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 Q2 2023 market activity.
During the quarter Falko added a further Embraer E195-E2 to the portfolio having taken delivery of its fifth E195-E2 aircraft. This was the final delivery in a previously announced five aircraft sale and leaseback transaction with Porter Airlines. Leases relating to six aircraft, a combination of regional jets and turboprops, were also extended during the quarter. Purchase documentation was signed in relation to the acquisition of four aircraft on lease to an African carrier with completion expected in the third quarter. In addition, Falko has signed Letters of Intent in relation to the sale of one aircraft and the placement of eight aircraft for lease with customers in Europe and Africa. In total, Falko’s second quarter activity related to 20 separate aircraft transactions with nine different airline customers operating in Australia, Asia, Africa, Europe as well as both North and South America.
Activity was focused primarily on the regional jet sector in particular Embraer EJet aircraft with the final delivery of the E195-E2 to Porter Airlines as well as the aircraft placements and lease extensions involving E170, E175 and E190 types.
As at 30 June 2023, Falko’s portfolio totaled 264 aircraft on lease to 44 customers worldwide.
“We are delighted to be able to announce transactions relating to twenty aircraft in our portfolio during the quarter”. Mark Hughes, Falko’s Chief Commercial Officer, commented on the quarter’s activity. “With supply side constraints continuing to impact OEM production rates, we are seeing an uptick in demand from airlines for lease extensions and new leases as reflected in the number of concluded lease extensions and LOIs agreed with airlines, as they manage capacity to keep up with passenger demand. It’s particularly pleasing to see transactions with airlines from all major geographic markets during the last three months.”