Ken Fitzibbon, CEO, EirTrade Aviation.
EirTrade Aviation has become a servicer for four A330-300s acquired by Scissortail Aviation International Leasing I Limited (SAIL I Ltd.). The aircraft are currently on lease with an airline, and EirTrade will now manage these aircraft for the duration of the lease and in end-of-life. SAIL I Ltd is managed by Acorn Capital Management.
“This is a huge milestone for EirTrade Aviation as we continue to grow our asset management capabilities and demonstrate the proficiency of the relationship between EirTrade and Acorn Capital Management,” said Ken Fitzgibbon, CEO of EirTrade Aviation. “The acquisition signals confidence in the platform we’ve built at EirTrade and the expertise we bring to managing complex, high-value assets.”
Lee Carey, Chief Investment Officer at EirTrade Aviation, commented: “Following on from the existing lease terms, the engines and airframes will provide the business with an excellent pipeline of high-demand material and greentime engines to support our customers operating A330 aircraft. This transaction reinforces the strength of our internal collaboration with Acorn and positions EirTrade to deliver even greater value across the A330 platform.”
“This partnership with EirTrade is a critical step in our strategy to ensure long-term value across our aviation portfolio,” added Justin Chung, Head of Alternative Credit Strategies at Acorn Capital Management. “Their extensive experience in asset management, particularly within the A330 space, aligns perfectly with our goals and enhances our ability to capitalise on emerging opportunities.”
Photo: EirTrade Aviation
