Falko Regional Aircraft Limited, an asset manager and aircraft lessor specializing in the regional aircraft sector, has acquired four CRJ900 aircraft which are to be leased to Air Canada.
The CRJ900 Aircraft
Falko Regional Aircraft Limited’s Chief Commercial Officer, Mark Hughes, spoke about this acquisition, stating, “We are delighted to have completed the acquisition of four CRJ900 aircraft on lease to Canadian flag carrier, Air Canada from Castlelake.”
This move not only underlines Falko’s presence in the regional aircraft industry but also reinforces its commitment to the North American market.
The CRJ900 aircraft is a significant mainstay in the North American aviation industry, and its popularity among regional operators is driven by its compliance with scope clauses.
These clauses, integral to airline agreements, dictate the types of aircraft that can be used for various routes and services.
The CRJ900’s adherence to these clauses makes it the regional jet of choice for many North American operators.
With this acquisition, Falko Regional Aircraft Limited is poised to enhance its deployed fleet with the addition of four CRJ900 aircraft.
Mark Hughes further emphasized, “The acquisition adds another four CRJ900 aircraft to Falko’s fleet as well as enhancing Falko’s North American presence.”
Fund II’s Success and Diversification
The four CRJ900 aircraft were acquired by Falko Regional Aircraft Opportunities Fund II (“Fund II”). Fund II has made remarkable strides since its inception, now boasting investments in 79 aircraft. This underscores Falko’s acumen in managing assets and investments in the regional aircraft sector.
Falko was formed in July 2011 through the purchase of BAE Systems Asset Management and its associated aircraft portfolio.
In May 2022, Chorus Aviation Inc. (TSX: CHR) completed the acquisition of Falko and equity interests in aircraft managed by Falko. Headquartered in Halifax, Nova Scotia, Chorus is an integrated provider of regional aviation solutions, including asset management services.
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