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Falko Outlines Q1 2024 Portfolio Activity
London, 9 May 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 Q1 2024 portfolio activity.
During the quarter, Falko was involved in transactions relating to fifty aircraft and two engines. Falko signed a purchase agreement with Nordic Aviation Capital (NAC) in relation to the acquisition of a twenty-four aircraft portfolio. The aircraft will be acquired by Falko managed fund, Falko Regional Aircraft Opportunities Fund II (Fund II) and comprises twenty E190/195 aircraft and four E170/175 aircraft. On the trading side, Falko sold seven aircraft and two engines including two A220s on lease to Air Baltic, to Macquarie AirFinance. Documentation relating to the sale of one turboprop was also signed, completing in Q2 2024. The leases relating to thirteen aircraft were extended, a combination of regional jets and turboprops, and leases for two E175s were signed with an African carrier. Letters of Intent were also signed in relation to the sale of two aircraft and the placement of one aircraft on lease to a European regional carrier.
As at 31 March 2024, Falko’s portfolio totalled 262 aircraft on lease to 38 customers worldwide.
Commenting on the Q1 2024 activity, Mark Hughes Falko’s Chief Commercial officer stated: “We are pleased to announce a significant level of activity in the first quarter reflected by transactions relating to fifty aircraft. Of particular note, is the twenty-four aircraft acquisition from NAC which will enhance Falko’s position as one of the leading lessors of Embraer E-Jet aircraft globally. We continue to see considerable demand from our customers for this asset type as demonstrated by nine of the thirteen extensions in the quarter relating to E190/195s.”
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 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. 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