Falko Outlines Q1 2020 Portfolio Activity
Falko Regional Aircraft Limited (Falko), a market leading aircraft operating leasing and asset management company focused on the regional aircraft sector has provided a summary of its Q1 2020 market activity. In Q1 2020, Falko acquired 10 regional aircraft, sold 1 aircraft and signed lease agreements or extensions relating to a further 4. As at 31 March 2020, Falko’s portfolio totaled 121 aircraft on lease to 21 customers worldwide.
Aircraft acquisitions focused on Embraer regional jets with 10 x Embraer E190s being added to Falko’s portfolio
Commenting on the first quarter’s activity, Mark Hughes Falko’s Chief Commercial officer stated that:
“We’ve continued to invest in our sector during Q1 2020 to develop and expand our portfolio with further acquisitions funded by the Falko Regional Aircraft Opportunities Fund II.
The quarter end was however overshadowed by Covid-19 which has had a material impact on global aviation with unprecedented reductions in air travel. We are working with all our customers to assist during this difficult period and are confident that regional air travel will be the first sector to get back to service as domestic networks re-open first.
Within Falko we have fully transitioned to a remote working operation with minimal disruption as you would expect from a business where many people are used to working away from the office on a regular basis.”
Falko is an aircraft operating leasing company focused on the regional aircraft sector. It is one of the longest standing and largest managers of regional aircraft globally, having acquired 140 aircraft with a total value of $2.0 billion since its expansion into all regional aircraft types in 2013. 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 when funds managed by Fortress Investment Group completed the purchase of BAE Systems Asset Management and its associated aircraft portfolio.
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Falko Regional Aircraft Limited
Phone +44 (0) 1707 271777