Falko Regional Aircraft Limited, the world’s largest asset manager and aircraft lessor in the regional aircraft sector, has provided a summary of its quarter two 2023 market activity.
During Q2 2023, Falko solidified its position in the market by introducing an additional Embraer E195-E2 to its portfolio. This acquisition marked the culmination of a significant five-aircraft sale and leaseback transaction with Porter Airlines.
Extending and Expanding Leases
Further fortifying its market presence, Falko successfully extended leases for six aircraft. These aircraft encompassed a diverse mix of regional jets and turboprops.
The second quarter also saw the signing of purchase documentation for four aircraft, which are currently leased to an African carrier. This strategic acquisition is projected to reach completion in the upcoming third quarter.
An Impressive Array of Transactions
The second quarter saw the company ink Letters of Intent for the sale of one aircraft and the placement of eight aircraft for lease with customers spanning Europe and Africa.
Falko’s Q2 2023 activity showed its global reach, encompassing 20 separate aircraft transactions. These transactions spanned nine distinct airline customers, operating in regions as diverse as Australia, Asia, Africa, Europe, North America, and South America.
Spotlight on Regional Jets
A notable facet of Falko’s Q2 undertakings was its emphasis on the regional jet sector, with specific attention directed towards Embraer EJet aircraft. The capstone of this focus was the successful delivery of the E195-E2 aircraft to Porter Airlines.
Additionally, the quarter witnessed strategic placements and lease extensions involving E170, E175, and E190 aircraft types.
A Strong Portfolio
As of June 30, 2023, Falko’s portfolio boasts an impressive tally of 264 aircraft, all under lease agreements with 44 customers spanning the globe.
This comprehensive portfolio perhaps serves as a testament to Falko’s ability to forge and maintain partnerships with a diverse array of aviation stakeholders.
Words from the Chief Commercial Officer
Mark Hughes, Falko’s Chief Commercial Officer, expressed his satisfaction with the quarter’s accomplishments. He emphasized how Falko’s proactive approach aligns with the evolving dynamics of the aviation sector. Hughes commented:
“With supply-side constraints continuing to impact OEM production rates, we are seeing an uptick in demand from airlines for lease extensions and new leases as reflected in the number of concluded lease extensions and LOIs agreed with airlines, as they manage capacity to keep up with passenger demand.”
“It’s particularly pleasing to see transactions with airlines from all major geographic markets during the last three months,” he concluded.
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