Falko outlines Q1 2024 portfolio activity

Falko Regional Aircraft Limited (Falko), a large asset manager and aircraft lessor focused solely on the regional aircraft sector, has provided a summary of its first quarter 2024 (Q1 2024) portfolio activity.

Throughout the quarter, Falko engaged in transactions concerning 50 aircraft and two engines. Notably, Falko entered into a purchase agreement with Nordic Aviation Capital (NAC) for the acquisition of a portfolio comprising 24 aircraft. These aircraft, consisting of 20 E190/195s and four E170/175s, will be acquired by the Falko-managed fund, Falko Regional Aircraft Opportunities Fund II (Fund II). Concurrently, Falko concluded the sale of seven aircraft and two engines, including two A220s leased to Air Baltic, to Macquarie AirFinance. Documentation was also finalised for the sale of one turboprop, to be completed in Q2 2024. Additionally, Falko extended leases for 13 aircraft, a mix of regional jets and turboprops and secured leases for two E175s with an African carrier. Letters of intent were also inked for the sale of two aircraft and the lease placement of one aircraft with a European regional carrier.

As of March 31, 2024, Falko’s portfolio comprised 262 aircraft leased to 38 customers worldwide.

Mark Hughes, Falko’s Chief Commercial Officer, commented on the Q1 2024 activity: “We are pleased to announce a significant level of activity in the first quarter reflected by transactions relating to 50 aircraft. Of particular note, is the 24-aircraft acquisition from NAC which will enhance Falko’s position as one of the leading lessors of Embraer E-Jet aircraft globally. We continue to see considerable demand from our customers for this asset type as demonstrated by nine of the thirteen extensions in the quarter relating to E190/195s.”