Falko Outlines Q3 2023 Portfolio Activity
London, 14 November 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 Q3 2023 market activity.
Falko added seven aircraft to its portfolio during the quarter, a mixture of CRJ900 regional jets and Q400 turboprops on lease to flag carriers, Air Canada, and Ethiopian Airlines. The aircraft were acquired on behalf of Falko’s managed fund, Falko Regional Aircraft Opportunities Fund II (“Fund II”).
Five aircraft were also delivered on operating leases. These included the previously announced E170 aircraft delivered to UK carrier, Eastern Airways, three E190 aircraft delivered to South African carrier, Airlink and a further E190 delivered to a European carrier. In addition, lease extensions relating to one E190 and one ATR 72-600 were finalised. Falko also concluded the sale of one ATR 72-500.
Reflective of strong market activity, Letters of Intent relating to fifteen aircraft were signed during the period. These relate to the sale of three turboprop aircraft, placement on lease of three aircraft to two airlines and lease extensions relating to nine aircraft.
In total, Falko’s third quarter activity related to thirty separate aircraft transactions involving twelve customers located across various jurisdictions, highlighting demand across Falko’s global customer base. Activity was weighted slightly towards regional jets with half of the transactions involving Embraer aircraft.
As at 30 September 2023, Falko’s portfolio totaled 270 aircraft on lease to 42 customers.
Commenting on Falko’s portfolio activity, Mark Hughes, Falko’s Chief Commercial Officer stated:
“We are delighted to be able to announce transactions relating to thirty aircraft in our portfolio during the quarter which is indicative of strong demand for all regional aircraft types. We are pleased to have added a further seven aircraft for Fund II, but the clear strength in the market has come from lease extensions and the signing of new leases, as airlines continue to seek capacity. Our third quarter activity involved customers from various jurisdictions with a significant number of transactions involving customers from Europe, Africa and South America as well as from North America and Asia, demonstrating the current global demand for regional aircraft.”
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 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. Falko is a wholly-owned subsidiary of Chorus Aviation Inc. (TSX: CHR), an integrated provider of regional aviation solutions, including asset management services headquartered in Halifax, Nova Scotia.
For further information about Falko, visit www.falko.com or follow us on LinkedIn
Contact
Falko Regional Aircraft Limited
Phone +44 (0) 1707 271777