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Irish Aircraft Leasing Newsletter 21 June

Irish Aircraft Leasing Newsletter 21 June

AFG Aviation acquires one A320 from ALAFCO

AFG Aviation Ireland (Ireland), a wholly owned subsidiary of Aircraft Finance Germany (Germany), has completed the acquisition of one Airbus A320-214 bearing MSN 4484 from ALAFCO Aviation Lease Finance Company.

AJW Group and Arena Investors announce $100 million aviation asset joint venture in Dublin

AJW Group and Arena Investors announced a joint venture focused on selective acquisitions of commercial aircraft, engines and components. The partnership leverages AJW’s operational expertise and global network together with Arena’s extensive experience in aviation-related investments. Through a newly formed entity based in Dublin, AJW and Arena will jointly acquire a targeted portfolio of aircraft and engines to be managed and monetized through AJW’s global network.  The joint venture will be funded with committed capital of up to $100 million.

Avolon And Vertical Aerospace Announce World’s Largest eVtol Aircraft Order

Avolon and Vertical Aerospace announced a $2 billion order for up to 500 electric eVTOL aircraft. This agreement, which is subject to certain closing conditions, will introduce the ultra-short-haul aircraft category to commercial aviation, a game changing development that will revolutionise air travel with zero emissions aircraft. Avolon will join Microsoft, Rolls-Royce, Honeywell, and American Airlines as equity investors in Vertical, working also with Virgin Atlantic who will be a VA-X4 launch airline customer in Europe. Avolon CEO Dómhnal Slattery said “Avolon is proud to be a launch customer for the VA-X4 aircraft, demonstrating our commitment to a net zero carbon economy and to driving innovation in the global aviation sector. Our order with Vertical will also accelerate the inevitable commercial roll-out of zero emissions aircraft. Before the end of this decade, we expect zero emission urban air mobility, enabled by eVTOLs, to play an increasingly important role in the global commercial aviation market.This order reaffirms Avolon’s position as an industry pioneer. With Vertical, we will revolutionise air travel and continue to reduce the impact of our industry on the environment.  In Vertical, we have identified a long-term strategic operator that shares our vision for a cleaner and more efficient mode of air transport. As we emerge from the COVID-19 pandemic, air travel will be materially reshaped with airlines needing to embrace emerging technologies that decarbonise air travel. We strongly believe that the VA-X4 will lead this transformation.”

NAC delivers one E190 to Breeze Airways on lease

Nordic Aviation Capital (NAC) announced the delivery of one Embraer E190, MSN 19000077 to Breeze Airways on lease.

SMBC Aviation Capital delivers Airbus A321neo to Cebu

SMBC Aviation Capital announced the delivery of one (1) Airbus A321neo aircraft (MSN 10273) equipped with two (2) IAE Model PW1133G-JM engines to Cebu Air.

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