Falko Outlines Q2 2023 Portfolio Activity
London, 7 August 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 Q2 2023 market activity.
During the quarter Falko added a further Embraer E195-E2 to the portfolio having taken delivery of its fifth E195-E2 aircraft. This was the final delivery in a previously announced five aircraft sale and leaseback transaction with Porter Airlines. Leases relating to six aircraft, a combination of regional jets and turboprops, were also extended during the quarter. Purchase documentation was signed in relation to the acquisition of four aircraft on lease to an African carrier with completion expected in the third quarter. In addition, Falko has signed Letters of Intent in relation to the sale of one aircraft and the placement of eight aircraft for lease with customers in Europe and Africa. In total, Falko’s second quarter activity related to 20 separate aircraft transactions with nine different airline customers operating in Australia, Asia, Africa, Europe as well as both North and South America.
Activity was focused primarily on the regional jet sector in particular Embraer EJet aircraft with the final delivery of the E195-E2 to Porter Airlines as well as the aircraft placements and lease extensions involving E170, E175 and E190 types.
As at 30 June 2023, Falko’s portfolio totaled 264 aircraft on lease to 44 customers worldwide.
“We are delighted to be able to announce transactions relating to twenty aircraft in our portfolio during the quarter”. Mark Hughes, Falko’s Chief Commercial Officer, commented on the quarter’s activity. “With supply side constraints continuing to impact OEM production rates, we are seeing an uptick in demand from airlines for lease extensions and new leases as reflected in the number of concluded lease extensions and LOIs agreed with airlines, as they manage capacity to keep up with passenger demand. It’s particularly pleasing to see transactions with airlines from all major geographic markets during the last three months.”
About Falko
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.
For further information about Falko, visit www.falko.com or follow us on Twitter: Falko_RA
Contact
Falko Regional Aircraft Limited
Phone +44 (0) 1707 271777