Falko Acquires Two E170 Aircraft from Azorra
London, 11 November 2024
Falko is pleased to announce the acquisition of two Embraer E170 aircraft from Azorra, a U.S.-based commercial aircraft lessor with a portfolio of regional, crossover and widebody aircraft. The aircraft are on lease to American Airlines and subleased to Envoy Air, a wholly owned subsidiary of American Airlines Group. The aircraft have been acquired for Falko’s managed fund, Falko Regional Aircraft Opportunities Fund II (Fund II), which already leases three CRJ700 aircraft to American Airlines.
“We are delighted to announce this transaction with Azorra. We would like to thank the Azorra team for their collaboration on the deal and look forward to working with them on further opportunities,” comments Mark Hughes, Falko’s Chief Commercial Officer. “As well as increasing Fund II’s exposure to a major US airline, the transaction increases the number of E170s to eight in Fund II’s portfolio and to sixteen across Falko’s whole portfolio. Demand for the E170 aircraft type remains strong, particularly in the North American region with the aircraft type being scope compliant and well suited to providing connectivity to secondary airports and on feeder routes to major hubs in the U.S.”
About Falko
Falko is the world’s largest asset manager and aircraft lessor focused solely on the 70 – 130 seat aircraft segment. Falko is one of the longest standing managers of aircraft of this size 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