13 Jan 2022

2021 aircraft sale and leasing transactions highlights

Deucalion Aviation ended its first six months of operations on a high having concluded a significant number of aircraft sale and leasing transactions, demonstrating the strategic effectiveness of its new platform despite the challenging trading environment.

In the widebody space, which has borne the brunt of the impact of the pandemic, Deucalion has been successful in securing on behalf of a third party lending syndicate, the sale and delivery of two Airbus A330-300 aircraft to an undisclosed customer.  One Boeing B777-300ER aircraft has, on behalf of a South Korean based third party customer, also been successfully remarketed, sold and delivered by Deucalion with a second Boeing B777-300ER aircraft expected to be delivered shortly. A further two managed Airbus A330-200 aircraft were also delivered on long term leases to Italia Trasporto Aereo (ITA). The high level of activity in this segment is a testament to the team’s ability to successfully identify and execute transactions, even against the headwinds of a global pandemic.

A combined total of 22 narrowbody aircraft transactions were concluded in 2021 for new leases and lease extensions, across the managed fleet that includes four ABS serviced portfolios. Deucalion Aviation is also delighted to welcome a number of new lessees to its managed and growing portfolio including Lumiwings (Greece), Condor (Germany), FitsAir (Sri Lanka), Italia Trasporto Aereo (Italy), Amelia by Regourd Aviation. (France)

Jon Skirrow Co-CEO & chief Operating Officer, commented:

We believe there are opportunities throughout the aviation cycle. While the outlook for certain segments of the market remains challenging as travel restrictions and hesitancy continues, our  team, through its extensive relationships network, has continued to originate and deliver transactions during the year.

Looking ahead, Deucalion’s transactions pipeline remains strong and anticipates a number of transactions to close during the first half of 2022.

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