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Irish Aircraft Leasing Newsletter 30 March

Irish Aircraft Leasing Newsletter 30 March

Aircastle Limited Announces Receipt of Final Regulatory Approval in Connection with Pending Merger

Aircastle announced the receipt of the final regulatory approval that is a condition to closing Aircastle’s previously announced merger with an entity controlled by affiliates of Marubeni Corporation and Mizuho Leasing Company, Limited. The parties received clearance from the competition authority in Morocco on March 24, 2020. Commenting on the approval, Michael Inglese, Aircastle’s Chief Executive Officer, stated, “We are pleased to have reached this milestone in our pending merger with Marubeni and Mizuho Leasing, who have a long-term horizon and remain committed to our strategy and the aviation industry.  We look forward to the new investment opportunities that lie ahead for Aircastle together with Marubeni and Mizuho Leasing.”

Fly Leasing Announces 20-F Filing

Fly Leasing Limited announced it filed its annual report on Form 20-F, including its audited financial statements for the fiscal year ended December 31, 2019, with the U.S. Securities and Exchange Commission (the “SEC”). FLY’s Form 20-F can be accessed by visiting here.

SMBC Aviation delivers third Airbus A320neo to S7

SMBC Aviation Capital announced the delivery of one (1) Airbus A320neo aircraft (MSN 9590) equipped with two (2) Pratt & Whitney PW1127G-JM engines to S7. This is the third A320neo aircraft to be delivered to S7 from an eight (8) aircraft deal.

VD Gulf Announce Maintenance Agreement With GECAS

VD Gulf announced that we have signature of a long-term maintenance agreement with GECAS for their fleet of aircraft. The first aircraft will be Boeing 777-300ER ‘s requiring cabin modification and will be inducted during the 1st half of 2020.

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