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Irish Aircraft Leasing Newsletter 6 June

Irish Aircraft Leasing Newsletter 6 June

Avolon delivers one Airbus A320-251N to Garuda

Avolon announced 26 May the delivery of one Airbus A320-251N aircraft to Garuda. This is the tenth Avolon aircraft on lease to Garuda.

SMBC Aviation Capital concludes two aircraft deal with new customer Philippine Airlines

Philippine Airlines (PAL) and SMBC Aviation Capital announced 26 May a transaction for two Airbus A350-900 XWB on sale and leaseback which includes the financing of Pre-Delivery Payments to Airbus. The aircraft, which will be the first of its type to be added to the PAL fleet, are scheduled for delivery in 2018 and will be fitted with Rolls Royce Trent XWB-84 engines

Standard and Poor’s: Ranking Affirmed At STRONG On ORIX Aviation Systems As A Commercial Aircraft Lease Servicer; Outlook Stable

S&P Global Ratings 26 May affirmed its STRONG overall ranking on Orix Aviation Systems Ltd. (OAS) as a commercial aircraft lease servicer in Ireland. The outlook is stable. As of December 2016, OAS’ fleet totaled 146 leases, up from 113 in 2015. The fleet is made up of 137 narrowbody commercial jet aircrafts, eight widebody commercial aircrafts, mainly Airbus and Boeing, and one spare engine.

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