Corporate versions of the British Aerospace (BAe) 146 and other variants of the regional jetliner will continue to be supported by the OEM following the $187 million disposal of the company’s asset-management division and commercial-aircraft lease portfolio. The business, previously part of BAe Systems Regional Aircraft (BAeRA), has been sold to affiliates of certain funds managed by [New York-based global investment-management company] Fortress Investment Group and now trades as Falko Regional Aircraft.
Falko has acquired an operation that manages more than 150 commercial aircraft worth up to $400 million. Previously owned by BAeRA, the fleet includes BAe 146/Avro RJ regional jets, ATP and Jetstream turboprops and other airliners owned by third parties. The business, which boasts 16 lease customers in 11 countries, is said to be the world’s second largest regional jet lessor by fleet value and the tenth biggest by fleet size. First established in 1993, the mainly UK-based BAeRA asset-management activity had concluded more than 1,800 lease, sale and other transactions valued at more than $3.1 billion.
More In Aircraft
