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Irish Aircraft Leasing Newsletter 19 April

Irish Aircraft Leasing Newsletter 19 April

AerCap Leased, Purchased and Sold 70 Aircraft in the First Quarter 2021

AerCap announced its major business transactions during the first quarter 2021. The lessor Executed sale transactions for 9 aircraft, including 2 Airbus A320 Family aircraft, 1 Airbus A330, 2 Boeing 737NGs, 1 Boeing 787-8 and 3 Boeing 767-300ERs from AerCap’s owned portfolio and purchased an single Embraer E2. The lessor Signed lease agreements for 60 aircraft, including 28 widebody aircraft and 32 narrowbody aircraft.

flypop signs multiple aircraft lease deal with Avolon

flypop announced that is has signed a multiple aircraft A330-300 lease deal with Avolon. The lessor offered the most competitive rate and a pipeline of aircraft into 2023. (Nino) Navdip Singh Judge, CEO & Principal of flypop stated “As a twin-engine double-aisle wide-body that can carry over 400 passengers, the A330-300 aircraft will deliver everything we want to offer our flypop passengers, especially the lowest seat prices to India. With this lease deal we have been able to submit our AOC license application to the UK Civil Aviation Authority and expect our first flights to commence by October. And many thanks to the UK Government’s Future Fund for its financial assistance, which has enabled us to raise further funding. Increased flight connectivity, especially on new routes, will create much needed economic benefits for both the UK and India.”

Irish lessor Genesis CEO on why his firm is helping build an airline

In an interview with Ishka, Genesis CEO Karl Griffin explains that the lessor had been eyeing the charter market for a while, even before the Covid-19 pandemic struck. The lessor has formed an alliance with Heston Aviation to build and launch Heston Airlines, a new Lithuanian charter and ACMI service provider. Read Interview here.

Voyager Gains Additional Support for Restructuring Support Agreement

Voyager Aviation announced that it has procured additional support for its previously disclosed restructuring support agreement and has entered into an Amended and Restated Restructuring Support Agreement. The agreement details the terms of a debt restructuring transaction that will strengthen the Company’s overall financial position and enable the Company to focus on growth. The Company launched an exchange offer for the debt restructuring pursuant to the terms of the Restructuring Support Agreement on March 30, 2021.

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