Falko Outlines Q2 2024 Portfolio Activity
London, 15 August 2024
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 Q2 2024 portfolio activity.
Falko added two aircraft to its managed portfolio through the acquisition of two E190 aircraft on lease to Airlink from Nordic Aviation Capital (NAC), part of a previously announced twenty-four E-Jet portfolio deal with the lessor. In addition, a Letter of Intent (LOI) was signed for the purchase of two E170 aircraft with leases attached. On the trading side, Falko sold four ATR aircraft and two CF34 engines. LOIs were also signed in relation to the sale of seven turboprop aircraft comprising five ATRs and two Q400s. In addition, Falko delivered three aircraft on lease, all to European operators, and extended the leases relating to a further four aircraft and one engine. In total, Falko was involved in transactions relating to twenty-two aircraft and three engines with deal activity weighted towards turboprop aircraft types.
As at 30 June 2024, Falko’s portfolio totalled 260 aircraft on lease to 38 customers worldwide.
Commenting on Falko’s second quarter activity, Mark Hughes, Falko’s Chief Commercial Officer stated, “Portfolio activity remained robust during the second quarter, completing transactions involving twenty-two aircraft and three engines. This included the acquisition of the first two of twenty-four aircraft from NAC.” Mark continued, “Supply-side constraints continue to impact the aviation industry to the benefit of our business as demand from airlines seeking additional leasing capacity remained heighted. This is demonstrated through our leasing activity numbers, closing five lease extensions involving four aircraft and one engine, as well as the placement of three aircraft on lease. Similarly, there is continuing demand from part-out companies looking for suitable aircraft and engines for teardown. This trend was evident in our trading activity, with several aircraft and engine sales involving parts companies.”
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 managers of regional aircraft globally. Falko’s strategy is focused on growing its portfolio of aircraft under management and the continued development of products and services in support of its aircraft lease management activity.
Falko is a wholly-owned subsidiary of Chorus Aviation Inc., a company listed on the Toronto Stock Exchange (Symbol: CHR) and headquartered in Halifax, Nova Scotia, Canada. For further information about Falko, visit www.falko.com or follow us on LinkedIn.
Contact
Falko Regional Aircraft Limited
Phone +44 (0) 1707 252025