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Irish Aircraft Leasing Newsletter 26 March

Irish Aircraft Leasing Newsletter 26 March

Acasta Enters into Definitive Agreement to Sell Stellwagen Business Unit

Acasta announced 20 March that it has entered into a definitive agreement for the previously announced sale of its Stellwagen business unit to a company that will be indirectly owned by Mr. Douglas Brennan and certain other investors.

Avolon delivers one Boeing B787-9 to Air Europa

Avolon announced 20 March the delivery of one Boeing B787-9 aircraft to Air Europa. This is the sixth Avolon aircraft on lease to Air Europa.

Avolon delivers one Boeing B787-9 to Norwegian Air

Avolon announced 20 March the delivery of one Boeing B787-9 aircraft to Norwegian Air. This is the fifth Avolon aircraft on lease to Norwegian Air.

BBAM and Nomura Babcock & Brown Participate in a $870 Million Combined EETC JOLCO Transaction with British Airways

BBAM Limited Partnership (BBAM) announced 20 March its participation, alongside its long-term partner Nomura Babcock & Brown Co., Ltd. (NBB), in a $870 million transaction combining senior secured enhanced equipment trust certificates (EETC) and Japanese operating lease with call option (JOLCO) equity in relation to a number of new generation British Airways operated aircraft. The transaction will provide financing for 11 aircraft, including two 787-8, two 787-9 and seven A320neo aircraft. The deal combines EETC and JOLCO structures, allowing the aircraft to be financed by the proceeds from the British Airways 2018-1 certificates and equity arranged by NBB.

Chorus Aviation Announces Leasing Transaction with CityJet

Chorus Aviation announced 21 March the acquisition of two Bombardier CRJ900 aircraft for lease to CityJet of Dublin, Ireland. The aircraft were purchased from CityJet pursuant to a sale and leaseback transaction. These aircraft are two years old and constitute incremental additions to Chorus Aviation Capital’s growing regional aircraft fleet.

Elix Aviation Capital Delivers Bombardier Q400 MSN 4554 to Jambojet

Elix Aviation Capital announced 16 March the delivery of one Bombardier Q400, MSN 4554, on lease to Jambojet of Kenya. This is the first delivery by Elix to Jambojet.

Senior Executive Team Appointment at Stellwagen

Stellwagen announced 19 March the appointment of Aengus Whelan to the company as Chief Commercial Officer. The appointment takes place with immediate effect.

SKY Leasing Closes Lease with Lion Air Group for the Global Launch of 737 MAX 9

SKY Leasing (SKY) and the Lion Air Group, one of Boeing’s largest airline customers and operators, marked a new era of air travel on 21 March with the delivery of the first-ever Boeing 737 MAX 9 aircraft. “The delivery of the first global MAX 9 is an important aircraft for SKY Leasing as we continue to add to our fleet, which is one of the youngest in the industry,” said Rich Wiley, CEO of SKY Leasing. “SKY focuses our investment philosophy on building a best-in-class portfolio of young aircraft that are core assets to our airline customers.”

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