Aircraft Engine Lease Finance (AELF) has acquired two 2015 vintage 737-800 aircraft from ICBC Aviation Leasing (ICBC) on lease to Aerolineas Argentinas.
“With a focus on mid-life aircraft, AELF's business model is very complementary to that of ICBC and other Chinese counterparties seeking to trade or phase out aircraft,” said AELF vice president of commercial Stephen Haire.
“We look forward to additional opportunities with ICBC and expanding our business in the region.”
These are AELF's first aircraft on lease to Aerolineas Argentinas. The company said it is “actively expanding its relationships with capital providers” as it grows its fleet of assets on lease to global airlines.