Falko Acquires One ATR72-500 Aircraft on Lease to Blue Islands
London, 22 December 2023
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.
About Falko
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. Falko is a wholly-owned subsidiary of Chorus Aviation Inc. (TSX: CHR), an integrated provider of regional aviation solutions, including asset management services headquartered in Halifax, Nova Scotia.
For further information about Falko, visit www.falko.com or follow us on LinkedIn
About Aergo Capital
Aergo Capital is an aircraft leasing and asset management company founded in Dublin, Ireland in 1999. Over the last 24 years, Aergo has established itself as a leading global platform with over $5.3bn worth of aircraft owned & managed, operating in over 50 countries around the world. Aergo is one of the top 4 asset managers globally with over 300 years of collective experience in Aergo’s senior management team.
For more information about Aergo Capital, visit www.aergocapital.com or follow us on LinkedIn
About Blue Islands
A Channel Islands based, independent regional carrier. Founded in 1999, Blue Islands operates a fleet of ATR 72, providing year-round sustainable connectivity to and from the Channel Islands.
Blue Islands offers wider connectivity through its codeshare partners, Aurigny and Loganair. Together with its scheduled services, Blue Islands also operates series charters from across Europe for tour operator partners, ad-hoc European break destinations direct from the Channel Islands, as well as charters for sporting and corporate clients. www.blueislands.com
Contact
Falko Regional Aircraft Limited
Phone +44 (0) 1707 252025