ORIX Aviation Systems Ltd (“ORIX Aviation”) has yesterday successfully concluded the sale and delivery of a package of twelve B737 MAX-8 (LEAP 1B engines) on behalf of the secured financiers of the aircraft to funds managed by Sky Leasing. Since early 2021 ORIX Aviation has managed all twelve aircraft, overseeing their return from five different locations throughout Europe, ensuring appropriate maintenance and storage while the remarketing process was carried out. All twelve aircraft were previously operated by Norwegian Air Shuttle.

James Meyler, ORIX Aviation’s CEO, remarked: “We are delighted to have concluded this large transaction, selling twelve B737 MAX-8 on behalf of the secured financers behind the aircraft. This is a great result for all stakeholders involved and represents a fantastic opportunity for Sky Leasing to deploy one of the most fuel efficient and desirable narrowbody aircraft with their customers. It has also been a great opportunity to showcase ORIX Aviation’s best-in-class remarketing and asset management services, as we tirelessly work to protect and maximise investor value.”