Menzies Aviation’s Post

As we move through this fourth week of August, the aviation finance and aircraft leasing industry continues to see significant shifts and noteworthy trends. Here’s a roundup of the key highlights: 1️⃣ Azorra’s New Leadership: US lessor Azorra has appointed John Levins as Vice President and Financial Controller. Levins, with extensive experience from AerCap and KPMG US/KPMG Ireland, brings robust financial acumen that will be instrumental in guiding Azorra’s growth as it continues to expand its portfolio. 2️⃣ Challenge Group’s Green Initiative: Challenge Group is doubling down on sustainability by expanding into recycled spare parts, responding to the growing demand for more sustainable aviation practices. Their focus on recycled materials from cargo conversions is a strategic move in a market estimated to be worth $2.2 billion globally. 3️⃣ Boeing’s Production Update: Boeing delivered 43 aircraft in July, marking a promising start to Q3 despite earlier challenges. With the reactivation of the third production line in Renton, Boeing aims to meet its ambitious target of 38 aircraft per month by year-end. 4️⃣ Skymark’s Operational Resilience: Skymark, Japan’s third-largest airline, reported strong operational recovery in FY 2024. Despite economic and geopolitical uncertainties, they saw an 8% increase in passenger numbers compared to pre-pandemic levels, underpinned by robust domestic travel demand. 5️⃣ Fitch Upgrades Deucalion ABS Ratings: Fitch Ratings has upgraded the ratings of Deucalion Aviation Limited's Lunar 2020-1 securitization, reflecting strong demand and increased lease rates for aircraft, particularly Airbus A320s and Boeing 737-800s. This is a positive sign for the ABS market, driven by improving aircraft values. These stories reflect the resilience and innovation driving our industry forward. At Zeevo Group, we’re closely monitoring these trends to ensure we continue to provide top-tier advisory services in this evolving landscape. #AviationFinance #AircraftLeasing

As we close out another week in the aviation finance and leasing world, today's news brings a blend of robust financial performances, strategic transactions, and industry reflections that are worth noting: 1️⃣ BOC Aviation’s Strong H1 Performance: BOC Aviation posted a net profit after tax of $460 million for the first half of the year, a 76% increase year-on-year. This impressive growth was driven by gains from higher interest income on finance leases and aircraft sales despite ongoing challenges with OEM delivery delays. 2️⃣ Chorus Aviation Inc.’s Strategic Sale: Chorus Aviation's sale of Falko to HPS Investment Partners highlights a trend of private equity focusing on regional market yields. The deal underscores the ongoing consolidation in the regional aircraft leasing space, driven by a need for more specialized management and the evolving dynamics of the market. 3️⃣ Macquarie AirFinance Expands: Macquarie Airfinance successfully delivered the first of three A320neo aircraft on long-term lease to avianca, marking a milestone as the lessor continues to transition to newer technology aircraft. This move strengthens its footprint in Latin America and demonstrates the ongoing shift towards more fuel-efficient fleets. 4️⃣ United Airlines’ Confidence in Boeing: United Airlines CEO Scott Kirby expressed renewed confidence in Boeing after meeting with the new president and CEO, Kelly Ortberg. Kirby highlighted Ortberg's commitment to cultural change and frontline engagement, which bodes well for Boeing’s recovery and future prospects. These developments remind us that while the aviation sector is navigating through some turbulence, there’s a strong undercurrent of strategic moves and financial resilience. At Zeevo Group, we're keeping a close eye on these trends and supporting our clients in seizing the opportunities they present. #AviationFinance #AircraftLeasing #ZeevoPowered

The 3️⃣ key pillars of SAS' post-Chapter 11 business plan SAS - Scandinavian Airlines exited US Chapter 11 bankruptcy proceedings in August and restructured debt of over $2 billion. In this interview, Anko van der Werff, President & CEO at SAS spoke about: ✈️ The airline's post-Chapter 11 business transformation 💻 Investment in digital technology to create industry-leading customer experience 🌍 The recent transition to SkyTeam Full conversation out now 👉 https://wp.me/pdIrRr-7eh #aviationfest

Akasa Air, India's newest budget airline, has been making headlines with its impressive revenue growth. However, this success story comes with a twist: despite a fourfold increase in revenue, the airline is still grappling with significant losses. In the fiscal year 2024 (FY24), Akasa Air reported a staggering 339% increase in revenue, reaching ₹3,069.6 crore. While the revenue figures are impressive, Akasa Air's rapid expansion has come at a high cost. The airline's net loss more than doubled in FY24, reaching ₹1,670.1 crore. Despite the financial challenges, Akasa Air remains optimistic about its future. The airline's Chief Financial Officer, Ankur Goel, emphasized that it takes time for a new airline to stabilize and achieve profitability. As the airline continues to expand its operations and refine its business model, it will be interesting to see how Akasa Air balances growth with profitability in the coming years. For now, the airline's story serves as a fascinating case study of the complexities involved in scaling a new business in a competitive industry. #Airport #Airline #India #LCC #AkasaAir #Revenue #Growth #AviationIndustry #AviationOasis https://lnkd.in/gJTUxdza

Did you know that every 2 second and Irish-leased aircraft takes off somewhere in the world? 🛫 Ireland dominates 60% of the global aviation leasing market, and it's no coincidence. With a 12.5% corporation tax rate and an eight-year capital write-off for aircraft assets, Ireland offers an unparalleled environment for aviation investments. Are you leveraging these advantages for your aircraft leasing and financing needs? Learn how Trustmoore can help you navigate Ireland's favorable business landscape and unlock your aviation investments' full potential. Read the full article on our website: https://bit.ly/3CRsIPG #Trustmoore #AviationLeasing #IrelandAviation

25 Years of Trust and Reliability: Hahnair Empowers Airlines Globally As Head of Strategy, I never tire of sharing about Hahnair's pivotal role in shaping the aviation industry's distribution landscape, particularly through our pioneering HR-169 ticket stock – now for a quarter of a century! Our innovative solution has revolutionised the way airlines do business with 100,000 travel agencies across 190 markets. Hahnair embodies trust and reliability for airlines worldwide. Our enduring partnerships with hundreds of airlines bear testament to our unwavering commitment to their success. We have facilitated seamless and secure repatriation of billions of Euros and US-Dollars, fostering financial stability and growth for our esteemed partners on a global scale. Airlines entrust us with their most valuable assets – their revenue streams – confident in our ability to navigate complex financial transactions safely and securely. This trust is not merely a byproduct of our operations; it is ingrained in the very fabric of Hahnair’s partnership with our airline partners. With Hahnair, airlines receive not just a service, but a partnership built on integrity, mutual respect, and reliability. Hahnair represents so much more than just a distribution service; it embodies a legacy of stability and dedication to our partners' success, and we are excited to move forward with this promise into the next 25 years and beyond.

I often get asked why I made the switch to business aviation from wealth management. The answer lies in my passion for helping clients—both individuals and businesses—achieve long-term growth and prosperity in unique and impactful ways. In wealth management, I loved being part of clients’ journeys as they built their financial futures. But in business aviation, there’s an opportunity to contribute to growth that’s immediate and tangible—helping companies and individuals expand their horizons, access new markets, and succeed in transformative ways. There’s something incredibly rewarding about seeing businesses leverage aviation to open doors to new opportunities and grow. To me, every partnership in this industry is a chapter in a shared story of progress and possibility. Making this switch has allowed me to combine my skills in asset management with my enthusiasm for aviation, creating lasting value in a field where the impact is felt in real time. I’m excited to be part of a dynamic industry that helps clients reach new heights—literally and figuratively. Photo by Pilatus Aircraft Ltd. #BusinessAviation #AviationIndustry #ClientSuccess #AviationCareers #WealthManagement #AviationFinance #LongTermVision #AviationBusiness

It’s been an eventful few days in the world of aviation finance and leasing, with key developments shaping our industry: 1️⃣ PK AirFinance Eyes Serial ABS Issuance: PK AirFinance plans to become a “serial aircraft loan ABS issuer”, following the success of its recent $633 million #ABS deal. The lender is tapping into the growing demand for asset-backed securities in aviation. 2️⃣ APOC Aviation Secures $140M Facility: APOC Aviation has secured a $140 million financing facility from Deutsche Bank to support its continued growth and vertical integration into aircraft and engine assets. 3️⃣ Ryanair Adjusts Growth Plans Amid Boeing Delays: Ryanair CEO Michael O’Leary announced that the airline will scale back its growth plan for summer 2025 due to continued delays in Boeing deliveries, which could impact capacity next year. 4️⃣ Deucalion Appoints New CCO: Deucalion Aviation Limited has appointed Nathan Riggs as its new chief commercial officer. Riggs brings extensive experience from Aergo Capital and will be joining the lessor in early 2025. 5️⃣ Avolon Sells Nine Aircraft to AviLease: Avolon has completed the sale of six narrowbodies and three widebodies to AviLease, part of its ongoing strategic portfolio management. The sale includes in-demand aircraft such as the A320ceos and Boeing 737 Max 8. As the leasing and finance space continues to evolve, Zeevo Group is here to support you with strategic advisory and operational expertise. Let’s connect to see how we can help you navigate these market shifts! #AircraftLeasing #AviationFinance #ZeevoPowered

Capital A Berhad (“Capital A” or the “Group”) reported its unaudited financial results for the third quarter ended 30 September 2024 (“3Q2024”). The Group, consisting of Aviation Group and Capital A Companies - Asia Digital Engineering (“ADE”), Capital A Aviation Services (“CAPAS”), Teleport, MOVE Digital and Capital A International, reported a strong net profit of RM2.01 billion for the quarter after recognising a significant foreign exchange gain of over RM2 billion. In terms of core, the Group recorded net operating profit of RM9.9 million, which is supported by RM4.9 billion revenue and RM640 million EBITDA. This represents Year-on-Year (“YoY”) increase of 17% and 43%, respectively.