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Irish Aircraft Leasing Newsletter 3 February

Irish Aircraft Leasing Newsletter 3 February

CDB Aviation Reports Another Year of Strong Activity and Growth, Executing Transactions for 89 Aircraft

CDB Aviation reported 20 January that the year 2019 marked another period of strong business activity and growth, in which the lessor executed transactions involving 89 aircraft. CDB Aviation CEO Patrick Hannigan said “This past year’s continued growth in our operations is evidence of our unwavering commitment to execution and progressing our highly competitive position in the world’s key markets.”

Genesis partners with AirAsia through the acquisition of one leased A320-200 from Mitsui & Co., Ltd.

Genesis partners with AirAsia through the acquisition of one leased Airbus A320-200 from Mitsui & Co., Ltd. Karl Griffin CEO Genesis said We have been focused on building our relationships across Asia and this transaction has provided Genesis the opportunity to partner with the strong Air Asia brand and a global trading and investment company Mitsui & Co., Ltd.”

NAC delivered one Bombardier DHC8-400, MSN 4196, to Link PNG on lease

Nordic Aviation Capital (NAC) 21 January confirmed the delivery of one Bombardier DHC8-400 to Link PNG on lease.

Nordic Aviation Capital delivered one new ATR 42-600, MSN 1411, to Silver Airways on lease

Nordic Aviation Capital (NAC) confirmed 18 January the delivery of one new ATR 42-600, MSN 1411, to Silver Airways on lease.

Nordic Aviation Capital fleet reaches 500 aircraft

NAC announced that it has added its 500th aircraft to its fleet. This is a landmark achievement for the world’s number one regional aircraft lessor as it continues to expand its fleet to meet the growing needs of its global customer base.

Soren M Overgaard, CEO of NAC, commented: “The first half of the financial year has been a busy one for NAC with many exciting developments across the business. Reaching a fleet of 500 aircraft is a significant milestone for the business and this, combined with our recent move to Gardens International,  will enable us to realise and fulfill our future plans for the growth and development of NAC. Our historical first-half performance demonstrates that we are off to a great start on our impressive growth trajectory”.

Jim Murphy, CCO, further commented on the 500 aircraft achievement; “I would like to thank our customers for their continuous support to enable us to reach this significant milestone. With their ongoing support, we are well-equipped to continue to refine and diversify our product offering, providing them with the most advanced and new-technology aircraft in the market. We look forward to building and nurturing our partnerships with our valued customers across the world”.

 ORIX Aviation Systems Limited joins the Aviation Working Group

ORIX Aviation announced 17 January that it has accepted an invitation to join the Aviation Working Group (AWG), a not-for-profit entity boasting an international membership that comprises major aviation manufacturers, leasing companies and financial institutions contributing to the development of policies, laws and regulations facilitating the advancement of international aviation financing and leasing. ORIX Aviation CEO James Meyler said “is indeed a great honour for ORIX Aviation to be invited to participate on the Aviation Working Group which is known globally as a leader in the conception and implementation of important policies and initiatives pertaining to our core business. We look forward to adding our world leading aircraft leasing and asset manager knowledge and experience in assisting AWG in achieving its overarching industry objectives.”

Zephyrus Aviation Capital Closes $350M Warehouse Finance Facility to Top Off a Year of Growth and Expansion

Zephyrus Aviation Capital announced 20 January that it has closed on a $350 million warehouse finance facility, with Deutsche Bank AG, New York Branch, acting as the sole structuring agent and lead arranger, with aircraft scheduled to be placed into the facility in the coming days and weeks. Zephyrus President and CEO, Damon J. D’Agostino said “After the success of our initial ABS, it was a pleasure to once again work with Deutsche Bank and our other partners on this warehouse facility, as this continuity allows us to more efficiently execute our business growth and development plans. This new facility, coupled with our highly skilled team and existing equity, will enable us to be even more responsive in providing solutions in the mid- to late-life aircraft market.”

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