Falko Regional Aircraft Limited (Falko), is pleased to announce the acquisition of one (1) ATR72-500 aircraft on lease to regional carrier, Blue Islands. The aircraft bearing MSN 884 was purchased from Aergo Capital Limited (“Aergo”) who managed the sale on behalf of the owner.
Mark Hughes, Falko’s Chief Commercial Officer, comments, “We are delighted to complete this acquisition with Aergo. The deal establishes Falko’s trading partnership with the lessor, which is our second closing in H2 2023 following the previously announced acquisition of four (4) Q400NG aircraft from Aergo.”
Karl Trowbridge, Head of Asset Management at Aergo commented: “We are thrilled to see the successful conclusion of this ATR72-500 sale. This deal marks the last of five recent transactions with Falko. We would like to thank them for their diligence and commitment throughout and look forward to working with them again in the future.”
Mark continues, “We are pleased to increase the number of aircraft on lease to Blue Islands which has established itself as the leading carrier in the Channel Islands. The airline operates an exclusive ATR fleet, the ATR aircraft type being ideally suited to Blue Islands’ regional network providing high frequency connectivity to the Channels Islands as well as being recognised as one of the most fuel-efficient aircraft types.”
Rob Veron, Chief Executive Officer of Blue Islands said, “This acquisition further broadens our relationship with Falko; its leading position in the regional aircraft sector aligns perfectly with Blue Islands as the provider of connectivity to the Channel Islands with over 9,000 flights per year on our all-ATR fleet.”
The acquisition is the latest investment made on behalf of Falko’s managed fund, Falko Regional Aircraft Opportunities Fund II which has acquired fourteen aircraft in 2023, a mixture of turboprops and regional jets leased to four operators.
Falko services three ATR72 aircraft on lease to Blue Islands through its managed portfolios.