Falko adds 11 CRJ900 aircraft
Falko adds eleven (11) CRJ900 aircraft to its portfolio in a sale and leaseback transaction with Delta Air Lines Inc.
London, June 29, 2020 – Falko Regional Aircraft Limited (Falko), a market leading aircraft operating leasing and asset management company focused on the regional aircraft sector, today announced that it will add eleven (11) Bombardier CRJ900 aircraft to its portfolio. The aircraft are being acquired in a sale and leaseback transaction with Delta Air lines Inc. (Delta) and will continue to be operated as part of the Delta Connection regional network in the United States.
"We are delighted to have completed this deal which marks a significant expansion in our managed regional aircraft portfolio to 130 aircraft." said Mark Hughes, Chief Commercial Officer, Falko Regional Aircraft Limited. "In particular, we are very pleased to have concluded this transaction with Delta, one of the world's leading airlines which has continued to demonstrate its strong financial position despite significant market disruption due to COVID-19 in recent months. The speed with which this deal has progressed is a testament to the strong working relationship that Falko has with Delta. In the last year, Delta has become one of Falko's most important customers with twenty-five (25) aircraft on long term lease"
"This is another meaningful development for Falko as a leading regional aircraft lessor as it not only substantially increases our regional jet portfolio but also represents a further expansion in North America, the world's largest regional aircraft market. We now have 37 aircraft on lease in this region. The transaction has been funded with equity from the Falko Regional Aircraft Opportunities Fund II, a $650m fund closed in 2019 dedicated to investments in the regional aircraft sector. The Fund has now invested in 40 Bombardier and Embraer regional aircraft."
About Falko
Falko is a specialist aircraft operating leasing, asset management and aircraft services company focused on the regional aircraft sector. It is currently one of the world's largest managers of regional jets and turboprops by aircraft numbers. Falko has a clear growth strategy dedicated to expanding the business and growing its portfolio of aircraft, engines and associated services within the regional aircraft market. Headquartered in the UK and with offices in Singapore and Dublin, Falko is well positioned to deliver a range of solutions across the globe.
For further information visit www.falko.com or follow us on Twitter: Falko_RA
Falko Regional Aircraft Limited
mark.hughes@falko.com
Phone +44 (0) 1707 271777