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Irish Aircraft Leasing Newsletter 8 February

Irish Aircraft Leasing Newsletter 8 February

AerCap Announces Retirement Philip Scruggs; Peter Anderson Assumes the role of Chief Commercial Officer

AerCap announced today that Philip Scruggs, President and Chief Commercial Officer, will retire in March 2021 and that Peter Anderson will take over as Chief Commercial Officer. AerCap CEO Aengus Kelly said “Through his leadership, his customer relationships and his acute commercial acumen, Phil has played an integral role in establishing AerCap as the world’s leading aircraft leasing company. I would like to thank Phil personally and on behalf of the AerCap team for his outstanding service over the past 26 years and for his role as an architect of our company. His legacy will not only be the successful aircraft leasing platform he helped create but also the leaders whom he has mentored and developed throughout his career.”

NAC delivers first of fifteen Embraer E190 to Breeze Airways on lease

Nordic Aviation Capital (NAC) confirmed the delivery of one Embraer E190, MSN 19000070 to Breeze Airways on lease. This is the first aircraft to deliver as part of a fifteen E190 aircraft lease agreement made with Breeze Airways. The transaction represents a significant vote of confidence in the E190 and in NAC’s TrueChoice Flight Hour agreement with GE for the CF34-10E engine. Nordic Aviation Capital (NAC)  CCO Jim Murphy said “This announcement coincides with significant interest in the E190 worldwide. Regional aircraft like the E190 were the first to be returned to service as they are ideally suited to serve post COVID demand. This aircraft type is once again experiencing a resurgence as it allows airlines to continue to profitably service all of their pre-COVID markets and retain pre-COVID frequency. The Breeze team has vast experience with the E-Jet family, and we are excited to work with them as they begin their new airline with the E190, an aircraft type ideally suited to their exciting new network.”

SMBC Aviation Capital delivers Airbus A321 aircraft to Delta Air Lines

SMBC Aviation Capital announced the delivery of one (1) Airbus A321 aircraft (MSN 10133) equipped with two CFM56-5B3/3 engines to Delta Air Lines.

SMBC Aviation Capital delivers seven Boeing 737-8 Max to Southwest Airlines

SMBC Aviation Capital announced the delivery of seven (7) Boeing 737-8 MAX (MSN 61866, 61871, 61870, 61889, 61865, 61860 and 61868 ) each equipped with two (2) CFM LEAP-1B27 engines to Southwest Airlines. These are the first 7 Boeing 737-8 MAX to be delivered to Southwest Airlines from a twelve (12) aircraft deal with the remaining aircraft scheduled to deliver this year.

Voyager Announces the Lease Conversion of a Second 747-8F with Voyager Aviation

Voyager announced that it has entered into an agreement with AirBridgeCargo Airlines and Volga-Dnepr Group to convert the operating lease on one (1) of the Company’s 747-8F aircraft into a finance lease. The transaction is the second conversion of a 747-8F operating lease with AirBridgeCargo (part of Volga-Dnepr Group) to a finance lease.

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