31/05/2023

Aircraft buyers list June 23: Which aircraft are lessors targeting?

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Aircraft buyers list June 23: Which aircraft are lessors targeting?

This is the 4th edition of Ishka’s aircraft buyers list, where Ishka summarises a list of potential and active buyers of leased aircraft on the secondary market. Ishka recorded six new aircraft trades and added seven new firms to the list since the last update on 8th May 2023.

Ishka added Altavair, Aviation Capital Group, Azorra, Griffin Global Asset Management, Macquarie AirFinance, Merx Aviation, and Stratos to the list as active potential buyers of aircraft in the secondary market.

Recently included trades comprise:

- Aviation Capital Group (ACG) closed an acquisition for five Airbus A320neos May.

- Dubai Aerospace Enterprise (DAE) acquired two owned and three managed aircraft in Q1.

- FTAI Aviation completed a five narrowbody purchase in Q1.

- Merx Aviation acquired Airbus A320neos and a Boeing 737-800 from ALC, and A320s, 737-800s, and 737 MAX 9s from SMBC Aviation Capital in Q1.

- Stratos acquired Magi Aviation Capital and its one Airbus A380 and three Boeing 777s in March.

- Griffin Global Asset Management purchased two Aeromexico-leased Boeing 737 MAX 8s in March.

 

Click here to download the tables

 

 

 

Note: Voyager Aviation Holdings has been removed from the list as Ishka understands it is currently undergoing an M&A process.

 

Buyer’s spotlight: Stratos

 

Following the asset manager’s recent acquisition of Magi Aviation Capital, Stratos CEO Gary Fitzgerald tells Ishka of the firm’s fleet plans for 2023. Stratos is targeting a variety of aircraft, ranging from new-technology to 12-year-old assets. The firm’s targeted aircraft types include Airbus A320ceo and A320neo family, Boeing 737NGs and MAXs, Airbus A350s, Boeing 787s, and selectively Airbus A330s and Boeing 777s.

Stratos has agreed terms to acquire at least three aircraft delivering later this year, comprising A320 family and 787 aircraft types to date. The asset manager is also in the process of selling three widebody aircraft and leasing out 10 aircraft, comprised of both narrowbodies and widebodies.

 

Latest market moves

 

Ishka has tracked multiple staff moves since 8th May 2023, with seven new hires amongst lessors (excluding promotions and intra-company moves), as well as several other hires from airlines, OEMs, and law firms. Some notable moves include:

 

Leasing firms

Aircraft Leasing & Management (ALM) appointed Clara Lam as legal associate.

Aviation Capital Group (ACG) appointed Armando Belchior Nunes as vice president of marketing, Latin America.

Azorra appointed Oscar Miorner as senior vice president – trading & sustainability.

High Ridge Aviation appointed Felix Siu as SVP sales & marketing – Asia.

SMBC Aviation Capital appointed Noriyuki Hiruta as chairman of the board.

Vmo Aircraft Leasing appointed Dawne S. Hickton as an independent member of the board of directors.

World Star Aviation appointed Fabian Horsch as VP engine leasing & trading.

 

Airlines

Air Montenegro appointed Mark Anzur as executive director.

IAG Cargo appointed Jenny Critchley as chief transformation officer.

Mesa Airlines appointed Lorraine Dimarco as vice president of maintenance.

 

Others

ACC Aviation appointed Hassan Chamas as head of charter – Middle East.

CFM International appointed Jerome Morhet as executive vice president.

Deutsche Aircraft appointed Hendrik Brand as CFO.

HFW appointed Peter Coles as senior partner.

 

Note: This list does not include all market moves in the aviation finance industry since the last update and is only a select group of notable appointments. Promotions and intra-company moves have been excluded.

 

Why is my firm not on this list?

 

The Ishka secondary market aircraft buyers list is designed to be a helpful resource for sellers and potential buyers of leased and naked aircraft.

Ishka notes several other lessors have either completed private secondary market transactions or are bidding on and interested in aircraft trading.

Ishka is in the process of adding more firms to the list and will be updating it regularly. If you want to be included in this list, please email Dickon Harris at dickon@ishkaglobal.com and Joseph El-Helou at joseph@ishkaglobal.com, and we will look to include you in the next update.

 

How was the list compiled?

 

The list highlights some lessors and assets managers that have publicly announced secondary market transactions since 2022 or have raised a fund or financing facility since 2021 and are potential buyers. This is not a comprehensive list.

These are publicly announced aircraft acquisitions, and do not comprise all lessors’ trades. There are likely multiple private deals that have been completed but not publicly announced and are excluded from the table.

 

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