction with easyJet. We found the easyJet team a pleasure to deal with, both in the early stages of the transaction, and throughout the impressively efficient closing logistics. We very much look forward to further strengthening our relationship with the team at easyJet.”
Milestone Aviation Partners with Helitak to Develop Aerial Fire-Fighting Mission Capabilities for the S-92A
Milestone Aviation has partnered with Australian fire-fighting equipment designer, Helitak Firefighting Equipment Pty to develop a new mission for the Sikorsky S-92A as a next-generation, multi-purpose fire-fighting platform, to develop the innovative FT5000, a lightweight 4,000-liter (1,050 US gallons) collapsible belly-mounted fire suppression tank specifically designed for the helicopter. Milestone CEO Pat Sheedy stated “We are excited to partner with Helitak to adapt the dynamic capabilities of the S-92A for a new market. This turn-key firefighting platform is an industry-first and combines the versatility of the helicopter with Helitak’s innovative tank design. Milestone and Helitak’s expert teams worked closely together to craft a solution for the civilian-certified S-92A for immediate deployment into fire-fighting missions across the globe, and we are extremely proud of the results that have been achieved.”
SMBC Aviation Capital delivers Airbus A320neo to Spirit Airlines
SMBC Aviation Capital announced the delivery of one (1) Airbus A320neo aircraft (MSN 10686) equipped with two (2) PW1127G-JM engines to Spirit Airlines. This is this third of fourteen aircraft delivering to Spirit between November 2021 and September 2022 as part of a 14x aircraft sale and leaseback transaction.
VAH Announces Closing of $500 Million Warehouse Facility
Voyager Aviation announced the closing of a five-year senior secured warehouse facility with an initial committed amount of $500 million. Citibank, N.A. acted as Global Coordinator and Co-Structuring Agent alongside Credit Suisse Securities (USA) LLC as Co-Structuring Agent. Citi and Credit Suisse both acted as Joint Lead Arrangers on the Facility. The initial syndicate of lenders also includes Deutsche Bank and Morgan Stanley.
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