Falko Outlines Q1 2023 Portfolio Activity
London, 11 May 2023. Falko Regional Aircraft Limited (Falko), the world’s largest asset manager and aircraft lessor focused solely on the regional aircraft sector has provided a summary of its Q1 2023 market activity.
Falko added four aircraft to its portfolio during the quarter and one aircraft was sold. Five aircraft were delivered on lease to customers during the quarter (including four acquired through sale and leaseback transactions) with lease extensions concluded on six aircraft. Purchase documentation was signed relating to the acquisition of four aircraft on lease to a North American carrier with completion expected in the second quarter. In addition, LOIs were signed in relation to the sale of one aircraft, the placement on lease of four aircraft and lease extensions relating to three aircraft.
Activity was focused on the regional jet sector with deals covering both the CRJ and EJet products. Lease demand was particularly strong from European carriers reflected in the number of lease extensions transacted in Q1 2023. In addition, four new Embraer E195-E2 aircraft were delivered on lease to Porter Airlines in Canada.
As at 31 March 2023, Falko’s portfolio totaled 263 aircraft on lease to 45 customers worldwide.
Commenting on the quarter’s activity, Mark Hughes Falko’s Chief Commercial Officer stated:
“We are delighted to be able to announce transactions relating to twenty-four aircraft in our portfolio during the quarter. I’d particularly like to highlight the addition of our first Embraer E195-E2 aircraft to our portfolio as part of a previously announced sale and leaseback transaction with Porter Airlines in Canada. We see the E2 as a key product in the regional/narrowbody crossover space that provides attractive operating economics for airlines. I’m also delighted to welcome Porter as a customer.”
Falko Regional Aircraft 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
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