Avolon has contracted to sell a portfolio of 49 regional jet aircraft to Falko. The aircraft are currently on lease to nine airlines around the world and the transaction is expected to close in early 2019. The portfolio includes twenty-eight Embraer E-Jets and twenty-one Bombardier CRJ aircraft with an appraised current market value in excess of $1 billion.
“We are delighted to extend our already close and long-standing business relationship with Falko, who have clearly demonstrated their ability to transact in scale,” says John Higgins, Avolon President and Chief Commercial Officer. “The business the Falko team team have built over several years is truly impressive.”
Mark Hughes, Chief Commercial Officer, Falko Regional Aircraft Limited, commented; “We are delighted to have finalised another deal with Avolon. This acquisition is a major step forward in the development of Falko and will expand our portfolio to over 120 regional jets and turboprops. Falko is now one of the world’s foremost aircraft operating lease companies focused on the regional aircraft sector and we believe this deal is reflective of our market leading position.”