24 Apr 2025
#4 April 2025: Irish Aircraft Leasing Newsletter
AerCap Appoints New Board Member and Reappoints Key Executives
At its Annual General Meeting on 16 April 2025, AerCap announced the appointment of Vicky Jarman as Non-Executive Director, alongside the reappointment of Chairman Paul T. Dacier, CEO Aengus Kelly, and board members James Lawrence, Jennifer VanBelle, and Michael Walsh—all for four-year terms. Michael Gradon retired from the Board after 15 years of service, having joined during the Genesis acquisition. CEO Aengus Kelly acknowledged Jarman’s governance experience and praised Gradon’s role in shaping AerCap into the world’s leading lessor.
AFG Aviation Places A320-214 with Buraq Air in Libya
AFG Aviation Ireland Limited has successfully placed an Airbus A320-214 (MSN 4993) with Buraq Air, Libya’s first private airline. The aircraft will operate out of Mitiga International Airport, Tripoli, enhancing Buraq Air’s fleet capability and reinforcing AFG’s presence in emerging North African markets.
Azorra Delivers First Embraer E195-E2 to Hunnu Air in Mongolia
Azorra has delivered the first Embraer E195-E2 to Hunnu Air, marking the type’s debut in Mongolia. The aircraft is part of Azorra’s firm orderbook with Embraer and will support Hunnu Air’s Asia-Pacific expansion strategy, offering enhanced capacity, range, and fuel efficiency. CEO John Evans noted the delivery as a landmark moment for both Azorra and Mongolian aviation, and a continuation of Azorra’s push into high-growth regional markets.
Acumen’s Take
On AerCap’s Board Appointments and Leadership Continuity
Vicky Jarman’s addition brings significant governance and financial oversight experience, while the reappointment of AerCap’s leadership team ensures stability during a period of rapid leasing sector growth. Michael Gradon’s departure closes a chapter in AerCap’s legacy, having played a foundational role in its rise as the world’s top lessor.
On AFG’s A320 Placement with Buraq Air
This placement reflects AFG’s growing footprint in underserved aviation markets. Libya’s civil aviation recovery presents new opportunities for narrowbody leasing, and this deal positions AFG as a reliable partner for regional carriers in transitional markets.
On Azorra’s E195-E2 Delivery to Mongolia
Introducing the E195-E2 to Mongolia is a notable market-first that underscores the flexibility and demand for next-gen regional jets in emerging markets. The partnership with Hunnu Air enables Azorra to further diversify its portfolio in the fast-growing Asia-Pacific region while cementing its relationship with Embraer.
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