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Falko Regional Aircraft Limited, a leading aircraft operating leasing and asset management company focused on the regional aircraft sector, has announced that it reached an agreement with Avolon in relation to the acquisition of 49 regional jet aircraft (the Portfolio).
The Portfolio includes 28 Embraer EJet and 21 Bombardier CRJ aircraft on lease to nine operators worldwide. The Portfolio has an appraised current market value in excess of $1 billion.
“We are delighted to have finalized another deal with Avolon,” said Mark Hughes, chief commercial officer, Falko Regional Aircraft Limited. “This acquisition is a major step forward in the development of Falko and will expand our portfolio to over 120 regional jets and turboprops. Falko is now one of the world’s foremost aircraft operating lease companies focused on the regional aircraft sector, and we believe this deal is reflective of our market-leading position.”
John Higgins, president and chief commercial officer, Avolon, commented; “We are delighted to extend our already close and long standing relationship with Falko, who have clearly demonstrated their ability to transact in scale. The business the Falko team has built over several years is truly impressive.”