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Global Aircraft Leasing Newsletter 20 March

Global Aircraft Leasing Newsletter 20 March

A CALC Member Company ARI Fully Acquires UAM

Aircraft Recycling International Limited a member company of CALC (China Aircraft Leasing Group Holdings Limited) announced it has has acquired a 100% equity interest in Universal Asset Management, Inc one of the world’s leading global aviation services providers based in Tennessee, USA.

Boeing’s Myers Upbeat about Influx of Aircraft Investors

Commercial aircraft continue to outperform virtually every other asset class in which financiers can invest, resulting in perhaps unprecedented levels of competition and some of the “cheapest” access to money that airlines have ever enjoyed. As a result, manufacturers such as Boeing continue to express a bullish outlook even while interest rates begin to show some signs of increasing.

Italy’s Fly Ernest takes delivery of Airbus A319

Fly Ernest has taken delivery of its maiden aircraft, an Airbus A319-100 which was delivered late last week. According to Skyliner Aviation reports EI-FVG (msn 1362) was positioned from Madrid Barajas to Milan Malpensa on March 15. The aircraft is leased from ECAF I.

Kenya Airways enters Boeing 737 sale-and-leaseback deal

Kenya Airways has continued its cost-cutting measures with the sale-and-leaseback of two Boeing 737-700s. The remarketing division of Air Partner, the UK-based aviation services group, said March 10 it had arranged the sale of the aircraft to an undisclosed lessor.

NAC concludes contract talks; final deal in March

Nepal Airlines Corporation (NAC) last week concluded “contract negotiations” with US-based AAR Corp, the supplier of two Airbus A330-200 long-range jets to Nepal’s national flag carrier, laying the groundwork for signing of the final agreement on purchase of first lot of widebody aircraft.

Singapore lessor Aviation receives eight offers for its ATR portfolio

Singapore-based aircraft lessor Aviation has received eight offers for all or part of its 22-aircraft ATR fleet, after receiving an initial approach from an unnamed company in October 2016 According to ATW Online. Aviation owns and manages a fleet of 40 jet and turboprop aircraft, including 24 ATR 72s, two of which are on finance lease. They are placed with airlines in Europe, Asia and Australia.

SpiceJet to lease in capacity for RCS routes

SpiceJet is planning to lease in up to ten unspecified aircraft as part of its plans to participate in the Indian government’s Regional Connectivity Scheme (RCS). Chairman Ajay Singh told India’s Live Mint news in an interview that the aircraft would be phased in over the next one-and-a-half years.

TrueNoord’s CIO to become Vice Chairman of ERA’s CFO Group

Angus von Schoenberg, Chief Investment Officer (CIO) for TrueNoord, the regional aircraft leasing company based in Amsterdam and London, has been invited to take on the role of Vice Chairman for the ERA Chief Financial Officers (CFO) Group.

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