Aircraft lessor Falko Regional Aircraft Limited has recently revealed the acquisition of four Q400 NextGen aircraft leased to the Ethiopian flag carrier, Ethiopian Airlines.
Acquisition Details
Falko successfully acquired the Q400 aircraft, with MSNs 4469, 4472, 4475, and 4476, from Aergo Capital Limited on behalf of Falko’s managed fund, Falko Regional Aircraft Opportunities Fund II.
The leasing arrangement for the four aircraft was subsequently firmed with Ethiopian Airlines; adding to the carrier’s existing regional fleet.
Mark Hughes, Falko’s Chief Commercial Officer, spoke on the latest arrangement, stating, “We are delighted to announce the successful acquisition of the four Q400 aircraft with leases attached from Aergo.”
“We would like to extend our thanks to the Aergo team for their continued collaboration throughout the transaction process, and we look forward to working with them on future opportunities.”
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Ongoing Relationship with Ethiopian Airlines
This deal marks the ninth Q400 on lease to Ethiopian under Falko management, demonstrating the depth and strength of their existing relationship.
The first transaction with Ethiopian Airlines under Fund II opens new avenues for collaboration and investment.
Mark Hughes further elaborated on the significance of this deal, stating, “In total, since inception, Fund II has invested in seventy-nine aircraft.”
“This broadens Falko’s existing relationship with the airline, widely recognized as one of Africa’s top-performing carriers both in terms of management and financial performance.”
Q400 Suited to Ethiopian’s Operations
The Q400 aircraft’s compatibility with Ethiopian’s mission profile and operating environment makes it an ideal choice for long-term operations.
Falko anticipates that Ethiopian Airlines will continue to thrive with this aircraft type, given its well-suited features for the carrier’s unique needs.
Fred Browne, Chief Executive Officer of Aergo Capital, further expressed his satisfaction with the collaboration, stating, “We are delighted to have worked with Falko on this deal.”
“Their professionalism and dedicated approach made for a smooth and successful closing. We look forward to building further on our relationship with Falko in the future.”
About Ethiopian Airlines
Ethiopian Airlines is the flag carrier of Ethiopia and is wholly owned by the country’s government. Founded on 21 December 1945 and commencing operations on 8 April 1946, Ethiopian Airlines has grown to be one of the leading carriers in Africa.
It is a member of the Star Alliance, the world’s largest airline alliance, and serves a network of over 120 destinations across six continents.
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