Posted on: 17 August 2015 by Mark Howells
Falko Regional Aircraft has added the first of five Embraer aircraft acquired from SMBC Aviation Capital to its portfolio.
The aircraft, which are a combination of ERJ 145s and E170s manufactured between 2001 and 2005, are currently on lease to a number of operators in Europe and the Middle East.
“We are delighted to expand our portfolio of Embraer manufactured aircraft through this acquisition of a small portfolio from SMBC Aviation Capital. This further expands and diversifies our portfolio through the addition of a new product type in the ERJ 145 as well as growing our E-Jet portfolio to six aircraft,” commented Mark Hughes, Falko’s executive vice-president of corporate finance. “The deal also adds three new lessees to our customer base and expands this into the Middle East region. This transaction again illustrates the continuing development and growth of Falko as a key player in the regional aircraft market.”
Peter Barrett, CEO of SMBC Aviation Capital, added, “We are pleased to be expanding our list of investor clients through this transaction with Falko. Selling aircraft has always been a key part of SMBC Aviation Capital’s strategy, and over the years we have sold more than 265 commercial aircraft valued at over $8.3 billion.”
The purchase of all five Embraer aircraft is expected to be completed by the end of August.