FIA2022: New Lessor Abelo signs agreement for 20 ATR aircraft

By Featured, FIA2022, Regional Turboprops

Newly formed Lessor Abelo and ATR, announced the signature of Heads of Agreement for 10 brand new ATR 72-600. The leasing company is also to confirm an order for 10 ATR 42-600S (the Short Take-off and Landing, or STOL, variant) previously signed by Elix Aviation in 2019. First deliveries of the ATR 72-600 will start in 2023, while the first STOL version will be delivered at the end of 2024.

Steve Gorman, Chief Executive Officer of Abelo, said: “We firmly believe that turboprops are the technology of today and tomorrow and this is why we are investing in the ATR platform. This new deal is further proof of our commitment to create growth and value for regional operators, providing them with the most modern, profitable and sustainable aircraft on the market. As we are looking to expand and become the go-to lessor of turboprops, our strong links with ATR will prove invaluable.”

Stefano Bortoli, ATR Chief Executive Officer, commented: “Abelo is a perfect partner for ATR and a force to be reckoned with in the regional aviation market. With today’s order for 20 aircraft, they demonstrate their long-term confidence in our product family and shine a light on the many opportunities that exist for operators across the globe. The financial community and leasing companies in particular have been unswerving supporters of ATR throughout the years, and will keep playing a key role.”

ATR new market forecast, unveiled today, shows a strong demand across the world for turboprops over the next 20 years. This appeal for the most responsible and affordable regional aircraft is already confirmed through this new deal, as well as through the fact that the manufacturer has recently managed to place its entire portfolio of second-hand aircraft.

Elix Aviation merges with ADARE Aviation Capital to create Abelo

By Featured

Elix Aviation, the international regional aircraft leasing company, is to merge with ADARE Aviation Capital. Elix is owned by funds managed by Oaktree Capital Management, L.P. (“Oaktree”), which initiated the merger to enable further investment in the regional Turbo-prop sector and to introduce an experienced new leadership team.

The merged companies will operate as Abelo, integrating Elix Aviation’s platform and Turbo-Prop portfolio with the management expertise of ADARE Aviation Capital.

“Elix Aviation has weathered the pandemic and is well placed to enter a new phase of growth. With the addition of ADARE Aviation Capital, we have formed a leadership team that has significant expertise and experience in regional aviation,” says Martin Graham, Managing Director at Oaktree . “We believe the synergy of the teams will enable Abelo to become a market leader, creating growth and value for its stakeholders. We look forward to supporting this exciting transition.”

Effective as of June 21st, Abelo’s executive team will be:

  • Stephen Gorman, Chief Executive Officer
  • Mathieu Duquesnoy, Chief Marketing Officer
  • Michael Hayden, Chief Operating Officer

Abelo’s new CEO, Stephen Gorman, says: “This merger comes at a unique time in the aviation cycle, so we are thrilled to be able to align with Oaktree and join forces with the team at Elix Aviation in the creation of Abelo. We remain committed to regional aviation and believe Abelo will be well placed to grow in the Turbo-Prop sector.

There are a lot of changes expected in all areas of the business – especially in ESG – and we intend to be in the driving seat of progress. This is also an exciting time for the Elix Aviation employees joining us, as with the support of Oaktree, we plan to accelerate growth and become the go-to lessor of turboprop aircraft.”