|Aer Lingus Airbus A330-300|
Avolon recorded a 67% increase in its fleet of owned, managed and committed airliners for 3Q 2016 compared to the same period a year ago, the company said. The number of aircraft rose from 258 to 432. In a 3Q trading update, Avolon said it delivered 31 aircraft over the past three months, including 22 from the GECAS portfolio, to 19 customers. The company sold 11 aircraft, seven from its owned fleet and four from its managed fleet. Letters of intent were executed for sale of a further 13 aircraft.
Avolon delivers one Airbus A320-200 to Volaris
Avolon announced the delivery of one Airbus A320-200 aircraft to Volaris. This is the eighth Avolon aircraft on lease to Volaris.
Denis Nayden joins Avolon Board
Avolon announced the appointment of Denis Nayden to its Board as Vice Chairman and Chair of the Risk Committee. Mr Nayden is a veteran of the aircraft leasing industry and previously served as Avolon’s Chairman from its founding in 2010, through its successful listing on the New York Stock Exchange in 2014 and up to the point of completion of Avolon’s acquisition by Bohai Capital in January, 2016.
Investec sells interest in Goshawk Aviation
Investec Aviation Finance announced that it has sold out of Goshawk Aviation Limited (Goshawk) and Goshawk Management Holdings Limited (Manco) to its co-shareholders Chow Tai Fook Enterprises (CTFE) and NWS Holdings Limited (NWS). Co-investors CTFE and NWS each have increased their respective stakes in Goshawk and Manco from 40% to 50% through the sale by Investec. Goshawk has aircraft in 25 countries on lease to 34 airlines, including many of the world’s flag carriers and market leading LCC’s such as Etihad, American Airlines, Iberia, Air China, Ryan Air, Indigo and Lion Air.
SAS funds A320neo deliveries with sale-leaseback with Standard Chartered
Scandinavian Airlines Systems (SAS) and Standard Chartered Bank have successfully closed a sale and operating leaseback transaction for two CFM LEAP-1A powered A320neo aircraft. The first A320neo aircraft was delivered on 20 October 2016 and the second aircraft will be delivered during November 2016. The aircraft are the first deliveries from SAS’ order of thirty A320neo with Airbus. The aircraft will operate its first commercial service on 26 October.
Irish Aviation Research Institute © 31 October 2016 All Rights Reserved.