Showing posts with label Voyager Aviation. Show all posts
Showing posts with label Voyager Aviation. Show all posts

30 January, 2023

Voyager Aviation Holdings has delivered Its second new Airbus A220-300 in 2022 and announces 5 more A220 jets on a sale and leaseback deal with Breeze Airways

Voyager Aviation Holdings has confirmed that it has recently delivered another new Airbus A220-300 on long-term lease to Breeze Airways and agreed to provide five more aircraft under a further sale and leaseback deal.

“We are delighted to celebrate the delivery of our second A220 to Breeze in 2022 and to further reinforce our long-term partnership with five additional aircraft.”

David Neelman, Breeze's Chief Executive Officer, stated, “We appreciate the continued support of Voyager Aviation with their commitment to finance five additional future A220 deliveries.”

“We are delighted to celebrate the delivery of our second A220 to Breeze in 2022 and to further reinforce our long-term partnership with five additional aircraft,” continued Hooman Yazhari, VAH Executive Chairman. “The transaction underscores the strength of our partnerships and aligns with our strategy to continue the diversification of our portfolio in aircraft types and new airline partnerships. The A220 is the perfect aircraft for Breeze’s operations; we look forward to working closely together with Breeze as one of our key partners, and as they grow their incredible business.”

This is VAH’s second A220 delivery from Airbus’s U.S. Manufacturing Site. The A220 is the only aircraft purpose-built for the 100-150 seat market and brings together state-of-the-art aerodynamics, advanced materials and Pratt & Whitney’s latest-generation geared turbofan engines. The A220 delivers up to 25% lower fuel burn and CO2 emissions per seat compared to previous-generation aircraft, and 50% lower NOx emissions than industry standards. In addition, the aircraft noise footprint is reduced by 50% compared to previous generation aircraft - making the A220 a good neighbour around airports.

Breeze Airways began service in May 2021. One year later, it was ranked as the No. 2 U.S. best domestic airline of 2021 by Travel + Leisure World's Best Awards. Breeze now offers 121 nonstop routes between 35 cities in 20 states. Founded by aviation entrepreneur David Neeleman, Breeze operates a fleet of Embraer 190/195 and Airbus A220-300 aircraft, with a focus on providing efficient and affordable flights between secondary airports, bypassing hubs for shorter travel times. 

05 July, 2022

Voyager Aviation Holdings announce deal for seven aircraft...

Voyager Aviation Holdings have just announced the signing of a purchase agreement with a fellow blue-chip aircraft leasing firm for seven young and in-production aircraft, all of which are on long-term leases with strong credit quality airlines.

The assets include two Airbus A321-200s, two Boeing 737-800s, two Airbus A320-200s and one Boeing 787-8. The average age is ~8 years with an average remaining lease term of ~5 years. The portfolio was selected to support the Company’s diversification into younger narrowbody assets with attractive returns for the Company’s shareholders and third-party investors. Hooman Yazhari, Executive Chairman of the Board of Managers of VAH commented, “These aircraft represent a new opportunity for us to deploy fresh capital and be responsive to the market dynamics created by the upheaval in the aviation market. This allows us to be in an excellent position to best serve our existing and growing customer list.”

These aircraft will join the fleet in 2022, are valued at ~$300m and will be initially financed under the Company’s secured revolving warehouse facility which closed in late February 2022. This acquisition represents one of the largest single growth initiatives in the Company’s 30-year history. These new asset purchases, coupled with the continued lease extensions on the legacy portfolio, put the Company on a strong financial path which will provide future opportunities to both debt and equity stakeholders to support and grow with the Company.

21 June, 2022

Voyager Aviation Holdings sees Turkish Airlines extend leases of five Airbus A330-300 aircraft...

Voyager Aviation Holdings, a privately held aviation investment firm and commercial aircraft leasing company based in Ireland has announced this week a deal with Turkish Airlines.

The two firms have successfully extended an agreement for the long-term lease of five Rolls-Royce-powered A330-300 aircraft, for four more years. VAH delivered these aircraft to Turkish Airlines during 2016 and 2017 for an initial lease term of six years following the installation of a new, dual-class cabin interior.

“We are very pleased to continue our valued partnership with Turkish Airlines and support the airline in its growth. Turkish Airlines continually distinguishes itself as one of the world’s most successful airlines. The airline continues to expand its flight network, having already distinguished itself as the airline that flies to more countries than any other through its Istanbul hub,” added VAH Executive Chairman Hooman Yazhari.

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19 October, 2021

VAH Leases Two Airbus A330-200 Aircraft to Italy’s New Airline, ITA

Voyager Aviation Holdings announced that it has closed a transaction with Italy’s new national airline and flag carrier, Italia Trasporto Aereo (ITA), for the lease of two Airbus A330-200 aircraft. The aircraft are part of ITA’s initial fleet that commenced operations on October 15, 2021.

“We are excited to be a part of this next chapter of Italy’s airline industry through this lease agreement with ITA,” said Mike Lungariello, President and CEO of VAH. “We wish the best of luck to ITA, its global Employees, and its Management team as they move forward.”

Andrew Jones, Chief Commercial Officer, added: “Like VAH, ITA has ambitious growth plans. We will continue to work with the airline to build our relationship with them as they grow their fleet and look forward to the prospect of broadening our cooperation with them in the future. This agreement is only the latest exciting new partnership for our business and is demonstrative of the demand for aircraft such as the A330-200 that we deliver to our customers around the globe.”

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23 January, 2021

Voyager Announces the Lease Conversion of a Second 747-8F

Voyager Aviation Holdings,  announced this week that it has entered into an agreement with AirBridgeCargo Airlines and Volga-Dnepr Group to convert the operating lease on one (1) of the Company’s 747-8F aircraft into a finance lease. The transaction is the second conversion of a 747-8F operating lease with AirBridgeCargo (part of Volga-Dnepr Group) to a finance lease.

“This second lease conversion, following the first transaction announced on December 14, 2020, is indicative of the continued strength of the cargo market and performance of AirBridgeCargo and Volga-Dnepr,” said Voyager’s President & Chief Executive Officer, Mike Lungariello. “Voyager is pleased to offer innovative financing solutions to our customers, and we will continue to do so in the future when opportunities present themselves.”

15 December, 2020

Voyager announces the lease conversion of a 747-8F

Voyager Aviation Holdings,  announced on Monday, 14th December that it has entered into an agreement with AirBridgeCargo Airlines to convert the operating lease on one of the Company’s 747-8F aircraft into a finance lease. The aircraft remains on lease to the current lessee, AirBridgeCargo. The aircraft will remain in the Voyager fleet and the Company will continue to receive periodic cash flow to equity from the aircraft.

The net proceeds from the transaction are expected to provide the Company with significant additional liquidity, which Company intends to use for general corporate purposes. The transaction is indicative of the strength in the cargo market, the performance of AirBridgeCargo, and the Company’s ability to provide solutions to its customers and to do so expeditiously.

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18 October, 2020

Voyager Announces Sale-Leaseback Transaction for 5 A220-300 Aircraft With Breeze Airways

Voyager Aviation Holdings has announced that it has signed an agreement for the sale and leaseback of five A220-300 aircraft with Breeze Airways. The aircraft included in this transaction will deliver to Breeze from Q1 2022 to Q1 2023. This is Voyager’s first transaction with Breeze, as well as Voyager’s first addition of next-generation A220-300 narrowbody aircraft to its fleet.

Voyager is a privately held, Ireland-based global aviation investment firm with assets of approximately $2.0 billion. Voyager is majority-owned and controlled by Centerbridge Partners, L.P., a private investment management firm. Our minority shareholders include Reservoir Capital Group and Amedeo Capital Limited.