Aircastle commits to acquire its first A320neos

During the 1Q 2018, Aircastle committed to acquire its first A320neos. The deal is for eight NEOs, six of which are expected to deliver in 2H 2018 with two additional aircraft during 1H 2019.

The aircraft will be acquired via sale and leaseback with a single undisclosed airline.

Aircastle will continue to look both on the airline side and the lessor side in the context of securing additional assets, but at the moment, it looks to be more lessor skewed in 2018 -- but that still remains to be seen.

As for any potential direct order book deals for new technology aircraft, Aircastle continues to have dialogue with both of the major manufacturers about what that might be and what that math would be and the risk profile from its perspective.

Currently, the lessor hasn't found the opportunity yet to go place a direct order, but it doesn't rule it out in the future.