SkyWorks Holdings today announced transactions and activities performed during Q4 2018 for its Leasing & Asset Management and Investment Banking & Advisory Groups.
Leasing & Asset Management Group activities included the following:
- On behalf of Modern Logistics, Brazil, SkyWorks sourced and arranged an operating lease for one additional 737-300SF aircraft (its 4th 737SF). SkyWorks also renewed its engagement with Modern Logistics to provide continued aircraft sourcing and fleet analytical support services.
- On behalf of a US investor, SkyWorks arranged a long-term lease extension with American Airlines for one A319-100.
- On behalf of its Sierra Echo Aircraft Leasing Limited vehicle, SkyWorks closed on the acquisition of 8 Boeing and Airbus aircraft from 4 different sellers. The aircraft are on lease to 5 different operators globally and will be managed by SkyWorks Leasing (Ireland) Limited.
- SkyWorks was retained by Aviator Capital to arrange the sale of a portfolio consisting of five commercial jet aircraft and two engines on lease to various operators. The RFP has been launched and closing is scheduled for Q2 2019.
- SkyWorks was retained by a US investor to perform lease return and aircraft remarketing services for one 737-700, available Q3 2019, and one 777-300ER, available Q1 2021.
- SkyWorks is currently offering two 2006 vintage A330-300 (RR), available for sale or lease.
Investment Banking & Advisory Group activities included the following:
- SkyWorks arranged a $160mm revolving credit facility secured by A320neo PDP payment obligations on behalf of Spirit Airlines with Credit Agricole CIB and Norddeutsche Landesbank Girozentrale.
- On behalf of its Sierra Echo Aircraft Leasing Limited investment vehicle, SkyWorks closed a $300 million bank facility led by Bank of America, N.A. (as Structuring Agent and Joint Lead Arranger), with BNP Paribas and Royal Bank of Canada acting as Joint Lead Arrangers.
- SkyWorks completed its assignment as an advisor to Atlas Air Worldwide Holdings in respect of the financing of 20 767-300ERFs that it acquired to operate for Amazon Fulfillment Services, Inc. Overall, 14 aircraft were financed by a Japanese bank and 6 aircraft were financed with a combination of debt from the US private placement market and with a US bank.
- SkyWorks was engaged by a North American carrier to arrange JOLCO financing for its 2019 aircraft deliveries.
- SkyWorks was engaged by a Middle East network carrier to provide fleet-related advisory services, focused on maintenance and return condition exposure for its leased aircraft.
- SkyWorks continued its engagement with a North American low-cost carrier to source eight new 737 MAX 8 aircraft, to be delivered in 2019.
- SkyWorks continued to provide fleet-related advisory services to a European flag carrier.
- SkyWorks continued to provide fleet- and network-related advisory services to Fiji Airways, including long-term market growth analysis and schedule-driven operational cost reduction and aircraft acquisition advisory services.
- SkyWorks continued to provide fleet-related advisory services to Royal Jordanian Airlines, including lease extension/returns and aircraft acquisition advisory services.
- SkyWorks continued to provide fleet-related advisory services to a North American low-cost carrier.