Asia Aviation Capital completed four transactions in 4Q 2017: acquiring one aircraft on lease in Europe, extending two AirAsia India A320-200ceo aircraft, and delivering one new aircraft under a two-aircraft purchase and leaseback (PLB) transaction to an airline in Mexico.

Asia Aviation Capital entered into an agreement with Ireland’s Pembroke Aircraft Leasing to acquire one June 2017 vintage Boeing 737-800W, on lease to Norwegian AS (NAS). The transaction was completed on 16 November 2017, making the 737-800W Asia Aviation Capital’s first Boeing aircraft. NAS is Asia Aviation Capital’s first European customer and is also the second customer outside the current AirAsia customer group of five airlines in Malaysia, India, Indonesia, Philippines and Thailand.

VivaAerobus, based in Monterrey, Mexico, is Asia Aviation Capital’s newest customer. In mid- November, at very short notice, Asia Aviation Capital stepped in to a PLB position vacated by another lessor and executed a lease with VivaAerobus for two A320ceo aircraft, powered by IAE V2527 engines. The first aircraft, MSN 8024, was delivered to VivaAerobus on 11 December 2017 and the second aircraft, MSN 8027, is scheduled for delivery in the last week of January 2018. “We were delighted that Asia Aviation Capital was able to step in, at extremely short notice, to take up the PLB financing opportunity.” said Sr. Juan Carlos Zuazua, CEO of Viva Aerobus. “The speed with which they were able to execute the transaction documentation was impressive and their execution of the whole deal was performed at the highest standard. We look forward to developing our relationship with them”, he said. VivaAerobus is Asia Aviation Capital’s first customer in The Americas and its fourth customer outside the AirAsia Group.

“Each of these transactions is in line with the strategy of diversifying our portfolio by broadening our customer base and by expanding our range of asset types”, said Stephane Daillencourt, Singapore- based CEO of Asia Aviation Capital.