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Irish Aircraft Leasing Newsletter 12 September

Irish Aircraft Leasing Newsletter 12 September

Akasa Air leases LEAP-1B from SMBC Aero Engine Lease (SAEL)

New Indian airline Akasa Air has taken delivery of the first of three LEAP-1B engines from SMBC Aero Engine Lease (SAEL) to support its growing Boeing 737 MAX 8 fleet. Akasa Air Senior Vice President, Leasing and Procurement Bhavin Joshi said We are delighted to begin our relationship with SMBC Aero Engine Lease (SAEL) and look forward to strengthening our association in the future. The confidence and endorsement of SAEL, which is not only one of the largest global aircraft engine leasing companies but is also an affiliate of one of the largest aircraft lessor, is a testimony to our future.”

Batik Air leases two Boeing 737-8 from Aergo Capital

Batik Air has taken delivery of two Boeing 737-8 (MAX) on lease from Aergo Capital. The aircraft manufacturer serial numbers 43017 and 43018,are part of an eight aircraft transaction.  Aergo Capital CEO Fred Browne stated “We are pleased to announce the successful delivery of two further Boeing 737-8 MAX aircraft to Batik Air Malaysia. The first of these aircraft was delivered less than a month ago and we are looking forward to delivering the remaining 5 aircraft in the coming months. A special thanks to everyone involved in continuing to successfully execute this deal”.

Malaysia Aviation Group leases 30 Airbus A330neo aircraft from Avolon

The Malaysia Aviation Group (MAG), owner of Malaysia Airlines announced the financing of 20 A330-900neo aircraft. The transaction comprises the placement of 10 Airbus A330neo aircraft from Avolon’s existing order book and 10 Airbus A330neo aircraft to be acquired from MAG via sale and leaseback, with deliveries to commence from 2024. Malaysia Aviation Group CEO Captain Izham Ismail, stated “We are pleased to conclude a strategic understanding with Avolon on the renewal of our widebody fleet modernization through the leaseback arrangement of 10 A330neo aircraft, and acquire another 10 aircraft directly from Airbus. The innovative, cost effective, successful approach offers a holistic solution to fleet owners that is financially viable for MAG as we secure a lower and stable cost base, and with assurance of support financing.”

ST Engineering acquires Airbus A320-200 aircraft from Deucalion Aviation

ST Aerospace Aviation Asset Management business unit acquired a single Airbus A320-200 aircraft from Deucalion Aviation.

WNG Capital acquires two Airbus A320 aircraft from Goshawk

WNG Capital announced the acquisition of two Airbus A320 aircraft from Goshawk with the aircraft on lease to Alaska Airlines and is the first transaction between Goshawk and WNG Capital.

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