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






Airborne On ANN

Airborne 10.17.16

Airborne 10.18.16

Airborne 10.19.16

Airborne 10.20.16

Airborne 10.21.16

Airborne Hi-Def On YouTube

Airborne 10.17.16

Airborne 10.18.16

Airborne 10.19.16

Airborne 10.20.16

Airborne 10.21.16

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



More News

Airborne 10.21.16: NIMBYs Out Of Control, SMO Evictions On Hold, New Race Class

Also: CVR/FDR Expansion, Focusing On Santa Monica, NASAO Boss, GE9X Engine, 1000th H-60M, Verizon Drones, New LAS ATC A Transportation Safety Board of Canada team is currently inve>[...]

Aero-News: Quote of the Day (10.23.16)

Aero-News Quote of the Day "Think of this transition as changing an engine on a plane when it's inflight. Rolling out STARS in our nation's busiest airspaces, without disrupting ai>[...]

ANN's Daily Aero-Linx (10.23.16)

Aero Linx: The Society of United States Air Force Flight Surgeons (SoUSAFFS) SoUSAFFS was established in 1960 to more specifically support the USAF FS than AsMA at large could. Sin>[...]

ANN's Daily Aero-Term (10.23.16): Final Approach Point

Final Approach Point The point, applicable only to a nonprecision approach with no depicted FAF (such as an on airport VOR), where the aircraft is established inbound on the final >[...]

ANN FAQ: Q&A 101

A Few Questions AND Answers To Help You Get MORE Out of ANN!>[...]

blog comments powered by Disqus





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