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Irish Aircraft Leasing Newsletter 13 November

Irish Aircraft Leasing Newsletter 13 November

AerCap 3Q profit up 18% to $266 million on aircraft sales

Dublin-based lessor AerCap Holdings posted $265.8 million in third-quarter 2017 net profit, up 17.8% from $225.5 million net income in the year-ago quarter. AerCap said the result was primarily attributable to a $63.7 million net gain on the sale of 27 aircraft and reclassification of eight aircraft to finance leases during the quarter. The company reported $1.3 billion in revenue for the quarter, up 3.9% from $1.2 billion in 3Q 2016.

Boeing, CDB Aviation Finalize Order for 52 737 MAXs and Eight 787 Dreamliners

Boeing and CDB Aviation 9 November finalized an order for 42 737 MAX 8s, 10 737 MAX 10s and eight 787-9 Dreamliners. The order puts the 737 MAX program over 4,000 orders total. The order, valued at $7.4 billion at current list prices, was announced as a Memorandum of Understanding (MOU) at the 2017 Paris Air Show. The order includes a conversion of six 737 MAX 8 orders, to the 737 MAX 10.

Goshawk Aviation CFO quits to set up new fund – sources  

Anand Ramachandran the chief financial officer of Dublin-based lessor Goshawk Aviation has resigned and is looking to set up an aviation fund, sources said, at a time when an influx of global capital is reshaping the sector as a significant new asset class reported news agency Reuters.

mba Provides Multiple Services for Aergo Capital Limited’s first ABS, METAL 2017-1 Limited

Morten Beyer & Agnew was retained by Aergo Capital Limited to provide Aircraft Appraisals, Maintenance Cash Flow Modeling, and Commercial Industry Analysis for debt issued by METAL 2017-1 Limited. The Asset Backed Securitization portfolio consists of twenty-six (26) assets, containing a mix of narrowbody and widebody aircraft, currently on lease to twelve (12) lessees spanning ten (10) countries.

NAC delivered one ATR 72-600, MSN 1120, to Regional Jet OÜ on lease

Nordic Aviation Capital (NAC) announced 8 November that it has delivered one ATR 72-600, MSN 1120, to Regional Jet OÜ on lease. This is the final aircraft to deliver as part of a three-aircraft lease deal signed in 2017.

SMBC Aviation Capital to receive up to USD $1 billion in capital from its shareholders

SMBC Aviation Capital has announced that its shareholders, Sumitomo Mitsui Financial Group, Inc. and Sumitomo Corporation have agreed that the company will receive up to USD $1 billion in capital by March 31st 2019. The equity will support SMBC Aviation Capital’s growth plans including the funding of new aircraft coming on stream from 2019.

Waypoint Leasing Places H145 Helicopter with Ecocopter in Chile

Waypoint Leasing (Ireland) Limited announced 7 November that it has completed a lease transaction for one H145 helicopter to Ecocopter in Chile to be used in support of the operator’s wide range of utility work. The lease transaction marks Waypoint’s 14th H145 delivery and the entry of the aircraft into Chile.

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