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Irish Aircraft Leasing Newsletter 5 June

Irish Aircraft Leasing Newsletter 5 June

Jackson Square Aviation Ireland to Lease Six New Boeing 737 Max 8 Aircraft to Jet Airways

Jackson Square Aviation Ireland (JSAI) announced 30 May its first sale and leaseback transaction with Jet Airways (India) Limited for six new Boeing 737 MAX 8 aircraft, with deliveries commencing in 2019.

McCann FitzGerald expands New York Office with specialist Aviation and Asset Finance expertise

Irish law firm, McCann FitzGerald announced it is increasing its investment and expanding its reach in the US market with the appointment of Senior Associate, Richard Gill, to its New York office. Barry Devereux, Managing Partner, McCann FitzGerald said: “McCann FitzGerald is excited to be expanding the range of services it offers clients from the US market.   The increasing demand for legal services from US-based aviation and asset finance clients means that Richard’s arrival in New York allows us to grow the services we offer clients and increase our focus on this important market.”

NAC purchased and immediately leased back one Bombardier DHC8-400, MSN 4580, to Philippine Airlines

Nordic Aviation Capital (NAC) announced 29 May that it has purchased and immediately leased back one Bombardier DHC8-400, MSN 4580, to Philippine Airlines (PAL).

TrueNoord closes purchase of two Embraer E190 regional aircraft from GECAS operated by Mandarin Airlines

TrueNoord announced 29 May it has closed the purchase of two Embraer E190 aircraft from GECAS. These aircraft are under lease with and operated by Mandarin Airlines. This pair of aircraft increases TrueNoord’s Embraer fleet under lease to seventeen globally operated E190s. The purchase was partially financed under a finance facility by BNP Paribas and DVB Bank. Pillsbury and Stek acted as legal advisers for TrueNoord throughout the transaction.

Ural Airlines signs US$1.5 billion deal to lease 14 Boeing 737 MAX 8s from SB Leasing Ireland 

Ural Airlines announced 29 May it’s to acquire 14 Boeing 737 MAX 8s from Boeing in deal valued at US$1.5 billion. The aircraft will be purchased by SB Leasing Ireland and leased back to the airline on 12-year operating leases, with the option to extend. The aircraft will be delivered from October 2019 through May 2022.

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