Falko Outlines Q3 2024 Portfolio Activity
London, 12 November 2024
Falko, the world’s largest asset manager and aircraft lessor focused on the 70 – 130 seat aircraft segment, has provided a summary of its Q3 2024 portfolio activity.
On the trading side, Falko added thirteen aircraft to its portfolio during the quarter comprising eleven E-Jet aircraft on lease to LOT acquired from Nordic Aviation Capital and two E170 aircraft on lease to American Airlines from Azorra. All aircraft were acquired on behalf of Falko’s managed fund, Falko Regional Aircraft Opportunities Fund II (Fund II). On the sell side, Falko concluded the sale of seven turboprop aircraft and one CF34 engine to four different trading partners. In addition, Letters of Intent (LOI) were signed relating to the sale of one CRJ jet and one ATR turboprop.
In relation to its leasing activity, Falko completed the delivery on lease of two E175 aircraft to Airlink, part of a four aircraft deal, and one E190 aircraft to a French regional airline. Lease extensions involving fourteen aircraft were also concluded with five of Falko’s customers. This included three E190s, seven ATR72s and four Q400s with operators across Asia, Africa, and the Americas.
In total, Falko completed transactions relating to forty aircraft and one engine during the quarter. As of 30 September 2024, Falko’s portfolio totaled 266 aircraft on lease to 38 customers worldwide.
Commenting on Falko’s activity, Mark Hughes, Falko’s Chief Commercial Officer stated, “We saw strong trading activity during the third quarter, on both the purchase and sale side, concluding trades relating to twenty aircraft and one engine to airlines, lessors, and parts companies. We also continue to experience strong demand from airlines for capacity, closing both new leases and lease extensions relating to seventeen aircraft with seven different customers from across Europe, North and South America, Africa, and Asia. Activity involved a mixture of aircraft types including Dash 8s, ATRs and E-Jets.”
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