Falko Regional Aircraft Limited, the asset manager and aircraft lessor exclusively dedicated to the regional aircraft sector, has announced the procurement of four CRJ900 aircraft that are currently on lease to Air Canada. These aircraft have been acquired by Falko from the global alternative investment manager Castlelake, acting on behalf of Falko’s managed fund, Falko Regional Aircraft Opportunities Fund II (Fund II).
Mark Hughes, Falko’s Chief Commercial Officer, expressed his satisfaction, saying, “We are pleased to have successfully acquired four CRJ900 aircraft currently under lease to Air Canada, the Canadian flag carrier, from Castlelake.”
He went on to highlight the significance of this acquisition, stating, “This addition of four CRJ900 aircraft not only expands Falko’s aircraft fleet but also strengthens our presence in North America. Both the United States and Canada are pivotal markets for regional aircraft, with the CRJ900 being the preferred choice for many North American operators due to its compliance with scope clauses. These four aircraft have been acquired by Fund II, Falko’s second regional aircraft fund, which has now invested in a total of 79 aircraft since its inception. While Air Canada is an existing Falko customer, this partnership marks a new relationship for Fund II, further diversifying the Fund’s portfolio with the addition of a highly regarded carrier operating in a favourable jurisdiction.”