Porter Aircraft Leasing and Avolon have entered into a sale and leaseback agreement covering four Pratt & Whitney engines powering Embraer E195-E2 aircraft.
Two major lessors posted strong profits on the back of strong demand for aircraft in recent months driven, at least in part, by production and delivery delays.
While lessors have done well with lease rates surging, disrupted supply chains and other issues make normal business, let alone growth, complicated to manage.
Avolon will buy the aircraft leasing unit of alternative investment manager Castlelake for an undisclosed sum in a deal that will add 118 jets to its fleet.
The partnership is aimed at exploring the financing and commercialization of hydrogen-powered aircraft as part of Airbus’ ZEROe concept aircraft project.
The largest aircraft lessors could receive more than $2B by 2025 as insurance settlements from lost business and assets in Russia pay out faster than expected.
For the leasing and air finance industry, the Boeing crisis seems to have sunk in to a degree as part of normal life in aerospace and for its customers.
Avolon has placed further large orders for both the Boeing 737-8 and the Airbus A321neo in deals that indicate where the lessor thinks the market will trend.
Dómhnal Slattery has a new job as chairman of a startup looking to commercialize a centrifuge-based mass accelerator for space access called SpinLaunch.
Emirates plans to reveal further orders taking fleet plans into the 2030s, but new players like Riyadh Air and a revived Indian aviation sector are emerging.
