29 Apr 2019
Irish Aircraft Leasing Newsletter 29 April
Arctic Aviation Assets DAC Reaches Agreement on Restructuring of Airbus delivery schedule
Arctic Aviation Assets DAC, a subsidiary of Norwegian Air Shuttle ASA announced 24 April that it has reached an agreement in principle with Airbus regarding a restructuring of the fleet delivery schedule, including both A320neos and A321LRs. This restructuring remains subject to contractual documentation agreement. The restructuring will reduce capital expenditure by approximately $670 million for 2019 and 2020 and $2.4 billion over the next five years.
Avolon: Positioning Ireland at the Forefront of Global Start-up Innovation
Avolon Holdings Limited (Avolon) announced 24 April the publication of a White Paper, Project i,
which assesses Irelands start-up ˜ecosystem when compared to best-in-class around the world. Project i
provides recommendations on how to close the gap with international best-practices; improve Irelands global standing and provide the necessary support for entrepreneurs. The full report is available on the Avolon website at: https://www.avolon.aero/thoughts
CDB Aviation Closes $525 Million Unsecured Credit Facility
CDB Aviation announced 23 April the closing of a $525 million unsecured credit facility, which marks the company’s first such syndicated transaction. The five-year facility, which will be used for general corporate purposes, was led by Bank of China (Hong Kong) Limited, Crédit Agricole Corporate and Investment Bank, Goldman Sachs (Asia) L.L.C., Mizuho Bank, Ltd., and Société Générale Corporate and Investment Banking as Mandated Lead Arrangers and Bookrunners. Crédit Agricole Corporate and Investment Bank acted as the facility Agent.
CDB Aviation Receives Investment Grade Ratings from Moody's, S&P Global and Fitch
CDB Aviation announced 25 April that the ‘big three’ global credit rating agencies have each assigned strong investment grade (“IG”) issuer credit ratings to CDB Aviation. This important milestone has been reached on schedule, as part of CDB Aviation’s strategic effort to transform its aircraft leasing platform into a global, best-in-class, full-service lessor.
NAC delivered one new Embraer E195, MSN 19000765 and one new E175, MSN 17000782, to JSC Belavia-Belarusian Airlines on lease
Nordic Aviation Capital (NAC) announced 23 April the delivery of one new Embraer E195, MSN 19000765 and one new E175, MSN 17000782, to Belavia-Belarusian Airlines on lease. The five aircraft agreement, which comprises of three E195’s and two E175’s, is an essential part of Belavia's fleet growth initiative.
NAC delivered one new Embraer E195, MSN 19000766, to JSC Belavia-Belarusian Airlines on lease
Nordic Aviation Capital (NAC) announced the delivery of one new Embraer E195, MSN 19000766, to Belavia-Belarusian Airlines on lease.
Nordic Aviation Capital congratulates Silver Airways on first ATR-600 series flight in the U.S.
Nordic Aviation Capital (NAC) 23 April congratulated Silver Airways on their first new ATR42-600 aircraft flight in North America. Silver Airways has taken delivery of three new ATR42-600 aircraft, MSN’s 1214, 1216 and 1217 from NAC. The airline launched its regularly scheduled flights aboard its new ATR42-600 MSN 1214 aircraft.
SMBC Aviation Capital delivers first Airbus A320neo to S7
SMBC Aviation Capital announced the delivery of one (1) Airbus A320neo aircraft (MSN 8852) equipped with two (2) Pratt&Whitney PW1127G-JM engines to S7. This is the first A320neo aircraft to be delivered to S7 from an eight (8) aircraft deal. The second delivery is scheduled for August 2019 while the rest of the aircraft are scheduled for delivery through 2020.
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