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Irish Aircraft Leasing Newsletter 15 May

Irish Aircraft Leasing Newsletter 15 May

Arctic Aviation Asset closes PDP financing of 4 B787-9

Norwegian’s leasing platform Arctic Aviation Asset closed on 3 May a PDP financing for four B787-9 aircraft to be delivered in Q4 2017 and Q1 2018. DVB is the arranger and lender of the PDP financing providing a revolving credit facility. Pillsbury is the legal advisor for DVB and Hogan Lovells acted for Norwegian/Arctic.

AerCap Delivers 787 Dreamliner to Hainan Airlines

AerCap Holdings N.V. announced 10 May it has delivered a Boeing 787-9 to Chinese carrier, Hainan Airlines. The delivery signifies AerCap’s first 787-9 to deliver to the airline and its 55th delivery of the aircraft type. Hainan Airlines now operates twenty 787s, of which ten are 787-9 aircraft.

AerCap still sees good demand for most popular wide-body jets

AerCap said las on Tuesday there was “good solid demand” for the wide-body jets, after concerns surfaced in the U.S. about weak demand for the most widely traded types of jets reported Reuters. AerCap CEO Aengus Kelly said, after the company reported higher quarterly earnings, that such discussions were typical across the world. He added that planemakers were prepared to absorb market disruption by building a spare buffer into their order books to offset their exposure to high fixed costs.

Aergo Capital announces debt facility with Investec Bank

Aergo Capital announced 10 May it has successfully closed a warehouse facility with Investec Bank to finance aircraft transactions. The facility will be used to raise senior debt against on-lease commercial aircraft still to be acquired. Commenting on Aergo’s financing activities, Stan Barnes, Chief Financial Officer of Aergo Capital, said, “We are delighted to diversify Aergo’s funding sources through this new facility with Investec. It is a clear vote of confidence in the Aergo portfolio, platform and business model.”

CDB Aviation Lease Finance Delivers New Airbus A320-200ceo to Loong Air

CDB Aviation Lease Finance announced 8 May the delivery of one new Airbus A320-200ceo aircraft to Chinese carrier, Loong Air. The A320-200ceo is the second aircraft from a Purchase and Leaseback transaction with Loong Air, bringing the current number of CDB Aviation’s aircraft to 16 with the Hangzhou-based airline

CDB Aviation Delivers New B737-800 to Shandong Airlines

CDB Aviation Lease Finance announced 8 May the delivery of one new Boeing 737-800 aircraft to Chinese carrier, Shandong Airlines. The 737-800 is from CDB Aviation’s order book and represents the CDB Aviation’s eleventh aircraft on lease to the Jinan, Shandong-based airline.

GECAS Delivers 767-300ER Factory Freighter to Star Air

GE Capital Aviation Services (GECAS) recently delivered Star Air’s first factory-built Boeing 767-300ERF, powered by GE CF6 engines. A second similar aircraft is scheduled for delivery later this year. Both aircraft were previously operated by LATAM Airlines.

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