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Irish Aircraft Leasing Newsletter 16 May

Irish Aircraft Leasing Newsletter 16 May

ACIA Aero Leasing Delivers First Embraer E-190 to Bestfly Worldwide

ACIA Aero Leasing announced the delivery of an Embraer E-190 on lease to Bestfly Worldwide. The delivery, which took place at Embraer’s re-delivery center in Macon, Georgia, marks the introduction of the aircraft type to both the lessor and airline’s fleets. With the lessor’s three ATR 72-600s already in operation at Bestfly, the E-190 became the fourth aircraft on lease to the airline.

Gözen Holding Orders 100 VX4 Aircraft From Avolon To Bring Zero Emissions Air Travel To Turkey

Avolon announced that Gözen Holding, one of Turkey’s leading aviation conglomerates and owner of Freebird Airlines, has committed to purchase or lease up to 50 VX4 eVTOL aircraft from Avolon, with the option to purchase or lease up to 50 additional aircraft. As a result of this announcement, Avolon has now placed its entire 500 VX4 eVTOL aircraft orderbook, with the orderbook being oversubscribed by 50 options. As part of the agreement, Avolon, through its investment and innovation affiliate Avolon-e, has formed a strategic partnership with Gözen Holding to commercialise zero-emissions eVTOL travel and develop an industry leading urban air mobility platform in Turkey. Avolon and Gözen Holding will collaborate in a Working Group to identify and target local partners, research potential market opportunities, as well as infrastructure and certification requirements for UAM.

Jackson Square Aviation Announces Head of Asia Pacific Role

Jackson Square Aviation (JSA) announced the establishment of a new customer facing leadership role, promoting David Jones to the position of Head of Asia Pacific Marketing, based in our growing Singapore office. “We are delighted to add David to the JSA Leadership Team and entrust him with the ongoing business development of the Asia Pacific Region,” said Chris Dailey, Jackson Square Aviation President & Chief Commercial Officer, adding, “with his varied aviation experience in leasing, financing, trading and technical roles across the region, David will be instrumental in helping JSA continue to grow its product offering and market footprint while continuing to nurture our customer focused approach.”

Standard Chartered founding member of industry taskforce to accelerate decarbonisation of aviation sector

Standard Chartered Bank announced it is a founding member of a new global Aviation Climate-Aligned Finance (CAF) Working Group launched today and facilitated by the RMI’s Center for Climate-Aligned Finance. The five other members forming the CAF Working Group are Bank of America, BNP Paribas, Citi, Crédit Agricole CIB and Société Générale, who are all international lenders to the aviation sector. This industry-first taskforce will come together to create an agreement before the end of 2022 that defines common standards of action for aviation sector decarbonisation. The signatories will forge the measurement methodologies, emissions benchmarks, data pathways and governance structure of the agreement in collaboration with existing decarbonisation initiatives. It is a commitment by participating financial institutions to annually disclose the degree to which the greenhouse gas emissions from aircraft, airlines and lessors they finance are in line with 1.5°C climate targets. Kieran Corr, Global Head of Aviation Finance and CEO of Ireland, Standard Chartered, said  “Standard Chartered is committed to sustainable social and economic development through our business, operations and communities. We are delighted to be working with RMI as a founding member of the CAF Working Group, along with other aviation-lending banks, to lead the way and develop a robust framework for aviation’s pathway to decarbonisation.”

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