Wheeling And Dealing ... AerCap Agrees To Sell Six A320 Aircraft To Avolon | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 08.22.16

Airborne 08.23.16

Airborne 08.24.16

Airborne 08.25.16

Airborne 08.26.16

Airborne Hi-Def On YouTube

Airborne 08.22.16

Airborne 08.23.16

Airborne 08.24.16

Airborne 08.25.16

Airborne 08.26.16

Tweet Us The Coolest Things You See @OSH16!
#OSH16Coolest!

It's Alive!: AirVenture 2016 Innovation Preview on Vimeo!

It's Alive!: AirVenture 2016 Innovation Preview on YouTube!

Fri, May 28, 2010

Wheeling And Dealing ... AerCap Agrees To Sell Six A320 Aircraft To Avolon

Then Establishes A Joint Venture With Avolon To Own Three A330 Aircraft

AerCap Holdings has signed an agreement with Dublin-based aircraft leasing company Avolon for the sale of six A320s, the company announced Tuesday. Four of the aircraft were manufactured in 2010 and are part of the AerVenture portfolio, a joint venture between AerCap and Abu Dhabi's investment holding company Waha Capital. The other two aircraft are owned by AerCap and were manufactured in 2008. All aircraft have been sold with leases attached.

In addition to the A320 sale, AerCap has established a joint venture with Avolon which owns three of AerCap's A330-200 aircraft on long-term leases with Aeroflot. AerCap and Avolon will each contribute 50% of the equity required for this joint venture. AerCap will continue to manage the aircraft and the related leases.

AerCap's CEO Klaus Heinemann said: "Investor demand for new aircraft has significantly increased over the last few months, especially when linked to long-term leases with prime airlines. This market environment has provided attractive opportunities for us to sell aircraft from our young, fuel-efficient portfolio and from our order positions in order to achieve our diversification objectives and further optimize our portfolio."


A330 File Image

Domhnal Slattery, CEO of Avolon, added: "Following our successful $1.4 billion initial capital raise, we are pleased to announce this important transaction with AerCap and to welcome five new airline customers to Avolon. Our objective is to build Avolon into a leading player in the global aircraft leasing sector by deploying our capital effectively and in a manner which meets our airline customer requirements and our expected rates of return. Our primary focus will be on Airbus A320 and Boeing 737NG family aircraft but, as today's announcement demonstrates, we retain the capability to invest in long-haul aircraft which meet our risk and return criteria."

FMI: www.aercap.com

 


Advertisement

More News

Airborne 08.25.16: Airlander 10 Accident, M500 EASA Cert, Flying Car Frenzy

Also: Veterans Against Airshows, Redbird Migration 2016, Rocket Debris, Charles Taylor Award, Wayward Satellite, Norfolk International, Hawaiian Airlines It was only last week that>[...]

Drug Trafficker Sentenced In Virginia

Had Purchased Airplanes Used To Transport Large Quantities Of Narcotics A man who had purchased two airplanes in Virginia that were used to transport tons of cocaine between Guatem>[...]

ANN's Daily Aero-Linx (08.26.16)

Frank Ambrose Beginning as an Air Force Photographer in 1943, Frank Ambrose now operates a studio in Gloversville, New York specializing in Commercial, Industrial and Portrait phot>[...]

ANN's Daily Aero-Term (08.26.16): Position Report

A report over a known location as transmitted by an aircraft to ATC.>[...]

Aero-News: Quote of the Day (08.26.16)

"This year's research shows that South Carolina's aerospace industry is diversifying and trending towards sustainable growth." Source: Dr. Joey Von Nessen, author of the South Caro>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC