11 May 2021
Irish Aircraft Leasing Newsletter 11 May
Aergo Capital announces the successful delivery of one (1) ATR72-500F aircraft
Aergo Capital announced it has successfully delivered one (1) 2007 Vintage ATR72-500F aircraft to the Democratic Republic of Congo (DRC) based cargo operator, CAA Congo. The aircraft bearing manufacturer’s serial number 775 was placed on a long term operating lease with the airline having recently completed a conversion to freighter.Aergo Capital CEO Fred Browne stated “We are delighted to have completed the delivery of this aircraft to CAA Congo and we continue to see growth in the demand for freighter aircraft. This transaction underlines Aergo’s breadth and strength of airline relationships worldwide.”
Milbank Advises on Falko Regional Aircraft Limited on Inaugural ABS Transaction
Milbank LLP has advised Citi as lead arranger and lender in connection with Regional 2021-1, the first asset-backed security (ABS) financing transaction for Falko Regional Aircraft Limited (Falko). This is the first aircraft ABS transaction to feature only regional aircraft to be completed since the COVID-19 pandemic. Milbank partner James Cameron said “We are delighted to have acted for Citi on this significant regional aircraft financing transaction, especially given the adverse impact COVID-19 has had on the aviation sector. This deal reflects very positively on the regional aircraft sector and Falko in particular as a proven servicer and investor with a strong track record through a number of aviation cycles. The transaction is a significant achievement for Citi and Falko, and we are proud to have been involved.”
Jackson Square Aviation Announces Delivery of Three Airbus A320neo Aircraft to Frontier Airlines
Jackson Square Aviation (JSA) announced the completion of three Airbus A320neo aircraft deliveries to Frontier Airlines. "We have a long-standing partnership with Frontier Airlines and are privileged to be able to support their fleet and financing needs with these latest technology and fuel efficient A320neo aircraft named "Hudson THE BOG TURTLE" , "Odell THE LYNX" and "Crystal THE FLORIDA MANATEE"," said John Yanney, Head of Americas Marketing & OEM Relations. He added, "We look forward to continuing to support Frontier, one of our largest customers, with their fleet growth strategy and mission to Fly Greener in the years ahead."
NAC delivers one Embraer E190 to Breeze Airways on lease
Nordic Aviation Capital (NAC) announced the delivery of one Embraer E190, MSN 19000115 to Breeze Airways on lease.
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