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Falko Regional Aircraft Limited (Falko), the world’s largest asset manager and aircraft lessor focused solely on the regional aircraft sector, has provided a summary of its Q3 2023 market activity.
Falko added seven aircraft to its portfolio during the quarter, a mixture of CRJ900 regional jets and Q400 turboprops on lease to flag carriers, Air Canada, and Ethiopian Airlines. The aircraft were acquired on behalf of Falko’s managed fund, Falko Regional Aircraft Opportunities Fund II (Fund II).
Five aircraft were also delivered on operating leases. These included the previously announced Embraer E170 aircraft delivered to U.K. carrier, Eastern Airways, three Embraer E190 aircraft delivered to South African carrier, Airlink and a further E190 delivered to a European carrier.
In addition, lease extensions relating to one E190 and one ATR 72-600 were finalized. Falko also concluded the sale of one ATR 72-500.
Reflective of strong market activity, letters of intent relating to 15 aircraft were signed during the period. These relate to the sale of three turboprop aircraft, placement on lease of three aircraft to two airlines and lease extensions relating to nine aircraft.
In total, Falko’s third quarter activity related to 30 separate aircraft transactions involving 12 customers located across various jurisdictions, highlighting demand across Falko’s global customer base.
Activity was weighted slightly towards regional jets with half of the transactions involving Embraer aircraft.
As at Sept. 30, 2023, Falko’s portfolio totaled 270 aircraft on lease to 42 customers.
Commenting on Falko’s portfolio activity, Mark Hughes, Falko’s chief commercial officer, stated:
“We are delighted to be able to announce transactions relating to 30 aircraft in our portfolio during the quarter which is indicative of strong demand for all regional aircraft types. We are pleased to have added a further seven aircraft for Fund II, but the clear strength in the market has come from lease extensions and the signing of new leases, as airlines continue to seek capacity. Our third quarter activity involved customers from various jurisdictions with a significant number of transactions involving customers from Europe, Africa and South America as well as from North America and Asia, demonstrating the current global demand for regional aircraft.”
This press release was prepared and distributed by Falko Regional Aircraft.
