Tuesday, 24 May 2016

Irish Aircraft Leasing Newsletter 24 May 2016

                                                 
EI-STA Boeing 737-31S ASL Airlines
Amedeo Air Four Plus Limited: Potential Equity Raise To Fund Further Aircraft Acquisitions

Following the acquisition of the Company’s initial six A380 aircraft , and in line with its investment policy, the Company continues to seek further investments in widebody aircraft, which will be leased to one or more major airlines. The Board currently anticipates that it will consider, with the advice of Amedeo and Nimrod Capital, a further equity capital raise in order to fund the acquisition of aircraft for deliveries anticipated within the next twelve months. This would increase the overall market capitalisation of the Company, and will hopefully aid yet further liquidity in the trading of the Company’s shares. In particular, the Board is considering a proposal to acquire two Boeing 777-300ER aircraft for lease to Emirates Airlines, which the Directors believe has the potential to enhance prospective capital returns whilst maintaining the Company’s current target quarterly dividend.

Avolon delivers an Airbus A321-200 aircraft to Air Berlin

Avolon announced the delivery an Airbus A321-200 aircraft to Air Berlin. This is the sixth Avolon aircraft on lease to Air Berlin.

Avolon delivers an Airbus A320-200 aircraft to Volaris

Avolon announced the delivery an Airbus A320-200 aircraft to Volaris. This is the sixth Avolon aircraft on lease to Volaris.

AWAS acquires two 737-800 passenger aircraft on lease to flydubai and Norwegian

AWAS announced that it has acquired two modern 737-800 passenger aircraft with leases attached from another lessor. Marlin Dailey, AWAS Chief Commercial Officer commented, “AWAS is very pleased to expand our relationships with flydubai and Norwegian Air Shuttle. The trading channel is a key component of our fleet growth strategy, and AWAS will continue to acquire attractive aircraft on-lease globally.”

FLY Leasing Reports First Quarter 2016 Financial Results

FLY Leasing Limited announced its financial results for the first quarter of 2016. First Quarter 2016 Highlights include: · Adjusted Net Income of $16.2 million, $0.47 per share, · Net income of $7.1 million, $0.21 per share, closed $385 million aircraft acquisition facility and sold ten aircraft generating gross proceeds of $60 million after debt repayment and $445 million of aircraft acquisitions scheduled to close in second quarter. “FLY moves into the second quarter having accomplished several strategic objectives: completing the sale of 45% of our fleet – primarily older aircraft – at gains to book value, repurchasing 19% of our shares at a discount to book value, reducing core SG&A, and completing a new, attractively priced $385 million aircraft acquisition facility,” said Colm Barrington, CEO of FLY. “The company is in a strong position to deliver increased return on equity going forward.”

SMBC Aviation Capital orders additional CFM LEAP-1A engines

SMBC Aviation Capital, one of the world’s largest aircraft leasing companies, announces that it has ordered 10 CFM International LEAP-1A engines to power five of its Airbus A320neo aircraft. The engine order is valued at US $140 million at list prices and is a follow-on to SMBC Aviation Capital’s initial order for 60 LEAP-1A engines that the company announced at the Paris Air Show in June 2015. The aircraft are part of an order for 110 A320neos that SMBC Aviation Capital announced in 2014. A long-time CFM customer, Dublin-based SMBC Aviation Capital currently has a fleet of more than 350 aircraft powered by CFM56 and LEAP engines in service or on order.

Irish Aviation Research Institute © 24 May April 2016 All Rights Reserved

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