ACC Aviation has credited its “diversified position” for its strong results for the first quarter of 2023.
US charter activity during the first quarter grew by 100%, with a 50% year-on-year increase in charter revenues compared to the prior year period.
Consulting activity was also strong, says the company. ACC was engaged by Daallo Airlines to source two737-800s and two DHC8-300s for outright acquisition to help the airline to scale its operations.
ACC completed the transition and lease placement of one 737-800 to Safair on behalf of a leading African commercial lender.
An engine and component lessor engaged ACC to perform lease returns on 1,200 components and two GE90 engines. ACC Aviation was also able to expand its wing airworthiness mandate from two to five GE90 engines, including technical acceptance of all five engines.
An aircraft lessor engaged ACC to study the market size and economic potential for a reconfigured regional jet targeting the corporate shuttle market. An ACMI operator engaged ACC to perform several pre-lease inspections ahead of its fleet ramp-up plan for the European summer season.
A private investor engaged ACC to study the market potential of reopening the London Lagos route on widebody ACMI capacity. Another investor engaged ACC to analyse and model the economics of a DHC8-400 operating lease under consideration for the acquisition.
As passenger confidence grows, airlines mitigate capacity issues with additional aircraft, and airports address staff shortages, ACC says this is all driving continued demand for consulting services.
During the quarter the team also signed contracts for regional jets, narrowbody aircraft and widebody airliners, and “significantly increased” ACMI activity ahead of the IATA summer season.
“Despite tightening ACMI availability, the team continues to source several unique aircraft for airline clients on short and long term arrangements,” said the company.