Falko Regional Aircraft Limited has made the successful acquisition of one ATR72-500 aircraft, further strengthening its partnership with regional carrier Blue Islands.
The aircraft, bearing MSN 884, was obtained through a strategic transaction with Aergo Capital Limited, marking Falko’s second closing in H2 2023.
Mark Hughes, Falko’s Chief Commercial Officer, expressed his satisfaction in completing the acquisition with Aergo, emphasizing its significance as the second successful closing in the latter part of 2023.
He noted, “The deal establishes Falko’s trading partnership with the lessor, which is our second closing in H2 2023 following the previously announced acquisition of four Q400NG aircraft from Aergo.”
The latest acquisition is part of Falko’s managed fund, Falko Regional Aircraft Opportunities Fund II, which has made substantial investments in 2023.
The fund has acquired fourteen aircraft, including turboprops and regional jets leased to four operators, showcasing Falko’s commitment to strategic growth in the aviation sector.
Karl Trowbridge, Head of Asset Management at Aergo, shared his enthusiasm, stating, “We are thrilled to see the successful conclusion of this ATR72-500 sale.
This deal marks the last of five recent transactions with Falko. We would like to thank them for their diligence and commitment throughout and look forward to working with them again in the future.”
Expanding the Blue Islands Fleet
Mark Hughes highlighted the positive impact on Blue Islands, noting, “We are pleased to increase the number of aircraft on lease to Blue Islands which has established itself as the leading carrier in the Channel Islands.”
Blue Islands, operating an exclusive ATR fleet, benefits from the ATR aircraft type’s high frequency connectivity and recognition as one of the most fuel-efficient aircraft types.
Rob Veron, Chief Executive Officer of Blue Islands, expressed his satisfaction, saying, “This acquisition further broadens our relationship with Falko.”
“Its leading position in the regional aircraft sector aligns perfectly with Blue Islands as the provider of connectivity to the Channel Islands with over 9,000 flights per year on our all-ATR fleet.”
Blue Islands is a regional airline based in the Channel Islands. It operates scheduled services from and within the Channel Islands to the United Kingdom and Europe.
The airline was founded in 1999 and is headquartered in Guernsey. The carrier is known for its high frequency of flights and has won a number of awards for its service, including the Best Regional Airline award at the World Airline Awards in 2017 and 2018.
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