SKY Leasing reports that it closed 57 transactions across sale and leasebacks, acquisitions,
and lease placements for the full year 2023. The leasing company said that it “continues to find attractive investment opportunities” and had increased the closed and committed fleet to 87 aircraft, which is 77% next generation equipment with a weighted average age of 4.5 years and an average remaining lease term of 8.3 years.
The transactions were originated with nine airlines across all major regions, which SKY stated were all in line with its strategy of building a fleet of new and next-generation aircraft on long-term lease with leading global airlines.
“2023 was a record year for SKY thanks to the long-term repeat relationships we have built with our airline customer base,” said Austin Wiley Chief Executive Officer, Co-Chief Investment Officer of
SKY Leasing. “Our disciplined investment approach along with our strong and diversified capital structure allowed us to adapt to our customers’ needs and provide tailored fleet solutions.
In 2023, SKY expanded its debt facilities and lender base by $2 billion, through the execution of new secured debt facilities and the upsizing of existing facilities. “We are thrilled with the tremendous support from our existing and new banking partners,” said Matthew Crawford, Co-Chief
Investment Officer of SKY Leasing. “Our ability to originate and structure high quality portfolios has been critical to our success.”