Deucalion Aviation announces the purchase of one Boeing 737 MAX 8 on lease to TUI Airways

In conjunction with BOT Lease Co., Ltd (BOTL) of Japan, Deucalion is delighted to announce the acquisition of one 2021 vintage Boeing 737 MAX 8 aircraft msn 44605 subject to an existing lease with TUI Airways. 

This is Deucalion’s first transaction under this new collaboration which aims to source high quality aircraft investments for BOTL, with Deucalion providing origination and ongoing aircraft management services.

Co-CEO Stephan Sayre commented:

I’m thrilled to announce this transaction, which marks the beginning of a promising collaboration with BOTL. The synergy between our teams has been outstanding, and we anticipate many more successful transactions in the future as we continue to work together.

Hisanori Kamachi, General Manager of Aviation Business Division of BOTL said:

We are very pleased with the first aircraft trading opportunity in cooperation with Deucalion. We are impressed by their expertise and appreciate their dedicated, professional work and hope this transaction will be the beginning of our new longstanding business relationship.

Co-CEO Jon Skirrow added:

At Deucalion, we believe that offering competitive solutions to both investors and airlines is paramount to our success.  In the first four months of 2024, we successfully concluded 25 aircraft and engine transactions as we continue to enhance our reputation as the best-in-class aviation asset manager.

Image credit: Stephen Groom