Falko Acquires Four CRJ900 Aircraft on lease to Air Canada
London, 2 November 2023
Falko Regional Aircraft Limited (“Falko”), the world’s largest asset manager and aircraft lessor focused solely on the regional aircraft sector, is pleased to announce the acquisition of four (4) CRJ900 aircraft on lease to Air Canada. The aircraft have been acquired by Falko from global alternative investment manager Castlelake on behalf of Falko’s managed fund, Falko Regional Aircraft Opportunities Fund II (“Fund II”).
Mark Hughes, Falko’s Chief Commercial Officer commented, “We are delighted to have completed the acquisition of four CRJ900 aircraft on lease to Canadian flag carrier, Air Canada from Castlelake.”
Mark Hughes continues, “The acquisition adds another four CRJ900 aircraft to Falko’s fleet as well as enhancing Falko’s North American presence. Both the US and Canada are core markets for regional aircraft with the CRJ900 aircraft type being the regional jet of choice for many North American operators due to its scope clause compliance. The four aircraft have been acquired by Fund II, Falko’s second regional aircraft fund which is now invested in 79 aircraft since inception. Air Canada is an existing Falko customer but a new customer for Fund II, enhancing the Fund’s diversification with a highly rated carrier operating in a good jurisdiction.”
Falko is the world’s largest asset manager and aircraft lessor focused solely on the regional aircraft leasing segment. Falko is one of the longest standing and largest managers of regional aircraft globally. Falko’s strategy is focused on growing its portfolio of funds and aircraft under management and the continued development of products and services in support of its aircraft lease management activity.
Falko was formed in July 2011 through the purchase of BAE Systems Asset Management and its associated aircraft portfolio. In May 2022, Chorus Aviation Inc. (TSX: CHR) completed the acquisition of Falko and equity interests in aircraft managed by Falko. Headquartered in Halifax, Nova Scotia, Chorus is an integrated provider of regional aviation solutions, including asset management services.
Falko Regional Aircraft Limited
Phone +44 (0) 1707 271777