Aero Capital Solutions announces 2021 year-end summary
Aero Capital Solutions (ACS), a leading mid-life aircraft leasing platform, has announced a summary of its results for the 2021 calendar year.
ACS experienced significant asset growth in 2021, despite the continued headwinds in the market stemming from the pandemic. With its unique mix of mid-life aircraft and engine leasing solutions, the company was well situated to support its airline partners with their fleet initiatives.
By mid-year, ACS saw a significant uptick in engine leasing activity as airlines reactivated stored aircraft and sought cash-friendly “greentime” engine support.
In 2021, ACS concluded 63 aircraft transactions including 28 aircraft purchases, 20 airframe sales and 15 lease placements or extensions. Notably, ACS delivered the first five B737-800SF aircraft in its robust program of 34 passenger to freighter conversions.
In addition to aircraft transactions, ACS concluded 51 engine lease agreements in 2021. The lessor also purchased three engines and sold 17 engines, illustrating the depth and breadth of its industry partnerships.
Jason Barany, the company’s CEO and CIO, said: “2021 was a year of very active customer engagement centred around innovative leasing solutions that addressed the financial and operational needs of our airline partners.”