Asset manager and aircraft lessor Falko added 13 aircraft to its portfolio during the third quarter of the year. Within its portfolio aircraft comprised of 11 E-Jet’s on lease to LOT – acquired by Nordic Aviation Capital – along with two E170 aircraft on lease to American Airlines from Azorra.
Elsewhere, Falko concluded the sale of seven turboprop aircraft and one CF34 engine to four different trading partners, along with letters of Intent (LOI) being 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, as part of a four aircraft deal, along with 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.
Commenting on Falko’s activity, Mark Hughes, Falko’s chief commercial officer commented: “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.”
He added: “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.”
In total, Falko completed transactions relating to forty aircraft and one engine during the three-month period, and as of September 30, 2024, Falko’s portfolio totalled 266 aircraft on lease to 38 customers worldwide.