Falko Announces Acquisition of Four De Havilland Q400NG Aircraft on lease to Ethiopian Airlines
London, 20 November 2023
Falko Regional Aircraft Limited (Falko) announces the acquisition of four (4) Q400 NextGen aircraft on lease to Ethiopian flag carrier, Ethiopian Airlines (“Ethiopian”). The aircraft with MSNs 4469, 4472, 4475 and 4476, were purchased from Aergo Capital Limited (“Aergo”) on behalf of Falko’s managed fund, Falko Regional Aircraft Opportunities Fund II, (“Fund II”).
“We are delighted to announce the successful acquisition of the four Q400 aircraft with leases attached from Aergo. We would like to extend our thanks to the Aergo team for their continued collaboration throughout the transaction process and we look forward to working with them on future opportunities,” commented Mark Hughes, Chief Commercial Officer.
Mark Hughes added “This deal marks, the ninth Q400 on lease to Ethiopian under Falko management, and the first transaction with this carrier under Fund II. In total, since inception, Fund II has invested in seventy-nine aircraft. This broadens Falko’s existing relationship with the airline, widely recognised as one of Africa’s top performing carriers both in terms of management and financial performance having enjoyed great success from both its passenger and freighter businesses. With the Q400 suited to Ethiopian’s mission profile and operating environment, it is expected to be a long-term operator of this aircraft type.
Fred Browne, Chief Executive Officer of Aergo Capital, adds: “We are delighted to have worked with Falko on this deal. Their professionalism and dedicated approach made for a smooth and successful closing. We look forward to building further on our relationship with Falko in the future.”
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
Contact
Falko Regional Aircraft Limited
Phone +44 (0) 1707 252025
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