Monday, 18 April 2016

Irish Aircraft Leasing Newsletter 18 April 2016

                                                 
Airbus A350-900 Dublin Airport 
AerCap Leased, Purchased and Sold 131 Aircraft in the First Quarter 2016

AerCap Holdings N.V announced its major business transactions for 2016Q1. Signed lease agreements for 100 aircraft, including 23 widebody and 77 narrowbody aircraft. Purchased 6 aircraft, including 5 Boeing 787-9s and 1 Boeing 737-800. Executed sale and part-out transactions for 25 aircraft, including 3 Airbus A320-200s, 1 Airbus A321-100, 3 Boeing 737NGs, 1 Boeing 737 classic, 2 Boeing 747-400s, 2 Boeing 757-200s, 3 Boeing 777-200ERs and 4 Bombardier CRJ-900s from AerCap’s owned portfolio, and 1 Airbus A330-300, 1 Airbus A340-300, 2 Boeing 737 classics, 1 Boeing 757-200 and 1 Boeing 777-200ER from AerCap’s managed portfolio. Signed financing transactions for $0.1 billion in the first quarter 2016. We also closed a $0.7 billion credit facility in April 2016.

Amedeo Air Four Plus Limited Acquisition Of Asset

Amedeo through its wholly-owned subsidiary AA4P Zeta Limited (“AA4PZ”), on 13 April 2016 purchased directly from Airbus one A380 aircraft bearing manufacturer’s serial number 208 at a net cost to the Company of US$275 million. In accordance with the Investment Process outlined in the Prospectus, the Aircraft is the Sixth Asset to be acquired by the Company. Following acquisition of the Aircraft, AA4PZ entered into Aircraft Operating Lease arrangements with Emirates pursuant to which the Aircraft has been leased to Emirates for a term of 12 years, with fixed lease rentals for the duration. Following this purchase, the Company therefore now owns six A380s which have all been leased to Emirates.

Avolon delivers one Airbus A320-200 to Thai AirAsia

Avolon announced the delivery of one Airbus A320-200 aircraft to Thai AirAsia. This is the second Avolon aircraft on lease to Thai AirAsia.

Avolon delivers one Boeing 787-9 to Virgin Atlantic

Avolon announced the delivery of one Boeing 787-9 aircraft to Virgin Atlantic. This is the third Avolon aircraft on lease to Virgin Atlantic.

Avolon proud to be industry partner of new MSc in Aviation Finance

Europe’s only MSc in Aviation Finance launched at the UCD Michael Smurfit Graduate Business School. Avolon attended the launch of the new Masters Degree in Aviation Finance at the UCD Michael Smurfit Graduate Business School. Avolon is an industry partner of the new degree and believes the course will help sustain Ireland’s position as the world’s largest centre for aviation finance and leasing. The new course will develop student’s understanding of all aspects of aviation finance, with a specific focus on the practical features of global aviation markets.

Irish leaders key to aircraft leasing sector

Op Ed by Joe Gill director of corporate broking with Goodbody Stockbrokers. To read see here

University College Dublin Michael Smurfit Graduate Business School Announces Norman C.T. Liu Aviation Scholarships

University College Dublin Michael Smurfit Graduate Business School Announces Norman C.T. Liu Aviation Scholarships to Support Graduate Students Pursuing Master’s Degree in Aviation Finance. The University College Dublin (UCD) Michael Smurfit Graduate Business School today announced that GE Capital Aviation Services (GECAS) Chairman Norman C.T. Liu has generously established a €100,000 scholarship fund to support students enrolled in the school’s new master’s program in aviation finance. The Norman C.T. Liu Aviation Scholarships will be awarded to eight full-time students from Asia, Africa, the Middle East or Latin America over the next five years.

UCD Smurfit School introduces Europe’s first Masters in Aviation Finance

UCD Michael Smurfit Graduate Business School has launched Europe’s first Masters in Aviation Finance to support the development of the next generation of aviation lessor management talent to ensure Ireland remains a global leader in the sector. The course was launched at UCD Smurfit School by Willie Walsh of IAG in the presence of other global leaders in aviation. Ireland has carved out a leadership position in aviation finance and today 50% of the world’s leased aircraft are owned and managed from Ireland with over 1,000 people directly employed. The industry contributes €4.1 billion to the economy comprising €1.9 billion directly from aviation, €1.3 billion through the supply chain, and a further €900 million from associated spending by people employed in the sector. With the sector expected to double in scale in the next twenty years, UCD Smurfit School’s decision to introduce a Masters in Aviation Finance will enable Ireland to support the further development of this important industry for the Irish economy and assert its position as a global hub for the sector.

Irish Aviation Research Institute © 18 April 2016 All Rights Reserved

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