16 Oct 2025
#3 October 2025: Irish Aircraft Leasing Newsletter
Azorra Sells Two Boeing 777-300ERs to FPG Amentum
Azorra announced the sale of two Boeing 777-300ERs (MSN 61730 and 61731) to FPG Amentum, both currently leased to Philippine Airlines (PAL). FPG Amentum Chief Operating Officer Damon Connery stated, “We are pleased to partner with Azorra on the acquisition of these aircraft on lease to PAL. This transaction reflects our continued commitment to investing in high-quality, in-demand assets and supporting leading carriers such as PAL. We value the collaborative approach taken by Azorra and look forward to building on this relationship in future opportunities.” The transaction underscores strong trading momentum in the widebody market and highlights enduring investor appetite for long-haul aircraft placed with established operators.
IAT Leasing Acquires Two A330 Aircraft Leased to International Airlines Group (IAG)
IAT Leasing announced its involvement in two aircraft acquisitions financed through funds managed by a U.S. alternative investment asset manager. In June 2025, the company facilitated the purchase of a 2008 vintage A330-300 (MSN 893) leased to Aer Lingus, followed by an August 2025 acquisition of a 2012 vintage A330-200 (MSN 1319) leased to Iberia from Stratos. IAT CEO Martin Browne commented, “We are delighted to have closed these transactions in quick succession alongside our valued equity partner. These deals reflect our commitment to the A330 platform and our growing exposure to the high-performing IAG group.” The acquisitions reinforce IAT Leasing’s growing role in the A330 secondary market and its collaboration with leading institutional investors.
Jackson Square Aviation Appoints Chief Marketing Officer
Jackson Square Aviation (JSA) announced the appointment of David Jones as Chief Marketing Officer (CMO), effective October 2025. Reporting to CEO Kevin McDonald, Jones will be based in San Francisco and will oversee JSA’s global marketing strategy. McDonald commented, “David’s appointment reflects our commitment to recognizing and nurturing talent from within. His deep understanding of our business, collaborative leadership style, and customer-first mindset make him ideally suited to lead our global marketing efforts as we continue to grow and evolve.” The appointment signals JSA’s continued investment in leadership development and global client engagement.
World Star Aviation to Add Boeing 777-300ER Freighter
World Star Aviation (WSA) has signed an agreement to convert Boeing 777-300ER passenger aircraft into freighter configuration, marking a significant step in its cargo expansion strategy. Partner Yoram Allalouf stated, “Partnering on the conversion of our 777 aircraft enhances World Star’s ability to meet the evolving needs of the long-haul cargo market. The 777 platform provides reliability, flexibility, and long-term efficiency — key to delivering sustained value for customers and stakeholders.” The move reflects growing interest among lessors in widebody P2F conversions amid strong global cargo demand.
Acumen’s Take
On Azorra–FPG Amentum Transaction
This deal highlights the deepening cooperation between U.S. and Irish lessors in the long-haul segment. With strong lessee credit and aircraft liquidity, widebody trades are regaining investor traction. For both Azorra and FPG Amentum, the transaction strengthens portfolio diversity while signalling confidence in PAL’s ongoing recovery.
On Titan’s Freighter Focus
IAT Leasing’s recent acquisitions reinforce Ireland’s position as a global hub for mid-life asset trading. The transactions demonstrate continued investor confidence in the A330 platform, especially among funds seeking stable yields and established lessees. Partnerships with institutional managers also indicate expanding capital flows into aircraft-backed investments.
On JSA Leadership Appointment
JSA’s appointment of David Jones as CMO reflects a clear commitment to internal leadership continuity. As market conditions evolve, strong client relations and cohesive marketing leadership are vital in sustaining brand presence and long-term lessor–lessee trust across global markets.
On World Star Aviation’s Freighter Conversion
World Star’s decision to convert 777-300ERs into freighters aligns with rising demand for efficient long-haul cargo capacity. As the 777 P2F segment gains momentum, this move strengthens WSA’s cargo portfolio and underscores leasing community confidence in the 777’s long-term economic viability.
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