Orix Aviation has continued its fleet expansion through the first quarter of 2013 using only equity. This included the purchase of a 2013 vintage A320-200 (MSN 5477) and its delivery to Avianca (Columbia). The A320-200 is the first Sharklet equipped A320 to be delivered to a Latin American carrier. This is the second aircraft ORIX Aviation has on lease to Avianca after the purchase and delivery to the airline of a 2012 vintage A320-200 (MSN 5360) in November 2012.
A 2000 vintage A320-200 (MSN 1196) was acquired in March 2013, this aircraft is currently on lease to US Airways.
ORIX Aviation also added four B737-800s to its fleet, three of which were purchased from Avolon. Two 2013 vintage aircraft (MSNs 31165 and 33228) were acquired in March and are on lease with American Airlines. Another B737-800 aircraft is currently on lease to Ryanair, a 2012 vintage (MSN 40287) while the fourth aircraft, a 2010 vintage (MSN 37092), is on lease with Westjet. This is the seventh aircraft ORIX Aviation has on lease with Westjet.
ORIX Aviation has had a similarly active start to the New Year in the sales market, with the sale of two B737-800s in January 2013. The aircraft were 2007 and 2012 vintage and were sold with leases attached.
In addition, during first quarter 2013 ORIX Aviation completed the sale of four early 1990s vintage B737 Classics, comprising two -500 series and two -300 series aircraft.