Category

Leasing

Falko outlines strong portfolio activity for Q2 2022

By Featured, Leasing

Falko Regional Aircraft Limited (Falko) has provided a summary of its Q2 2022 market activity, noting particularly heavy activity in the regional turboprop sector.

23 aircraft were added to its portfolio during the quarter, with eight aircraft sold and four aircraft delivered on lease to customers in Europe. The ATR product led the way, with three ATR 72s being delivered to Loganair and Emerald Airlines. An Embraer E195 was also delivered to SAS Link.

Commenting on the quarter’s activity, Mark Hughes Falko’s Chief Commercial Officer stated:

“We are delighted to be able to announce transactions relating to 36 aircraft in our portfolio during the quarter and we see recurring demand for all regional aircraft types. This quarter saw a substantial transaction volume involving ATR products where Falko now manages 75 ATR42/72 aircraft making us one of the leaders in this space.

We continue to see confidence from customers worldwide and across all product types which makes us positive about demand in the second half of 2022.”

August 10, 2022

TrueNoord leases second Embraer E190 to Cobham Regional Services

By General News, Leasing

TrueNoord has completed the transition of a second Embraer E190 to Cobham Regional Services on a six-year operating lease. The aircraft was integrated into Cobham’s fleet in May and is already operating charter flights from its base in Perth.

Jack Bos, TrueNoord Technical Director, explains how the team dealt with the complexity of moving the E190 from its previous lessee, Mandarin Airlines: “At the time it was not possible to send inspectors to Taiwan without them having to quarantine for two weeks on arrival. We addressed this issue by hiring two experienced local consultants who sent daily reports including many detailed pictures. We had frequent contact with them throughout the transaction.”

Cobham’s Business Development Director, Tim Pirga, comments that Cobham is pleased to have received a second Embraer E190 from TrueNoord – which has now entered service and is supporting natural resources projects in Western Australia.

Cobham Regional Services acts as a critical link in the energy and resources sector, providing fly-in/fly-out (FIFO) services in support of mining, oil and gas projects throughout Australia. The company also provides flexible, bespoke charter flights with a full range of service options to Australia’s city centres and regional destinations.

“The E190 is not only one of the most environmentally friendly jets in the world, it offers substantially better operational uplift performance, particularly in hot weather at regional ports such as in the Pilbara.  It is also able to fly further distances compared to similar size aircraft. This reduces the need for additional fuel uplift in regional and remote locations and cuts CO2 emissions by up to 15 per cent per trip” said Pirga.

August 4, 2022

airBaltic’s Q400 fleet to return to lessor Nordic Aviation Capital

By Featured, Leasing

Latvian airline airBaltic has announced that it has started on the redelivery process of its Bombardier Q400 NextGen aircraft back to their lessor Nordic Aviation Capital. It is expected that all 12 Q400 NextGen aircraft will be returned to the lessor by the end of the year.

In the wake of the pandemic in 2020, the airline decided to introduce an all Airbus A220 fleet to replace the Q400s.

Martin Gauss, Chief Executive Officer of airBaltic: “The first redelivery flight marks an official end to our previous stage of development. Our Q400 fleet helped us to get where we are today – flying the youngest and most modern fleet in Europe. Airbus A220-300 are the backbone of our future growth.”

The first Bombardier Q400 NextGen aircraft joined airBaltic back in 2010. Over the years, 12 different Bombardier Q400 NextGen have carried more than 11 million passengers in total and have performed more than 222 thousand flights all across the Europe.

July 22, 2022