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Aircraft Finance 2012 | Flightglobal Insight | 3

AIRCRAFT FINANCE 2012

FLIGHTGLOBAL FINANCEOLIVIER BONNASSIES: EDITOR

FLIGHTGLOBAL INSIGHTTREVOR MOUNTFORD: MANAGER

ANTOINE FAFARD: ANALYST

FLIGHTGLOBAL DATA RESEARCHSTEVEN PHIPPS: FLIGHTGLOBAL ASCEND

FOREWORDWelcome to Flightglobal Insight’s Aircraft Finance Special Report 2012, brought to you in association with CFM International and prepared using information from the extensive Flightglobal Premium portfolio. The report provides an analytical overview of the year 2011 looking at order and transaction activities, the finance and leasing market, and what appraisers expect in 2012.

The year 2011 ended with an airliner order backlog of 9,556 units, up 1,545 on the previous year. This is a new record for year-end commercial aircraft backlog. The previous record was 8,332 aircraft in 2008, while in 2010 it was 8,502 units.

Last year, net orders reached 2,796 aircraft, compared with 1,813 in 2010. Last year Southwest Airlines, Lion Air and IndiGo Airlines represented 640 orders, or 23% of the total intake.

The year 2011 was a record year for Airbus deliveries. The European manufacturer handed over 534 aircraft, of which 519 were commercial aircraft, 27 more than the previous year. Airbus ramped up the production rates during the year, notably on the Airbus A320 Family and delivered 412 single-aisle aircraft, or 80% of its total annual ouput.

Boeing delivered 464 commercial aircraft last year, four more units than in 2010. With 585 to 600 commercial deliveries forecast for this year, Boeing is set to approach its 1999 record output of 620 aircraft. The manufacturer ramped up production rates in 2011 and handed over 359 Boeing 737NG during the year, representing also 80% of its total ouput.

Airbus is aiming to turn out 570 aircraft this year. It will crank up the A320’s production line, reaching 42 units per month by the end of the year, while monthly A330 rates will reach 9.5. Forecast for the A380 will head “towards” three aircraft a month.

Early in 2012 Boeing reached a rate of 35 units per month for its 737NG. Production rates for the 767 and 777 families will be two and seven a month, respectively.

Boeing expects to deliver 35 to 42 787s this year and a similar number of 747-8s as part of its new development programme forecast of 70 to 85 deliveries.

On the regional market, ATR was the best performer in terms of orders in 2011. It recorded 157 orders for its turboprops almost equalling the combined Bombardier (43 orders) and Embraer (124) total. Embraer delivered 105 aircraft to customers, while Bombardier handed over 102 units and ATR delivered 53 units.

This report includes a breakdown of aircraft finance transactions that took place in 2011. This information has been extracted from the Flightglobal Finance reports and Ascend’s Online database. It has been displayed in various ways, enabling you to browse through the deals by operator, aircraft model, month, value and participant.

Finally, the report offers opinions from appraisers at Ascend, Avitas, Collateral Verifications, Fintech Aviation Services, IBA Group and SH&E, who reflect on 2011 and provide insight into what we might expect during 2012.

We hope that you find this information useful and that the Aircraft Finance Special Report 2012 will be a helpful reference source when closing your aircraft transactions this year.

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FLEET WATCH: 2011

Aircraft order highlights of the year 6

LEASING OUTLOOK

Top 10 lessors by fleet value 9

Top 50 lessors and management companies by fleet value 10

Top 50 lessors and management companies by fleet size 11

Top 50 leasing survey 12

Value concerns tempered over ‘last off the line’ aircraft 13

Leahy dismisses A320/737 Classic comparisons 13

Airframers downplay finance jitters 14

Output smashes records, and there’s more to come 15

MARKET OUTLOOK

What appraisers expect in 2012 17

DEALS DATABASE 2011

By customer 21

By aircraft model 34

CONTENT

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6 | Flightglobal Insight | Aircraft Finance 2012

2011 was another strong year for commercial aviation as a total of 2,796 net orders were made and aircraft deliveries and order backlogs reached an all-time high.

Net orders in 2011Net orders for 2011 represented an increase of 78% on the previous year. Apart from the regional jet market, each segment benefited from a considerable increase in orders.

Airbus emerged as the leader in the 2011 commercial order battle with 1,425 net orders for the year, while Boeing totalled 788. In the regional market, ATR, Embraer and Sukhoi booked 157, 160 and 73 orders, respectively. Comac took in 95 orders for the C919 narrowbody and 10 orders for the ARJ21. Bombardier totalled 43 orders for the CSeries and nine Q400s.

Narrowbody net orders increased by 107% on the previous year, totalling 2,026 for 2011. Airbus led with an impressive and record high intake of 1,351 orders, of which 1,165 were for the new A320neo. Boeing received 537 narrowbody net orders including 150 for its re-engined 737 Max. Widebody net orders came in at 325, an increase of 59% on the

previous year. Boeing received 251 orders and Airbus 74. In the regional market, the ATR intake of 157 orders represents a record for the manufacturer.

From a regional perspective by operator, Asia-Pacific placed the most orders with 1,111 units, representing 40% of the market. North America followed with 1,005 net orders while Europe totalled 364.

Southwest Airlines was responsible for the largest number of orders during the year as the US operator ordered a total of 260 737s (including 150 737 Max, 73 737-800 and 37 737-700 aircraft). Malaysian-based AirAsia ordered 200 A320neo aircraft while India’s Indigo ordered 180 of the A320 Family, including 150 A320neo aircraft.

Lessors GE Capital Aviation Services (GECAS) and International Lease Finance Corp. (ILFC) ordered 123 aircraft each, while Qantas ordered 110 A320 Family aircraft (including 78 orders for the A320neo). Other large orders came in during the year from American Airlines for 100 737s and six 777s, while Delta ordered 100 737-900s.

In the major cancellations of the year, DAE Capital axed a total of 142 aircraft from its order book (67 737s, 53 A320s and 23 A350s). AirTran Airways cancelled 51 737s, while CASGC scrapped 50 A320s. Jazeera Airways cancelled orders for 25 A320s.

Commercial aircraft deliveries in 2011A total of 1,255 commercial aircraft deliveries took place in 2011, including 771 narrowbody and 212 widebody aircraft, an all-time high for both market groups. Regional jet and turboprop deliveries totalled 154 and 118, respectively.

It was yet another record year for Airbus, which delivered 519 commercial aircraft in 2011, 27 more than in the year before. The manufacturer delivered 412 A320 Family aircraft as well as 81 A330s and 26 A380s.

Boeing, which delivered 446 commercial aircraft in 2010, also surpassed itself with 464 deliveries in 2011. The company delivered 359 737s, 73 777s, 20 767s and nine 747s. Boeing also introduced the new 787 to the market with three deliveries to All Nippon Airways.

FLEET WATCH: 2011Another strong year for commercial aviation

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AIRLINER MARKET 10-YEAR VIEW - NET ORDERS



Order backlog at 31 December 2011Airliner backlog ended 2011 at 9,556 units, up 1,545 from the previous year. This is a new record for year-end commercial aircraft backlog. The last high point occurred at the end of 2008 when it stood at 8,332.

At the end of 2011, Southwest Airlines topped the backlog by operator and customer listing with 349 aircraft, consisting of 150 for the 737 Max, 126 737-700s and 73 737-800s. AirAsia followed with 279 aircraft on order with 79 A320-216s and 200 for the A320neo. Emirates and Indigo both showed a backlog of 227 aircraft. An additional 20 aircraft are also on backlog with DAE Capital and are destined to go to Emirates.

In the leasing market, GECAS, ILFC, Air Lease Corporation and Aviation Capital Group showed backlog figures of 251, 233, 161 and 158, respectively.

In the regional market, Bombardier and Embraer delivered 103 and 102 commercial aircraft, respectively. It was a record year for ATR, which delivered 53 commercial turboprops.

From a regional perspective, 462 of the 1,255 commercial aircraft delivered in 2011 were for operators based in Asia-Pacific followed by Europe with 384.

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AIRLINER MARKET 10-YEAR VIEW - DELIVERIES

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AIRLINER MARKET 10-YEAR VIEW - BACKLOG

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NORTH AMERICA

2011 net orders: 1,0052011 deliveries: 152Backlog (31 Dec): 2,376

EUROPE

2011 net orders: 3642011 deliveries: 384Backlog (31 Dec): 1,712

MIDDLE EAST

2011 net orders: 132011 deliveries: 84Backlog (31 Dec): 909

SOUTH AMERICA


AFRICA


ASIA-PACIFIC

2011 net orders: 1,1112011 deliveries: 462Backlog (31 Dec): 3,296

NOTES: Figures extracted from the Flightglobal ACAS database (February 2012). Regional split based on operator location (when available).

Read the monthly FleetWatch summaries at:www.flightglobal.com/fleetwatch

Commercial Fleet Forecast

Flightglobal’s Commercial Fleet Forecast report is now available. The independent view of the market spans 2012-2031, with predictions broken down by model series, seat categories and coverage split between seven world regions.

Find out more atwww.flightglobal.com/forecast

Regional overview for commercial aircraft in 2011

2012-H1

COMMERCIAL FLEET FORECASTGLOBAL: 2012-2031

Research and analysis from Flightglobal Insight and Achieving the Difference



LEASING OUTLOOKTop 10 lessors by fleet value

Extracts from:

GECAS $34.6bn -0.2%

Aircastle Advisor $3.7bn +14.0%

Aviation Capital Group $4.8bn +15.0%

AWAS $5.2bn +22.7%

RBS Aviation Capital $6.7bn -3.1%

BOC Aviation $6.7bn +8.0%

CIT Aerospace $7.5bn +16.4%

BBAM $7.8bn +11.9%

AerCap $8.5bn +24.8%

ILFC $27.8bn -4.8%

1,550Lessors’ aircraft order backlog passed the 1,500 mark last year, jumping 18% on the 2010 figure

The fleet value among the top 50 lessors was more than 10% higher than in 2010, totalling over 7,000 aircraft valued at $171.4 billion

10.6%

GECAS and ILFC remain the two largest aircraft by fleet value and size, but the latest annual Airline Business leasing survey shows strong growth among the leading lessors behind.

The GECAS fleet, comprising more than 1,750 aircraft as of the end of 2011, was worth around $34.6 billion - fractionally below figures for the same time last year. ILFC saw its fleet fall almost 5% on the same stage last year to $27.8 billion. Its fleet comprised in excess of 1,000 aircraft. This annual leasing survey was researched by our data team and compiled from Flightglobal’s Ascend Online database.

Behind these two leasing giants AerCap, BBAM and CIT Aerospace all enjoyed double-digit growth in the value of their fleet to $8.5 billion, $7.8 billion and $7.5 billion, respectively. Japan’s Sumitomo, which also owns Sumisho Aircraft Asset Management, is also set to join the lessors at the top table if it completes a deal agreed earlier this year for RBS Aviation Capital - currently the seventh largest lessors in the world.

Outside of the top 10, a number of recent additions to the aircraft lessors ranks continue to make their mark. Air Lease Corporation expanded its fleet portfolio to nearly 100 units from 36 over the past year. The leasing company is now ranked the 12th largest lessor by fleet value. Two other lessors, Avolon Aerospace Leasing and Jackson Square Aviation, grew their fleet from nine to 51 and 46 respectively to break into the top 25 lessors by fleet value.

The total fleet value of the top 50 aircraft lessors was more than 10% higher than in 2010 at $171.4 billion.



TOP 50 LESSORS AND MANAGEMENT COMPANIES BY FLEET VALUE

Rank Total fleet value Total Average value Managed only2011 (2010) Company $m Change fleet $m Change $m Share1 (1) GECAS 34,581 -0.2% 1,755 19.7 3.6% 1,489 4.3%2 (2) ILFC 27,801 -4.8% 1,031 27.0 -4.7% 1,096 3.9%3 (5) AerCap 8,447 24.8% 326 25.9 11.0% 1,185 14.0%4 (3) BBAM 7,849 11.9% 327 24.0 9.5% 6,913 88.1%5 (6) CIT Aerospace 7,493 16.4% 263 28.5 8.4% 76 1.0%6 (7) BOC Aviation 6,742 8.0% 179 37.7 -2.9% 739 11.0%7 (4) RBS Aviation Capital 6,692 -3.1% 246 27.2 -1.5% – –8 (8) AWAS 5,168 22.7% 224 23.1 12.3% 134 2.6%9 (9) Aviation Capital Group 4,781 15.0% 245 19.5 12.2% 143 3.0%10 (11) Aircastle Advisor 3,729 14.0% 140 26.6 10.8% 133 3.6%11 (10) Macquarie AirFinance 3,622 -2.6% 156 23.2 -2.0% 470 13.0%12 (27) Air Lease Corporation 3,517 215.5% 97 36.3 17.1% – –13 (16) Doric Asset Finance 2,983 28.4% 27 110.5 9.3% 2,983 100.0%14 (15) CDB Leasing Company 2,873 22.0% 70 41.0 -9.3% 406 14.1%15 (18) Sumisho Aircraft Asset Mgt 2,865 37.4% 89 32.2 14.2% 1,260 44.0%16 (13) MC Aviation Partners 2,822 10.4% 87 32.4 5.3% 1,121 39.7%17 (19) ICBC Leasing 2,613 28.9% 63 41.5 0.3% 133 5.1%18 (22) Pembroke Group 2,538 49.1% 75 33.8 9.3% 226 8.9%19 (12) Boeing Capital Corp 2,399 -12.4% 242 9.9 -2.6% 198 8.3%20 (26) FLY Leasing 2,209 80.1% 109 20.3 -2.5% – –21 (–) Jackson Square Aviation 2,206 768.0% 46 47.9 69.8% – –22 (17) Hong Kong Aviation Capital 2,200 1.6% 68 32.4 1.6% 1,872 85.1%23 (38) Avolon Aerospace Leasing 2,117 325.5% 52 40.7 -10.0% – –24 (14) Amentum Capital 2,100 -14.4% 44 47.7 -12.5% 2,100 100.0%25 (20) DAE Capital 2,054 6.8% 47 43.7 2.2% – –26 (21) ALAFCO 1,928 2.0% 60 32.1 -4.8% 223 11.6%27 (29) Guggenheim Avn Partners 1,760 77.5% 51 34.5 74.0% 31 1.8%28 (23) ORIX Aviation 1,427 2.8% 88 16.2 9.8% 190 13.3%29 (24) SkyWorks Leasing 1,231 -6.2% 98 12.6 27.3% 1,231 100.0%30 (25) Lease Corporation Int'l 1,052 -19.2% 13 80.9 -0.6% 1,052 100.0%31 (31) Nordic Aviation Capital 1,010 24.4% 150 6.7 12.0% – –32 (28) Penerbangan Malaysia 877 -13.6% 42 20.9 -11.5% – –33 (30) Aircraft Leasing & Mgmt 798 -14.7% 42 19.0 7.6% 798 100.0%34 (43) Jetscape 785 97.8% 42 18.7 27.2% 235 29.9%35 (40) Investec Global Acft Fund 663 53.8% 17 39.0 -9.5% 210 31.6%36 (35) Volito Aviation Services 626 14.0% 48 13.0 11.6% – –37 (41) Cargo Aircraft Mgmt 624 47.0% 77 8.1 18.3% 13 2.1%38 (32) Banc of America Leasing 614 -9.5% 41 15.0 -0.7% 17 2.7%39 (34) GOAL 597 0.2% 41 14.6 5.1% – –40 (37) VTB-Leasing 577 15.6% 38 15.2 6.5% 350 60.6%41 (–) Hong Kong Int'l Avtn Lsg 542 91.6% 12 45.2 43.7% – –42 (36) Santos Dumont Acft Mgmt 512 -5.1% 16 32.0 -5.1% – –43 (33) Sky Holding 496 -19.2% 72 6.9 -2.3% 496 100.0%44 (39) Aircraft Purchase Fleet 482 10.1% 15 32.1 -4.6% – –45 (45) VEB-Leasing 476 38.6% 22 21.6 -24.4% – –46 (42) Showa Leasing 449 10.5% 24 18.7 -3.3% – –47 (50) Veling 405 30.8% 16 25.3 6.3% – –48 (–) Apollo Aviation Group 398 71.3% 47 8.5 23.9% 92 23.0%49 (–) AerSale 351 38.6% 38 9.2 20.3% – –50 (44) Avequis 346 -2.5% 11 31.5 -2.5% 140 40.4%

TOTAL 171,424 10.6% 7,129 24.0 5.4% 27,752 16.2%NOTE: Fleet value based on Ascend estimates 2011. FLY Leasing aircraft managed by BBAM, but not included in BBAM figures to avoid double counting. AerVenture and Waha Leasing included with AerCap. GAAM portfolio sold to BBAM and FLY Leasing. DEFINITIONS: Ranking: The survey is based on the Top 50 companies with a substantial operating lease business ranked by the value of their owned and/or managed fleets at the beginning of December 2011. Change: The change figures are based on fleets/values supplied by Flightglobal’s Ascend Online Fleets and Values databases for December 2011 and 2010. Operating lessors: Lessors are defined as those with an active operating lease business and a substantial investment in fleet. Companies that are solely or predominantly financiers have been excluded. Fleets & values: The survey represents a snapshot of fleets, including stored aircraft, with fair market generic values supplied by Ascend. Note the composition of fleets is constantly changing.



TOP 50 LESSORS AND MANAGEMENT COMPANIES BY FLEET SIZE

Rank Total fleet Fleet by category2011 (2010) Company Number Change Units +/- Wide Narrow Reg jet Prop1 (1) GECAS 1,755 -3.6% -66 187 1,123 422 232 (2) ILFC 1,031 -0.2% -2 281 750 – –3 (3) BBAM 327 2.2% +7 29 298 – –4 (4) AerCap 326 12.4% +36 42 277 7 –5 (7) CIT Aerospace 263 7.3% +18 39 218 6 –6 (6) RBS Aviation Capital 246 -1.6% -4 2 230 14 –7 (8) Aviation Capital Group 245 2.5% +6 11 234 – –8 (5) Boeing Capital Corp 242 -10.0% -27 19 214 – 99 (9) AWAS 224 9.3% +19 53 168 3 –10 (10) BOC Aviation 179 11.2% +18 25 152 2 –11 (11) Macquarie AirFinance 156 -0.6% -1 14 139 3 –12 (13) Nordic Aviation Capital 150 11.1% +15 13 4 13313 (12) Aircastle Advisor 140 2.9% +4 54 86 – –14 (21) FLY Leasing 109 84.7% +50 6 103 – –15 (14) SkyWorks Leasing 98 -26.3% -35 18 55 25 –16 (34) Air Lease Corporation 97 169.4% +61 17 69 9 217 (18) Sumisho Aircraft Asset Mgt 89 20.3% +15 6 80 3 –18 (15) ORIX Aviation 88 -6.4% -6 14 73 – 119 (17) MC Aviation Partners 87 4.8% +4 28 59 – –20 (20) Cargo Aircraft Mgmt 77 24.2% +15 42 35 – –21 (23) Pembroke Group 75 36.4% +20 15 54 4 222 (16) Sky Holding 72 -17.2% -15 12 60 – –23 (25) CDB Leasing Company 70 34.6% +18 25 36 9 –24 (19) Hong Kong Aviation Capital 68 0.0% 0 18 44 6 –25 (27) ICBC Leasing 63 28.6% +14 21 35 7 –26 (22) ALAFCO 60 7.1% +4 9 51 – –27 (47) Avolon Aerospace Leasing 52 372.7% +41 4 48 – –28 (26) Guggenheim Avn Partners 51 2.0% +1 26 25 – –29 (28) Volito Aviation Services 48 2.1% +1 – 47 – 130 (–) Apollo Aviation Group 47 38.2% +13 15 29 3 –30 (29) DAE Capital 47 4.4% +2 16 31 – –32 (–) Jackson Square Aviation 46 411.1% +37 6 40 – –33 (29) Amentum Capital 44 -2.2% -1 13 26 5 –34 (24) Aircraft Leasing & Mgmt 42 -20.8% -11 2 34 6 –34 (36) Jetscape 42 55.6% +15 – 9 31 234 (32) Penerbangan Malaysia 42 -2.3% -1 24 18 – –37 (29) Banc of America Leasing 41 -8.9% -4 8 23 3 737 (32) GOAL 41 -4.7% -2 2 4 14 2139 (–) AerSale 38 15.2% +5 16 22 – –39 (35) VTB-Leasing 38 8.6% +3 14 22 2 –41 (37) Doric Asset Finance 27 17.4% +4 21 6 – –42 (38) Showa Leasing 24 14.3% +3 – 10 4 1043 (46) VEB-Leasing 22 83.3% +10 13 5 4 –44 (50) Investec Global Acft Fund 17 70.0% +7 3 14 – –45 (40) Santos Dumont Acft Mgmt 16 0.0% 0 2 14 – –45 (44) Veling 16 23.1% +3 14 – – 247 (44) Aircraft Purchase Fleet 15 15.4% +2 – 15 – –48 (40) Lease Corporation Int'l 13 -18.8% -3 11 2 – –49 (–) Hong Kong Int'l Avtn Lsg 12 33.3% +3 4 – 8 –50 (47) Avequis 11 0.0% 0 4 7 – –

TOTAL 7,129 4.3% +296 1,205 5,107 604 213NOTES: This chart takes those leasing companies in the Top 50 by fleet value chart (see p46) and lists them by the size of their fleet, as verified to serial number. Figures based on fleet data from Flightglobal’s Ascend Online database for year end December 2011. Total fleet is owned and managed. ADDITIONAL INFORMATION: For more on descriptions and contact details for all of the Top 50 leasing companies plus additional charts, visit flightglobal.com/premiumdata



TOP 50 LEASING SURVEYOur annual leasing survey provides a snapshot from December 2011 of the fleets owned and managed by the top 50 operating lessors, and is compiled from Flightglobal’s Ascend Online database.

MAINLINE AIRCRAFT: LEASED FLEET

Manufacturer/category Type Value ($m)

Fleet Av. value ($m)

Airbus narrowbody A318 225 16 14.1A319 11,413 618 18.5A320 33,189 1,388 23.9A321 6,423 239 26.9

AIRBUS NARROWBODY TOTAL 51,251 2,261 22.7Airbus widebody A300 367 31 11.8

A310 97 15 6.5A330 20,927 346 60.5A340 2,664 71 37.5A380 1,949 12 162.4

AIRBUS WIDEBODY TOTAL 26,003 475 54.7AIRBUS TOTAL 77,253 2,736 28.2Boeing narrowbody 717 1,130 126 9.0

727 13 17 0.8737 CFMI 2,814 670 4.2737 JT8D 1 6 0.2737 NG 44,635 1,607 27.8757 2,862 261 11.0DC-8 42 27 1.6MD80 236 128 1.8MD90 15 3 5.0

BOEING NARROWBODY TOTAL 51,749 2,845 18.2Boeing widebody 747 6,485 159 40.8

767 5,485 287 19.1777 21,003 234 89.8DC10 3 4 0.8MD11 888 46 19.3

BOEING WIDEBODY TOTAL 33,864 730 46.4BOEING TOTAL 85,613 3,575 23.9MAINLINE AIRCRAFT GRAND TOTAL 162,866 6,311 25.8

REGIONAL JETS: LEASED FLEET

Manufacturer Type Value ($m)

Fleet Av. value ($m)

Bombardier CRJ100/200/440 973 227 4.3CRJ700/900 842 66 12.8

BOMBARDIER TOTAL 1,816 293 6.2Embraer ERJ-145 Family 661 110 6.0

E170/175 834 51 16.3E190/195 3,410 139 24.5

EMBRAER TOTAL 4,905 300 16.4Fokker Fokker 70/100 26 8 3.3FOKKER TOTAL 26 8 3.3Sukhoi Superjet 100 92 4 22.9SUKHOI TOTAL 92 4 22.9REGIONAL JET GRAND TOTAL 6,839 605 11.3MAINLINE/REGIONAL GRAND TOTAL 169,705 6,916 24.5

NARROWBODY LESSORS BY FLEET VALUE

Rank Company Value ($m) Fleet Change1 GECAS 21,513 1,123 -282 ILFC 14,592 750 +33 BBAM 6,403 298 04 RBS Aviation Capital 6,401 230 -25 AerCap 5,878 277 +256 CIT Aerospace 5,255 218 +67 Aviation Capital Group 4,532 234 +68 BOC Aviation 4,439 152 +189 AWAS 2,937 168 +1710 Macquarie AirFinance 2,927 139 011 Sumisho Aircraft Asset Mgt 2,295 80 +1412 FLY Leasing 1,968 103 +4813 Air Lease 1,954 69 +3614 Boeing Capital Corp 1,871 214 -2715 Avolon Aerospace Leasing 1,762 48 +4016 ALAFCO 1,588 51 +417 Jackson Square Aviation 1,423 40 +3118 Pembroke Group 1,331 54 +1719 MC Aviation Partners 1,330 59 +1020 Hong Kong Aviation Capital 1,188 44 +4

WIDEBODY LESSORS BY FLEET VALUE

Rank Company Value ($m) Fleet Change1 ILFC 13,209 281 -52 GECAS 9,096 187 03 Doric Asset Finance 2,828 21 +44 Aircastle Advisor 2,557 54 +95 AerCap 2,456 42 +96 BOC Aviation 2,241 25 -27 AWAS 2,220 53 +28 CIT Aerospace 2,126 39 +99 Guggenheim Avn Partners 1,553 26 +710 CDB Leasing Company 1,498 25 +311 MC Aviation Partners 1,493 28 -612 BBAM 1,446 29 +713 ICBC Leasing 1,401 21 +114 Air Lease 1,266 17 +1415 Amentum Capital 1,259 13 -316 Pembroke Group 1,186 15 +317 DAE Capital 1,171 16 +118 Lease Corporation Int'l 1,013 11 -219 Hong Kong Aviation Capital 870 18 -420 Jackson Square Aviation 783 6 +6

REGIONAL JET LESSORS BY FLEET VALUE

Rank Company Value $m Fleet Change1 GECAS 3,848 422 -302 Jetscape 698 31 +173 Air Lease 255 9 +94 GOAL 236 14 -25 CDB Leasing Company 228 9 +7



Residual values of the last of the current generation narrowbodies will be affected by the introduction of their re-engined successors, but to a lesser degree than in previous transitions from old to new technology. That is the view of financiers and analysts when asked about the so-called “last off the line” effect in FlightGlobal’s Airline Business interactive special report on finance [www.flightglobal.com/iFinance12].

“The ‘last off the line effect’ is used to identify aircraft that are built towards the end of a production run, because they tend to depreciate faster in value terms than earlier-built aircraft,” said Eddy Pieniazek, who is global head of consultancy at Ascend.

“This is something we’ve learnt to understand by analysing historic data. There is a simple reason for that - because aircraft are being succeeded by newer models, they tend to have shorter useful economic life.”

Bert van Leeuwen, global head of aviation research at DVB Bank, told Airline Business interactive that the last examples produced of a certain type are generally “written off” a lot quicker. “We’ve looked at previous generations where the early aircraft were depreciated by 4% while later ones by 8% or more,” he said.

This factor, combined with the fact that financiers tend to favour younger aircraft offering more modern technology, “gives us quite some concern about residual value performance, especially the last off the line of the current generation of aircraft”, added van Leeuwen.

Value concerns tempered over ‘last off the line’ aircraftPieniazek gives the example of the Boeing 737 Classic, deliveries of which ended in 2000 with the 1,988th aircraft when production transitioned fully to the 737NG variants. “The last examples delivered had a very distinct depreciation profile that was different from the early aircraft,” he said.

However Boeing Capital’s managing director capital markets and leasing Kostya Zolotusky believes that it is wrong to “look in the rear view mirror”, as the market is different today. “The size of the installed fleet of the 737NG is so much bigger than any other aircraft that was replaced,” he said.

“Demand relative to the installed base is so enormous that neither Airbus nor Boeing will be able to produce enough A320neo or 737 Max aircraft to relatively quickly replace the 737NGs or the A320 older versions. So that length of time for replacement means you’ll have decades of demand for these aircraft.”

Pieniazek concurred that the effect on depreciation of current A320s and 737s might be slightly different, because of the larger production volumes: “On the A320, for the early aircraft of 1988-94 vintage there was a much more gentle depreciation profile and we think that was because there was a much larger volume of aircraft and the transition from the early A320s to the next step was a little more gradual,” he said.

“When production moves to the 737 Max and A320neo the step in depreciation from the last of the current generation 737NGs and A320s might be reduced because the current aircraft have already built up a large volume,” added Pieniazek.

Leahy dismisses A320/737 Classic comparisonsAirbus has dismissed suggestions that the transition to the re-engined A320neo Family will make the last of the current generation A320 models less desirable and impact their residual value performance.

In a video interview with Flightglobal for Airline Business’s 2012 interactive special report on finance, Airbus chief operating officer customers John Leahy said that comparisons with the transition in the late 1990s from the Boeing 737 Classics to the 737NG were not valid: “An ‘A320ceo’ (current engine option) and an A320neo aren’t the same as a Classic and an NG. A Classic to an NG was about a 90% change,” he said.

“One of the greatest marketing jobs ever done by Boeing was with the FAA, convincing them it’s a common type certificate. They changed just about everything...so that you couldn’t as an airline take an NG and just smoothly integrate it side-by-side with a route system that was operating on Classics.”

Leahy said that Airbus is “going to great pains” to make sure that the “A320ceo” and the A320neo are interchangeable. “You can integrate

them, but one of course burns 15% less fuel than that other,” he added. “You’ve got two airplanes that are interchangeable, side-by-side, that we think will be side-by-side for another 20 years.”

Of the 1,470 A320 Family aircraft ordered in 2011, more than 80% (1,226 units) were for the A320neo variants. The 2011 year-end backlog for the current engine option versions stood at 2,089 orders, which equates to around four years production at current rates. Deliveries of the initial A320neo models are due to begin in late 2015.

Despite last year’s order surge for the re-engined A320, Leahy said that sales of the “A320ceo” have been “pretty good” and that it is demand for the current models that is driving Airbus’s evaluation of a production rate increase.

“That rate 42/44 [A320s a month] decision is about the Ceo - today’s airplane - not the Neo. We’ve got demand to go to rate 44 right now. What we’re nervous about is the supply chain.”



Airframers downplay finance jitters

As European banks struggle, Airbus and Boeing expect other players will step in to help airlines fund their 2012 deliveries

Read this year’s Airline Business interactive special report on finance and lessors at: flightglobal.com/iFinance12

0

200

400

600

800

1,000

1,200

12*111009080706050403-40

-30

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20

30Deliveries Airline profitability

No o

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ft

$ (b

illion)

JET AIRLINER DELIVERIES, ORDERS AND BACKLOG

2011 2010Deliveries Net orders Backlog Deliveries Net orders

Airbus

A320ceo* 421 122 2,089 401 386A320neo 0 1,226 1,256 0 30A330 87 82 349 87 47A340 0 -2 2 4 1A350 0 -28 555 0 78A380 26 19 186 18 32TOTAL 534 1,419 4,437 510 574Boeing

737 NG 372 401 2,215 376 486737 Max 0 150 150 0 0747-8 9 -1 97 0 -1767 20 42 72 12 3777 73 200 380 74 46787 3 13 857 0 -4TOTAL 477 805 3,771 462 530

GRAND TOTAL 1,011 2,224 8,208 972 1,104

Note: *A320 current engine option. Data includes corporate versions. SOURCE: Manufacturers

AIRLINER DELIVERIES VERSUS INDUSTRY PROFITABILITY

Manufacturers are playing down concerns that the lack of liquidity with some European banks could leave airlines facing a severe struggle to secure finance for new aircraft deliveries this year. But while other finance providers are expected to step in to fill the void, this funding will come at a steep price.

After breaking the 1,000 deliveries mark for the first time in 2011, Airbus and Boeing will set another shipment record this year, producing about 1,100 aircraft. Boeing estimates these deliveries will be worth $95 billion, more than a fifth higher than last year. Funding requirements are forecast to rise again in 2013 and break through the three-digit barrier, reaching about $106 billion.

“There’s clearly a bit of jitteriness [about finance],” says Boeing Capital’s managing director of capital markets and leasing, Kostya Zolotusky.

Speaking to Airline Business for this year’s interactive special report on finance, Zolotusky said: “We have our sleeves rolled up and see some realignment of the industry participants. Bank debt will shrink, in part due to pressures in Europe, but this will create opportunities in the lessor and capital markets space.”

Airbus parent EADS is optimistic new players will step in. “We don’t think we’re getting into a severe problem in 2012,” EADS chief financial officer Hans Peter Ring told Airline Business Interactive. “We would think that almost all the financings are settled [for deliveries during] the first six to eight months of 2012.”

Ring expects international banks from other nations to become more active in aviation finance, such as China and Japan. With this, along with support from European export credit agencies (ECAs), “we think it is manageable”, he says.

Eddy Pieniazek, global head of consultancy at Flightglobal’s Ascend division, expects the continued support of ECAs will prove vital for deliveries in 2012: “We’ve had three or four years where the ECAs and Ex-Im Bank have come to the fore, providing 25-30% back-up support to the financial markets, and we don’t see 2012 being any different.

“European banks will be playing less of a role this year and will hopefully be replaced by some of the new entrants, like the Asian banks. The lessors will also perhaps step up to the plate.”

However Robert Martin, boss of lessor BOC Aviation, warns “there will be an upward pricing effect on the available capital”.



AIRLINE BUSINESS INTERACTIVE

NEW INTERACTIVE EDITIONCheck out the second edition of the Airline Business finance interactive magazine. Produced in association with DVB Bank, it features expert video comment, analysis and interactive graphics highlighting our annual Finance and Leasing survey and trends in aviation finance.

TIMELINE: THE EVOLUTION OF THE OPERATING LESSORSFly through the history of the leasing sector and discover the key developments in the rise of the aircraft lessors. It charts the growth from the first lease deal in 1965 to the situation today where nearly 40% of the global fleet is on operating lease. Simply open a window in the interactive graphic to reveal all the major milestones in leasing such as the emergence of ILFC and GPA and the arrival of the Chinese lessors. See how the leasing companies built their portfolios and how they suffered during the market slumps caused by the Gulf War and the 9/11 attacks.

Output smashes records, and there’s more to come

Download the interactive edition of Airline Business for free at: flightglobal.com/ifinance12

Airlines took delivery of a record 1,000 mainline aircraft last year, as production broke the four-figure threshold for the first time. Shipments are expected to rise by another 10% in 2012.

This comes on the back of a stellar sales year for Airbus and, to a lesser extent, Boeing, which at 2,224 net orders was second only to the 2,754 signed in 2007.

Deliveries reached 1,011 units, with Airbus again the market leader shipping 534 aircraft. Boeing trailed on 477, as more hold-ups in the much-revised 787 delivery plan prevented it from handing over as many aircraft as it hoped.Combined mainline airliner production has risen steadily in the last 10 years from about 590 in 2003. Airbus expects to raise production by about 7% to 570 aircraft this year, and with Boeing shipments set to rise as series production of the 747-8 and 787 gets fully under way, total deliveries in 2012 should reach around 1,100 units.

Airbus dominated in the order stakes, thanks largely to its re-engined A320neo success for which it secured almost 1,230 orders. In total, Toulouse landed 1,419 net orders, giving it a 64% market share – its most dominant performance ever over its rival.

However, with Boeing playing catch-up – it launched its re-engined rival the 737 Max in August – Airbus is preparing the ground for a possible thrashing in 2012.

“Part of our success in 2011 was down to Boeing not getting its act together on the 737 Max,” says Airbus chief salesman John Leahy. “I wouldn’t even be surprised if we go below 50% share this year, but 2011 and 2012 added together, we intend to stay above 50%.”

The combined backlog has risen 17% during the past 12 months to more than 8,200 aircraft.

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Five appraisers review the market in 2011 and take a look ahead in 2012

What will be the major event(s) this year?

Collateral Verifications’ VP Commercial Aviation Services Gueric Dechavanne: “I believe Embraer will make a formal announcement as to their next generation of the E-Jet Family. I also believe that the US will show better signs of recovery than 2011, which will bring further global economic stability. Lastly, there is a great likelihood that American Airlines will be acquired by another carrier in tangent with an investment group.”

IBA Group’s Head of Valuations and Modelling Stuart Hatcher: “Hopefully in 2012 we will have a better understanding of what the Boeing 737 Max will bring to the table as the details are still a bit hazy at the moment. Whilst many in the market remain confident that it will compete against the Neo in a similar vein to what we see now between the A320 and Next Generation, the marketing tells us something different.

I think another pile of airline bankruptcies are set for 2012, which will push more aircraft into the desert and depress lease rates and values even further – will Kingfisher Airlines escape for another year? The year 2012 will expose those operators that are running weak and unsustainable operations.

On the production side, both Airbus and Boeing are increasing their output, but will the airlines and finance be there to take it all? Whilst lessors are in acquisition mode, one would expect that most will be fine, but the market needs a fresh injection of liquidity. Maybe the Middle East will take a more active role.”

ICF SH&E’s VP Ken de Jaeger: “The Bombardier CSeries’ first flight. The Boeing 787 successful international service introduction and build rate ramp-up.”

Fintech Aviation Services’ MD Oliver Stuart-Menteh: “This year will signal the start of mass cancellations and

deferrals of existing backlogs. The freight industry is contracting and as such volumes are now lower than at the beginning of 2008. We expect the GDP of major economies to continue to soften augmented by the Euro zone sovereign debt issue. China’s economy is already slowing and most of India’s airlines have demonstrated that consolidation. Prudent business plans are required.”

Ascend director of valuations Les Weal: “Nothing too riveting, big losses for European majors, the 787s being delivered in more significant numbers. First flight of the CSeries?

I suspect a good number of cancellations and deferrals, fewer orders than last year. I also see the bankruptcy of at least one Indian carrier and several European carriers.”

Will the year 2012 be the “Year of A320neo” or the “Year of 737 Max”?

Dechavanne: “With 2011 being such a great success for Airbus on the Neo, I feel that it will be the year of the 737 Max. I do believe Airbus will also do very well in terms of Neo orders but that it will be surpassed by Boeing.”

De Jaeger: “The market is likely to favour late start Max, but overall spoils even.”

Hatcher: “The A320neo had a head start over the Boeing offering in terms of the programme announcement six months ahead of Boeing, but also in terms of orders. Airbus has also a more finalised definition of the type design compared to its competitor. Finally, entry into service of the A320neo should be at least a year before the 737 Max, and this should further improve the market share of the Airbus. Airbus ended 2011 with a total of 1,256 orders for the Neo whereas Boeing has racked up more than 1,000 commitments with some converted to orders. Whilst the orderbook for the new engine A320 has been open for longer than the Max, IBA would anticipate that Airbus and Boeing will be very much head to head in 2012 in terms of narrowbody orders. A clearer specification from Boeing would help their case though.”

Stuart-Menteh: “Airbus’s gamble of entering the market

MARKET OUTLOOKWhat appraisers expect in 2012

u



first with the interim Neo offering will pay dividends for them during 2012 as a result of having a well defined aircraft with a choice of powerplants.”

Weal: “Maybe slight leg up for Max in catch-up mode.”

Will 2012 see more significant CSeries, Comac C919, Sukhoi SuperJet 100 (SSJ) orders?

Dechavanne: “Absolutely, on all counts!”

De Jaeger: “No significant orders, but likely to favour CSeries if early first flight indications go well.”

Hatcher: “As of January, the CSeries had recorded 158 orders, 155 orders for Comac while SuperJet had 220 orders. The SSJ market has proved to have the most dynamic orderbook of the three offerings, with a broader scope in terms of operators, whereas the Comac aircraft seems to mainly attract the interest of domestic airlines. The whole CSeries programme seems to have somewhat stalled of recent, with still no freeze of the aircraft design and actual entry into service schedule. It remains to be seen whether the current orders for the CSeries would be sufficient to fund the aircraft development costs and if the aircraft will ever see to the sky. As such, IBA would anticipate the SSJ aircraft to attract the most orders in 2012, especially now that the aircraft has been fully certified and entered revenue service in 2011. The SSJ is also the only of the three aircraft flying to date. It would also be interesting to know what Embraer will do next. Given that the E-Jets are young, we would expect this to be a re-engined operation with a new CF34 variant, or possibly a GTF as well?”

Stuart-Menteh: “I don’t foresee significant orders for these aircraft group unless they are ‘politically’ motivated in which case they are destined to serve their domestic markets. Estimated low ‘mature’ production rates of the SSJ and products from China will not impact the significant market share enjoyed by Airbus and Boeing.”

Weal: “If the CSeries flies, we may see more significant orders. No orders for the other types.”

Do you anticipate more aircraft to be parked in 2012? Why?

Dechavanne: “Yes. I believe that more of the older generation aircraft will be parked due to the increased availability of newer, more efficient aircraft. I feel this will be due to not

only the increase in production rates from the OEMs, but also to the increased availability of newer used aircraft from the leasing community.”

De Jaeger: “Yes, due to airline bankruptcy and merger activity, soft economic conditions and elevated fuel prices, along with the usual exogenous shock.”

Hatcher: “With more bankruptcies looming, more aircraft will go into storage. Whilst the best of the bunch (newer NGs, A320s, A330s, 777s) will come back, with the majority of finance being available to aircraft under five years old, the rest will prove a challenge to shift. The view of the market is when an aircraft is over five years old, it is considered difficult to place. With production increasing, the limited finance available will be chasing new deliveries instead. The much older and less economically viable aircraft will be even tougher to place and part-outs will increase, that is unless there is some life left. Many airlines that don’t have the luxury of access to finance from the markets or banks for re-fleeting will do well to buy the cheaper alternatives. Whilst the maintenance and fuel burn may be higher, the costs and risks associated with buying new will not put them in any better position. Lessors will be happy to give them a good rate too! It is worth noting that the number of young aircraft part-outs remain few and far between but they are headline grabbing, which in turn weakens the confidence of investors.”

Stuart-Menteh: “I anticipate freighter aircraft and older widebody aircraft will be parked progressively. Narrowbodies over 15 years of age are also candidates.”

Weal: “Yes. Too many new deliveries and shaky demand will result in more storage. Airlines in the European Union especially requires some form of capacity control.”

How much (in percentage) new deliveries will not have financial support in 2012?

Dechavanne: “0%... there continues to be a strong appetite from the finance community for new aircraft and I do not see this trend changing in 2012.”

De Jaeger: “All aircraft will have financial support in 2012… but much of it will come from export credit agencies (ECAs) and some from the Original Equipment Manufacturers (OEMs)…”

Hatcher: “There are more uncertainties this year in terms of

u



financing, and we see a large proportion of financing coming from the Middle East, whereas European banks will not have much margin for manoeuvre this year. This year again, we do suspect manufacturers will put in place financing for their operators. The ECAs will be more solicited than ever. OEMs are pretty good at keeping the white tails to a minimum and we believe there will no difference in 2012 in that regard. Whilst some cancellations are likely, innovative financial structures will emerge in the wake of support from the ECAs, OEMs and the commercial banks.”

Stuart-Menteh: “Taking into consideration the magnitude of expected cancellations and deferrals one would anticipate that, even with the support of Ex-Im and the European ECAs, approximately 5% of deliveries may not attract financing. Ultimately the OEMs will end up supporting their end users.”

Weal: “Maybe 1 or 2% of new deliveries will not have financial support in 2012. Under 5% of deliveries, in any case.”

Do you believe funding pressure will impact second-hand aircraft values?

Dechavanne: “Absolutely. Since most investors/finance companies prefer to go with new aircraft, used aircraft continue to be expensive to finance, which will affect their values. As long as used aircraft continue to be perceived as higher risk assets, this trend will not go away.”

De Jaeger: “Yes – now and throughout 2012.”

Hatcher: “If the current trend continues, then the secondary market will continue to have a problem; until second-tier airlines stop buying large numbers of new aircraft. They can’t afford them, but with the level of ECA guarantees that have been available up until now, who can blame them? A balance is needed: the ECAs are there to support the OEMs, but they also want to reduce the level of support they provide. With production stepping up, there is already a gap forming. The ECAs would do well to support some secondary transactions as well (which has happened in the past) and encourage others to re-enter the space. Whilst the market remains so delicate, it is important for the ECAs to carry on supporting the OEMs, but we can’t avoid the fact that if older aircraft won’t sell then there will be a value gap. With relatively low margins available for newer aircraft for most buyers, the potential gains from trading secondary aircraft in the right market should attract more, but it doesn’t.

If this process evolves into a permanent solution then the industry will have a real problem as the value curve will be unable to support any long-term finance. Whilst the economical useful life may remain intact, the depreciation will look very different from five to six years onwards that it does today.”

Stuart-Menteh: “Lack of funds by itself will only affect a relatively small percentage of the used market. However a reduction in demand will have a far more pronounced affect across the board.”

Weal: “Yes, especially middle aged aircraft.”

Which aircraft saw the greatest recovery in 2011?

Dechavanne: “I would not classify any aircraft as having recovered in 2011. Many aircraft values and lease rates remained stable but I would not say that there were any particular types that recovered.”

De Jaeger: “The Boeing 737-800 has been relatively stable. It is the aircraft of choice in leasing or sales and leasebacks. On a percentage basis, we believe the 757 come back more significantly from its darkest days.”

Hatcher: “It is difficult to use the word ‘recovery’ in the current climate as values remain depressed. New aircraft pricing remains static, whilst older equipment has taken a bigger hit. If forced, I would have to say that the 777-300ER still attracts a great deal of interest and remains an asset that holds value well. The A380 has grabbed the intention from investors although the issue of interior reconfiguration costs and what the secondary market landscape will look like in 12-15 years still causes some concerns.”

Stuart-Menteh: “The A330-300 was particularly resilient to external shocks and has endeared itself to the industry. Demand for the type has continued to grow, especially in light of Airbus successfully differentiating the A330 from the A350 series.”

Weal: “The A330-300 high gross weight model, just edging out the 777-300ER.”

Which aircraft performed the worst in 2011?

Dechavanne: “Worst performers were the Airbus A340-300, the Boeing MD-11, the Bombardier CRJ100/200s, the Embraer ERJ-135/145s, and the Boeing 737-400/500s. All u



propensity for airlines to upsize means the 737-800 and A320 will continue to be favoured over their smaller brethren.”

Weal: “In terms of number of trades happening, yes, in terms of value, no.”

Do you see the second-hand market for widebodies improving this year?

Dechavanne: “I see a higher probability for the second-hand widebody market to stabilize this year. There should be some continued growth in passenger demand, which will also increase the demand for widebody aircraft to meet this requirement in the interim.”

De Jaeger: “The significant increase in planned deliveries of widebody aircraft in 2012-13 will temper the recovery in widebody aircraft used values.”

Hatcher: “With delays in most new build widebody aircraft like the 787 and A350, demand for interim lift remains high. Also, with freighter traffic looking up, demand for conversion candidates should fuel the secondary market activity. The market still remains down for those with too many engines. Values for the 747 and A340 models are still not doing well despite the fact that they have excellent operational capabilities. The market for the fuel-efficient long-range twins still remains dominant, and if the aircraft has the possibility of life as a freighter, then the better.”

Stuart-Menteh: “In light of maturing routes, continuing downward pressure on yields and increased competition, values for widebody aircraft are likely to be far more discriminatory. The 777-300ER will continue to act as a cost effective 747 replacement whilst the A330-300 will continue to permit operators to explore new routes relatively efficiently. I would expect widebody residuals to soften by as much as 5-8% during the course of the year as demand begins to falter and availability rises.”

Weal: “I don’t expect the second-hand market for widebodies improving much this year. It has already improved.”

of these aircraft saw reductions in value of about 25-30% throughout 2011.”

De Jaeger: “The MD-80 series especially now with the American Airlines’ bankruptcy. Close second, the ERJ-135/140/145 is quickly falling out of favour. The A340 is falling fast.”

Hatcher: “Airbus abandoning the A340 production line speaks volume of the aircraft poor performance and its difficulty in grabbing the attention of operators and financiers. On the narrowbody front, whilst the oldest aircraft were hit hardest two years ago, 2011 saw an increasing gap between the new deliveries and aircraft over five years of age.”

Stuart-Menteh: “Values for all older (out of production) four-engine widebody aircraft such as the 747-400 and A340-200/300 and -500/600 have, and will continue, to floundered as their future role becomes less certain.”

Do you see the second-hand market for narrowbodies improving this year?

Dechavanne: “No. As long as the cost to finance used aircraft remains high, values will be negatively affected. The increase in production rates from the OEMs will also not help.”

De Jaeger: “The challenging financing environment for new aircraft, and even more challenging environment for used aircraft, is not likely to support a recovery in the second-hand market in 2012.”

Hatcher: “The second-hand narrowbody market will remain as active as last year with hopefully some upturn by year-end. Third-tier operators and new entrants on the market are buying up some of the better second-hand deals because pricing has reached the “well why wouldn’t you” stage. With part-out companies turning to buying up more sub-10 years old aircraft that are now perceived as ancient, there are a number of the oldest A320s and later build Classics avoiding the scrap yard whilst green time is burnt off. The engine condition will be key though as with many CFM engines requiring increasingly more expensive shop visits to replace high pressure turbine blades, the adjusted values will grab the attention of the breakers.”

Stuart-Menteh: “Values for modern narrowbody aircraft are typically going to remain at or just below base values. I do not anticipate any particular model to excel however the

u



AIRLINER FINANCE DEALS ANNOUNCED IN 2008 WITH ANALYSIS BY OPERATOR/LESSOR

DEALS DATABASE 2011By customerAIRCRAFT FINANCE DEALS ANNOUNCED IN 2011

Customer Country Month Number

of aircraft

Aircraft model Engine type Deal structure

AAR Aircraft Sales & Leasing USA Mar 6 737-400 CFM56 Loan/Finance/RefinancedABX Air USA Feb 1 767-200SF CF6 Operating Lease - Sale and LeasebackABX Air USA Jun 2 767-200SF CF6 Operating Lease - Sale and LeasebackABX Air USA Jul 1 767-200SF CF6 Operating Lease - Sale and LeasebackAerCap Netherlands Feb 1 A330-320HGW PW4000 Loan/Finance/RefinancedAerCap Netherlands Feb 1 A330-340HGW Trent Loan/Finance/RefinancedAerCap Netherlands May 2 A330-340HGW Trent ECAAerCap Netherlands Jun 2 A320-230 V2500 Loan/Finance/RefinancedAerCap Netherlands Jul 1 A319-130 V2500 Loan/Finance/RefinancedAerCap Netherlands Jul 1 A330-340HGW Trent ECAAerCap Netherlands Aug 1 A320-230 V2500 Loan/Finance/RefinancedAerCap Netherlands Aug 1 737-800 Winglets CFM56 Loan/Finance/RefinancedAerCap Netherlands Sep 1 A320-230 V2500 Loan/Finance/RefinancedAerCap Netherlands Oct 7 737-800 Winglets CFM56 Loan/Finance/RefinancedAerDragon Aviation Partners China Mar 1 A320-230 V2500 ECAAerDragon Aviation Partners China Apr 2 737-800 Winglets CFM56 ECAAerDragon Aviation Partners China Nov 1 A320-230 V2500 ECAAergo Capital Ireland Jan 1 737-300 CFM56 Loan/Finance/RefinancedAeroflot Russian Airlines Russia Feb 3 A330-340HGW Trent ECA|Finance LeaseAeroflot Russian Airlines Russia Sep 1 A321-210 CFM56 Finance LeaseAeroflot Russian Airlines Russia Oct 3 A330-340HGW Trent Operating Lease - Sale and LeasebackAeroflot Russian Airlines Russia Nov 1 A330-340HGW Trent Operating Lease - Sale and LeasebackAeroLogic Germany Sep 1 777-200LRF GE90 Tax LeaseAeromexico Mexico Feb 10 190LR CF34 Loan/Finance/RefinancedAerSale USA Apr 7 737-400 CFM56 Loan/Finance/RefinancedAerSale USA Apr 3 747-400 CF6 Loan/Finance/RefinancedAerSale USA Nov 1 737-300 CFM56 Loan/Finance/RefinancedAerSale USA Dec 1 A320-210 CFM56 Loan/Finance/RefinancedAerSale USA Dec 4 757-200SF RB211 Loan/Finance/RefinancedAir Arabia UAE Jan 2 A320-210 CFM56 Finance LeaseAir Arabia UAE Aug 2 A320-210 CFM56 Finance LeaseAir Caraibes Guadeloupe Nov 1 A330-320HGW PW4000 Finance LeaseAir China China Jan 2 A320-210 CFM56 ECAAir China China Jan 1 A320-230 V2500 ECAAir China China Jan 1 A321-230 V2500 ECAAir China China Feb 2 A320-210 CFM56 Tax LeaseAir China China Feb 2 A321-230 V2500 Tax LeaseAir China China Jun 3 777-300ER GE90 ECAAir China China Dec 4 777-300ER GE90 ECAAir France France Jan 1 A318-110 CFM56 Finance LeaseAir France France Jan 1 A318-110 CFM56 Tax LeaseAir France France Feb 1 A318-110 CFM56 Tax LeaseAir France France Feb 2 A320-210 CFM56 Operating Lease - Sale and LeasebackAir France France Feb 2 777-300ER GE90 Operating Lease - Sale and LeasebackAir France France Apr 4 A320-210 CFM56 Operating Lease - Sale and LeasebackAir France France Apr 1 777-300ER GE90 Finance Lease



AIRCRAFT FINANCE DEALS ANNOUNCED IN 2011


of aircraft


Air France France Apr 1 777-300ER GE90 Tax LeaseAir France France Jun 1 A380-860 GP7200 ECAAir France France Jun 1 A380-860 GP7200 Loan/Finance/RefinancedAir France France Jun 1 A380-860 GP7200 Tax LeaseAir France France Jul 1 A340-310 CFM56 Operating Lease - Sale and LeasebackAir France France Aug 1 A380-860 GP7200 Finance LeaseAir France France Nov 1 A321-210 CFM56 Operating Lease - Sale and LeasebackAir Greenland Greenland Sep 1 A330-220 PW4000 Loan/Finance/RefinancedAir India India Jan 9 A319-110 CFM56 Loan/Finance/RefinancedAir India India Jan 4 A320-210 CFM56 Loan/Finance/RefinancedAir India India Jan 8 A321-210 CFM56 Loan/Finance/RefinancedAir India India Jan 3 777-300ER GE90 ECAAir India India Nov 7 787-8 GEnx Pre Delivery PaymentAir Lease Corporation USA Feb 1 A320-230 V2500 Loan/Finance/RefinancedAir Lease Corporation USA Feb 1 737-700 Winglets CFM56 Loan/Finance/RefinancedAir Lease Corporation USA Mar 1 777-300ER GE90 Loan/Finance/RefinancedAir Lease Corporation USA Apr 3 A330-200 CF6 Loan/Finance/RefinancedAir Lease Corporation USA Apr 3 737-800 Winglets CFM56 Loan/Finance/RefinancedAir Lease Corporation USA Oct 1 737-800 Winglets CFM56 Loan/Finance/RefinancedAir Lease Corporation USA Dec 1 777-200ER GE90 Loan/Finance/RefinancedAir Lease Corporation USA Dec 1 A330-220 PW4000 Loan/Finance/RefinancedAir New Zealand New Zealand Jan 1 777-300ER GE90 Operating Lease - Sale and LeasebackAir New Zealand New Zealand Feb 1 777-300ER GE90 Operating Lease - Sale and LeasebackAir New Zealand New Zealand Mar 1 777-300ER GE90 Operating Lease - Sale and LeasebackAir New Zealand New Zealand Mar 1 777-300ER GE90 Tax LeaseAir New Zealand New Zealand Nov 1 777-300ER GE90 Tax LeaseAir Niugini Papua New Guinea Jan 2 Q400 NextGen PW100 Finance LeaseAir Nostrum Spain Aug 3 CRJ 1000ER NextGen CF34 Tax LeaseAir Nostrum Spain Dec 1 CRJ 1000ER NextGen CF34 Finance LeaseAirAsia Malaysia Feb 2 A320-210 CFM56 Finance LeaseAirAsia Malaysia Feb 1 A320-210 CFM56 Operating Lease - Sale and Leaseback

AirAsia Malaysia Jul 2 A320-210 CFM56 Loan/Finance/RefinancedAirAsia Malaysia Aug 6 A320-210 CFM56 Operating Lease - Sale and LeasebackAirAsia Malaysia Nov 1 A320-210 CFM56 Operating Lease - Sale and Leasebackairberlin Austria Feb 2 A320-210 CFM56 Operating Lease - Sale and Leasebackairberlin Germany Feb 1 A320-210 CFM56 Operating Lease - Sale and Leasebackairberlin Germany Oct 2 737-800 Winglets CFM56 Operating Lease - Sale and Leasebackairberlin Germany Nov 1 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackAircastle Advisor USA Dec 2 MD-11F CF6 Loan/Finance/RefinancedAircraft & Engine Support USA Mar 1 737-300 CFM56 Loan/Finance/RefinancedAircraft Purchase Fleet Ireland Jun 1 A319-110 CFM56 Loan/Finance/RefinancedAirfinancial Management Cyprus Mar 1 A320-230 V2500 Loan/Finance/RefinancedAirlink - SA Airlink South Africa May 1 ERJ-135LR AE 3007 Loan/Finance/RefinancedAK Bars Aero Russia Feb 2 CRJ 200ER CF34 Operating Lease - Sale and LeasebackALAFCO & Novus Aviation Kuwait Jun 1 A330-240 Trent Loan/Finance/RefinancedALAFCO & Novus Aviation Kuwait Oct 1 A319-110 CFM56 Loan/Finance/RefinancedAldus Aviation Ireland Sep 1 190LR CF34 ECAAldus Aviation Ireland Sep 2 195AR CF34 ECAAlitalia Italy Feb 2 A320-210 CFM56 Operating Lease - Sale and LeasebackAlitalia Italy Jul 2 A320-210 CFM56 Finance LeaseAlitalia Italy Jul 4 777-200ER GE90 Finance LeaseAlitalia Italy Sep 1 A330-200 CF6 Operating Lease - Sale and LeasebackAlitalia Italy Sep 10 175ST CF34 Operating Lease - Sale and Leaseback





of aircraft


Allegiant Air USA Mar 4 MD-82 JT8D Loan/Finance/RefinancedAllegiant Air USA Mar 46 MD-83 JT8D Loan/Finance/RefinancedAllegiant Air USA Mar 4 MD-87 JT8D Loan/Finance/RefinancedAllegiant Air USA Mar 4 MD-88 JT8D Loan/Finance/RefinancedAllegiant Air USA Mar 1 757-200 RB211 Loan/Finance/RefinancedAllegiant Air USA Mar 2 757-200 Winglets RB211 Loan/Finance/RefinancedAmerican Airlines USA Jan 15 737-800 Winglets CFM56 EETC/ETC/PTCAmerican Airlines USA Jan 6 757-200 Winglets RB211 EETC/ETC/PTCAmerican Airlines USA Jan 2 767-300ER CF6 EETC/ETC/PTCAmerican Airlines USA Jan 7 777-200ER Trent EETC/ETC/PTCAmerican Airlines USA Feb 3 777-200ER Trent Operating Lease - Sale and LeasebackAmerican Airlines USA May 2 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackAmerican Airlines USA Jul 23 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackAmerican Airlines USA Sep 16 737-800 Winglets CFM56 EETC/ETC/PTCAmerican Airlines USA Sep 14 757-200 Winglets RB211 EETC/ETC/PTCAmerican Airlines USA Sep 13 777-200ER Trent EETC/ETC/PTCAmerican Airlines USA Nov 3 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackAmerican Eagle Airlines USA Aug 25 CRJ 701ER CF34 Operating Lease - Sale and LeasebackAmerican Eagle Airlines USA Aug 22 CRJ 702ER NextGen CF34 Operating Lease - Sale and LeasebackAmerican Eagle Airlines USA Aug 2 ERJ-135ER AE 3007 Operating Lease - Sale and LeasebackAmerican Eagle Airlines USA Aug 37 ERJ-135LR AE 3007 Operating Lease - Sale and LeasebackAmerican Eagle Airlines USA Aug 59 ERJ-140LR AE 3007 Operating Lease - Sale and LeasebackAmerican Eagle Airlines USA Aug 118 ERJ-145LR AE 3007 Operating Lease - Sale and LeasebackANA - All Nippon Airways Japan Jan 2 767 300ER Winglets CF6 Finance LeaseANA - All Nippon Airways Japan Aug 1 767 300ER Winglets CF6 Finance LeaseANA - All Nippon Airways Japan Sep 11 787-8 Trent Loan/Finance/RefinancedArchway Aviation United Kingdom Jan 3 A320-230 V2500 Loan/Finance/RefinancedArmavia Armenia Apr 2 Superjet 100-95LR SaM-146 Operating Lease - Sale and LeasebackArmavia Armavia Aug 1 737-500 CFM56 Operating Lease - Sale and LeasebackASL Aviation Group Ireland Dec 2 737-800 Winglets CFM56 Loan/Finance/RefinancedAtlas Air USA Oct 1 747-8F GEnx ECAAurigny Air Services United Kingdom Feb 1 ATR 72-200 PW100 Loan/Finance/RefinancedAvation Singapore May 4 ATR 72-500 PW100 Loan/Finance/RefinancedAvation Singapore May 4 ATR 72-600 PW100 Loan/Finance/RefinancedAvianca Colombia Jul 2 A320-210 CFM56 Operating Lease - Sale and LeasebackAvianca Colombia Aug 1 A330-240 Trent Operating Lease - Sale and LeasebackAvianca Colombia Sep 1 A319-110 CFM56 ECAAvianca Colombia Sep 4 A320-210 CFM56 ECAAvianca Colombia Oct 2 A320-210 CFM56 Loan/Finance/RefinancedAvianca|TACA International Airlines Colombia|El Salvador Feb 2 A320-230 V2500 Operating Lease - Sale and LeasebackAvianca|TACA International Airlines Colombia|El Salvador Feb 2 A330-240 Trent Operating Lease - Sale and LeasebackAviation Capital Group USA Dec 1 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackAvolon Aerospace Leasing Ireland Feb 1 777-300ER GE90 Loan/Finance/RefinancedAvolon Aerospace Leasing Ireland Mar 1 A320-230 V2500 Loan/Finance/RefinancedAvolon Aerospace Leasing Ireland May 1 A320-230 V2500 Loan/Finance/RefinancedAvolon Aerospace Leasing Ireland Jun 2 A320-210 CFM56 ECAAvolon Aerospace Leasing Ireland Jul 5 A320-210 CFM56 Loan/Finance/RefinancedAvolon Aerospace Leasing Ireland Dec 1 A330-240 Trent Loan/Finance/RefinancedAWAS Ireland Jan 1 A320-210 CFM56 Loan/Finance/RefinancedAWAS Ireland Mar 1 A320-210 CFM56 ECAAWAS Ireland Mar 1 A320-210 CFM56 Loan/Finance/RefinancedAWAS Ireland Mar 1 A330-240 Trent ECAAWAS Ireland Apr 1 737-800 Winglets CFM56 Loan/Finance/Refinanced





of aircraft


AWAS Ireland May 3 737-800 Winglets CFM56 Loan/Finance/RefinancedAWAS Ireland Jun 1 A320-210 CFM56 Loan/Finance/RefinancedAWAS Ireland Jul 1 737-300 CFM56 Loan/Finance/RefinancedAWAS Ireland Jul 2 737-800 Winglets CFM56 Finance LeaseAWAS Ireland Aug 1 A320-230 V2500 ECAAWAS Ireland Aug 1 A330-200 CF6 Loan/Finance/RefinancedAWAS Ireland Aug 1 737-800 Winglets CFM56 Loan/Finance/RefinancedAWAS Ireland Dec 1 A320-230 V2500 Loan/Finance/RefinancedAWAS Ireland Dec 6 737-800 Winglets CFM56 Pre Delivery PaymentAzul Brazil Jan 2 195AR CF34 Loan/Finance/RefinancedAzul Brazil Sep 10 ATR 72-600 PW100 ECAAzul Brazil Nov 2 195AR CF34 Operating Lease - Sale and LeasebackAzul Brazil Dec 5 195AR CF34 Operating Lease - Sale and LeasebackBBAM USA Mar 2 767-300 CF6 Loan/Finance/RefinancedBBAM USA Mar 1 767-300ER PW4000 Loan/Finance/RefinancedBiman Bangladesh Airlines Bangladesh Aug 2 777-300ER GE90 ECABiman Bangladesh Airlines Bangladesh Oct 2 777-300ER GE90 Loan/Finance/RefinancedBOC Aviation Singapore Jan 2 737-700 Winglets CFM56 Loan/Finance/RefinancedBOC Aviation Singapore Apr 3 A320-210 CFM56 Loan/Finance/RefinancedBOC Aviation Singapore Jun 3 737-700 Winglets CFM56 Loan/Finance/RefinancedBOC Aviation Singapore Jun 6 737-800 Winglets CFM56 ECABOC Aviation Singapore Sep 1 747-400F CF6 Loan/Finance/RefinancedBOC Aviation Singapore Nov 1 A330-340HGW Trent Loan/Finance/RefinancedBOC Aviation Singapore Dec 2 737-700 Winglets CFM56 Loan/Finance/RefinancedBritish Airways United Kingdom Sep 2 A320-230 V2500 Tax LeaseBritish Airways British Airways Nov 1 777-300ER GE90 Operating Lease - Sale and LeasebackCapital Mgnt & Novus Aviation/Muzun Multi-National (Middle East) Jan 1 777-200ER Trent Loan/Finance/RefinancedCargo Aircraft Management USA Apr 1 757-200 Winglets PW2000 Loan/Finance/RefinancedCargo Aircraft Management USA Apr 1 757-200SF PW2000 Loan/Finance/RefinancedCargo Aircraft Management USA Apr 1 767-200ERSF CF6 Loan/Finance/RefinancedCargo Aircraft Management USA Jul 1 767-200SF CF6 Loan/Finance/RefinancedCargolux Luxembourg Mar 1 747-400F RB211 Loan/Finance/RefinancedCargolux Luxembourg Aug 1 747-8F GEnx ECACargolux Luxembourg Aug 2 747-8F GEnx Loan/Finance/RefinancedCargolux Luxembourg Sep 3 747-8F GEnx ECACargolux Luxembourg Oct 3 747-8F GEnx ECACathay Pacific Hong Kong Feb 5 A330-340 Trent Operating Lease - Sale and LeasebackCathay Pacific Hong Kong Feb 1 A330-340HGW Trent Operating Lease - Sale and LeasebackCathay Pacific Hong Kong Mar 2 777-300ER GE90 Operating Lease - Sale and LeasebackCDB China Jun 2 A320-210 CFM56 Loan/Finance/RefinancedCDB China Jun 3 737-800 Winglets CFM56 Loan/Finance/RefinancedCDB China Dec 4 A319-110 CFM56 Loan/Finance/RefinancedCDB China Dec 2 A320-210 CFM56 Loan/Finance/RefinancedCebu Pacific Air Philippines Sep 1 A320-210 CFM56 Finance LeaseChina Aircraft Leasing (HK) Co. Hong Kong Jan 1 A320-210 CFM56 ECAChina Eastern Airlines China Mar 3 A320-210 CFM56 ECA|Tax LeaseChina Eastern Airlines China Apr 1 A320-210 CFM56 Loan/Finance/Refinanced|Tax Lease|ECAChina Eastern Airlines China Apr 1 A330-240 Trent Loan/Finance/Refinanced|Tax Lease|ECAChina Eastern Airlines China May 2 A320-210 CFM56 Tax LeaseChina Eastern Airlines China Jun 1 A321-230 V2500 Operating Lease - Sale and LeasebackChina Eastern Airlines China Jun 1 737-700 Winglets CFM56 Operating Lease - Sale and LeasebackChina Eastern Airlines China Sep 1 A320-210 CFM56 Finance LeaseChina Postal Airlines China Mar 1 737-300SF CFM56 Finance Lease





of aircraft


China Southern Airlines China Jan 3 A320-230 V2500 ECA|Tax LeaseChina Southern Airlines China Jan 1 A330-220 PW4000 Tax Lease|ECAChina Southern Airlines China Apr 1 A320-210 CFM56 Loan/Finance/RefinancedChina Southern Airlines China Apr 1 A320-230 V2500 Tax Lease|ECAChina Southern Airlines China Apr 1 A330-220 PW4000 Tax Lease|ECAChina Southern Airlines China Apr 2 A380-840 Trent Loan/Finance/RefinancedChina Southern Airlines China May 1 737-800 Winglets CFM56 Finance LeaseChina Southern Airlines China Aug 1 A320-230 V2500 Operating Lease - Sale and LeasebackChina Southern Airlines China Nov 1 A380-840 Trent ECACIAF-Leasing Egypt Oct 1 737-800 Winglets CFM56 Loan/Finance/RefinancedCIT Aerospace USA Mar 2 A319-110 CFM56 Loan/Finance/RefinancedCIT Aerospace USA Mar 1 A320-210 CFM56 Loan/Finance/RefinancedCIT Aerospace USA Mar 3 A320-230 V2500 Loan/Finance/RefinancedCIT Aerospace USA Mar 2 737-700 CFM56 Loan/Finance/RefinancedCIT Aerospace USA Mar 1 737-700 Winglets CFM56 Loan/Finance/RefinancedCIT Aerospace USA Mar 3 737-800 Winglets CFM56 Loan/Finance/RefinancedCIT Aerospace USA Mar 3 757-200 PW2000 Loan/Finance/RefinancedCIT Aerospace USA Mar 1 757-200 Winglets RB211 Loan/Finance/RefinancedCIT Aerospace USA Oct 3 A319-110 CFM56 Loan/Finance/RefinancedCIT Aerospace USA Oct 1 A320-210 CFM56 Loan/Finance/RefinancedCIT Aerospace USA Oct 4 A320-230 V2500 Loan/Finance/RefinancedCIT Aerospace USA Oct 2 737-700 CFM56 Loan/Finance/RefinancedCIT Aerospace USA Oct 1 737-700 Winglets CFM56 Loan/Finance/RefinancedCIT Aerospace USA Oct 3 737-800 Winglets CFM56 Loan/Finance/RefinancedCIT Aerospace USA Oct 3 757-200 PW2000 Loan/Finance/RefinancedCIT Aerospace USA Oct 1 757-200 Winglets RB211 Loan/Finance/RefinancedComair South Africa Feb 1 737-400 CFM56 Loan/Finance/RefinancedComair South Africa Mar 4 737-800 Winglets CFM56 ECACompass Capital Corp USA May 3 Dash 8-300 PW100 Loan/Finance/RefinancedContinental Airlines USA Aug 1 737-800 Winglets CFM56 Loan/Finance/RefinancedCopa Airlines Panama Apr 5 737-800 Winglets CFM56 ECACSA Czech Airlines Czech Republic May 1 A319-110 CFM56 Finance LeaseCSI Aviation Services USA Feb 1 MD-83 JT8D Loan/Finance/RefinancedDAE Capital UAE Aug 1 777-200LRF GE90 Loan/Finance/RefinancedDelta Air Lines USA Mar 6 757-200 Winglets PW2000 Loan/Finance/RefinancedDelta Air Lines USA Oct 10 737-800 Winglets CFM56 EETC/ETC/PTCDelta Air Lines USA Oct 5 757-200 PW2000 EETC/ETC/PTCDelta Air Lines USA Oct 6 757-200 Winglets PW2000 EETC/ETC/PTCDelta Air Lines USA Oct 1 767-300ER CF6 EETC/ETC/PTCDelta Air Lines USA Oct 3 767 300ER Winglets CF6 EETC/ETC/PTCDeucalion Aviation Funds Germany Feb 2 A330-240 Trent Loan/Finance/RefinancedDeucalion Aviation Funds Germany Feb 5 A330-340 Trent Loan/Finance/RefinancedDeucalion Aviation Funds Germany Feb 1 A330-340HGW Trent Loan/Finance/RefinancedDeucalion Aviation Funds Germany Jun 2 A321-230 V2500 Loan/Finance/RefinancedDeucalion Aviation Funds Germany Jun 1 747-400 CF6 Loan/Finance/RefinancedDeucalion Aviation Funds Germany Jun 1 747-400SF CF6 Loan/Finance/RefinancedDeucalion Aviation Funds Germany Aug 1 747-400D CF6 Loan/Finance/RefinancedDeucalion Aviation Funds Germany Dec 1 737-800 Winglets CFM56 Loan/Finance/RefinancedDniproavia Ukraine Jan 10 190ST CF34 Operating Lease - Sale and LeasebackDynamic Aviation Group USA Jan 3 767-200 JT9D Loan/Finance/RefinancedDynamic Aviation Group USA Feb 2 Dash 8-200 PW100 Loan/Finance/RefinancedDynamic Aviation Group USA Oct 3 Dash 8-300 PW100 Loan/Finance/RefinancedDynamic Aviation Group USA Dec 1 Dash 8-300 PW100 Loan/Finance/Refinanced

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of aircraft


Eastok Aviation UAE Jul 1 A320-230 V2500 Loan/Finance/RefinancedEasyJet United Kingdom Jan 3 A320-210 CFM56 Finance LeaseEasyJet United Kingdom Mar 2 A319-110 CFM56 Operating Lease - Sale and LeasebackEgyptair Egypt Nov 3 A330-340HGW Trent ECAEmirates Airline UAE Feb 4 777-200ER Trent Operating Lease - Sale and LeasebackEmirates Airline UAE Mar 5 A380-860 GP7200 Finance LeaseEmirates Airline UAE Apr 1 777-300ER GE90 Loan/Finance/RefinancedEmirates Airline UAE May 2 A380-860 GP7200 Finance LeaseEmirates Airline UAE May 1 777-300ER GE90 Finance LeaseEmirates Airline UAE May 3 777-300ER GE90 Operating Lease - Sale and LeasebackEmirates Airline UAE Jul 1 777-300ER GE90 Finance LeaseEmirates Airline UAE Jul 2 777-300ER GE90 Operating Lease - Sale and LeasebackEmirates Airline UAE Aug 1 777-200ER Trent Operating Lease - Sale and LeasebackEmirates Airline UAE Sep 2 A380-860 GP7200 ECAEmirates Airline UAE Oct 2 A380-860 GP7200 Pre Delivery PaymentEmirates Airline UAE Oct 1 777-300ER GE90 Pre Delivery PaymentEmirates Airline UAE Nov 2 777-300ER GE90 Finance LeaseERA Aviation USA Mar 1 Dash 8-100 PW100 Loan/Finance/RefinancedERA Aviation USA Dec 1 Dash 8-100 PW100 Operating Lease - Sale and LeasebackEstonian Air Estonia Jan 3 CRJ 900ER NextGen CF34 Loan/Finance/RefinancedEthiopian Airlines Ethiopia Jul 10 787-8 GEnx ECAEthiopian Airlines Ethiopia Oct 5 737-800 Winglets CFM56 ECAEthiopian Airlines Ethiopia Oct 5 737-800 Winglets CFM56 Loan/Finance/RefinancedEtihad Airways UAE Aug 1 A330-340HGW Trent ECAEVA Air Taiwan Dec 2 MD-11F CF6 Operating Lease - Sale and LeasebackExpressJet Airlines USA Jun 10 CRJ 200ER CF34 Loan/Finance/RefinancedFarnair Switzerland Switzerland Feb 2 ATR 42-300F PW100 Operating Lease - Sale and LeasebackFarnair Switzerland Switzerland Feb 1 ATR 72-200F PW100 Operating Lease - Sale and LeasebackFLY Leasing Ireland Feb 2 737-800 Winglets CFM56 Loan/Finance/RefinancedFly540 Kenya Jul 1 ATR 72-500 PW100 ECAFlybe United Kingdom Nov 20 175ST CF34 Loan/Finance/RefinancedFlybe Nordic Finland May 1 ATR 72-500 PW100 Loan/Finance/RefinancedFlybe Nordic Finland Sep 3 ATR 72-500 PW100 Operating Lease - Sale and LeasebackFlyDubai UAE Nov 3 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackFrontier Airlines USA Apr 2 A318-110 CFM56 Operating Lease - Sale and LeasebackFrontier Airlines USA Jul 2 A318-110 CFM56 Operating Lease - Sale and LeasebackGaruda Indonesia Indonesia Jan 6 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackGaruda Indonesia Indonesia Aug 1 737-800 Winglets CFM56 Tax LeaseGECAS USA Apr 1 A320-210 CFM56 ECAGECAS USA Apr 4 737-800 Winglets CFM56 Loan/Finance/RefinancedGenesis Custom Jetliners USA Aug 1 MD-87 JT8D Loan/Finance/RefinancedGlobal Knafaim Leasing Israel Dec 1 A319-130 V2500 Loan/Finance/RefinancedGoAir India Jul 2 A320-210 CFM56 Operating Lease - Sale and LeasebackGerman Operating Aircraft Leasing Germany May 1 195LR CF34 Loan/Finance/RefinancedGOL Linhas Aereas Brazil Mar 5 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackGraviation Flugvermietungsgellschaft Germany Jun 1 CRJ 100ER CF34 Loan/Finance/RefinancedGraviation Flugvermietungsgellschaft Germany Jun 1 CRJ 100LR CF34 Loan/Finance/RefinancedGuggenheim Aviation Partners USA Mar 2 A330-200 CF6 Loan/Finance/RefinancedGuggenheim Aviation Partners USA Jun 3 777-200ER Trent Loan/Finance/RefinancedGuggenheim Aviation Partners USA Jul 3 777-200LRF GE90 Loan/Finance/RefinancedGuggenheim Aviation Partners USA Sep 1 777-200LRF GE90 Loan/Finance/RefinancedGuggenheim Aviation Partners USA Dec 2 A330-300HGW CF6 Loan/Finance/RefinancedGulf Air Bahrain Aug 4 A320-210 CFM56 Operating Lease - Sale and Leaseback





of aircraft


Hainan Airlines China Mar 3 190LR CF34 ECAHawaiian Airlines USA Jan 2 A330-240 Trent Loan/Finance/RefinancedHawaiian Airlines USA Apr 2 A330-240 Trent Loan/Finance/RefinancedHawaiian Airlines USA Jun 15 717-200 BR700 Loan/Finance/RefinancedHawaiian Airlines USA Sep 2 A330-240 Trent Loan/Finance/RefinancedHawaiian Airlines USA Sep 3 A330-240 Trent Operating Lease - Sale and LeasebackHebei Airlines China Dec 2 737-700 CFM56 Operating Lease - Sale and LeasebackHong Kong Aviation Capital Hong Kong Mar 5 A320-230 V2500 Loan/Finance/RefinancedHorizon Air USA Jul 5 Q400 NextGen PW100 Loan/Finance/RefinancedIbex Airlines Japan Jul 2 CRJ 702ER NextGen CF34 Operating Lease - Sale and LeasebackICBC Leasing China Jun 1 A320-210 CFM56 Loan/Finance/RefinancedICBC Leasing China Jun 1 737-800 Winglets CFM56 Loan/Finance/RefinancedICBC Leasing China Dec 2 A320-210 CFM56 Loan/Finance/RefinancedILFC USA Jun 1 767-300ER CF6 Loan/Finance/RefinancedIndiGo India Jan 2 A320-230 V2500 Operating Lease - Sale and LeasebackIndiGo India Mar 2 A320-230 V2500 Operating Lease - Sale and LeasebackIndiGo India Oct 3 A320-230 V2500 Operating Lease - Sale and LeasebackIndiGo India Nov 3 A320-230 V2500 Operating Lease - Sale and LeasebackIndiGo India Dec 5 A320-230 V2500 Operating Lease - Sale and LeasebackIndonesia AirAsia Indonesia Oct 5 A320-210 CFM56 Finance LeaseInterjet Mexico Jun 2 A320-210 CFM56 ECAIntrepid Aviation Group USA Sep 1 A330-200 CF6 Loan/Finance/RefinancedIntrepid Aviation Group USA Nov 2 A320-230 V2500 Loan/Finance/RefinancedInvestec Global Aircraft Fund Australia Mar 1 737-800 Winglets CFM56 Loan/Finance/RefinancedJackson Square Aviation USA Feb 1 777-300ER GE90 Loan/Finance/RefinancedJackson Square Aviation USA Mar 2 737-800 Winglets CFM56 Loan/Finance/RefinancedJackson Square Aviation USA May 1 737-800 Winglets CFM56 Loan/Finance/RefinancedJackson Square Aviation USA Jun 1 A320-230 V2500 Loan/Finance/RefinancedJackson Square Aviation USA Jun 2 A330-320HGW PW4000 Loan/Finance/RefinancedJackson Square Aviation USA Jun 2 737-800 Winglets CFM56 Loan/Finance/RefinancedJackson Square Aviation USA Jun 1 777-300ER GE90 Loan/Finance/RefinancedJackson Square Aviation USA Jul 1 A320-210 CFM56 Loan/Finance/RefinancedJackson Square Aviation USA Jul 1 A320-230 V2500 Loan/Finance/RefinancedJackson Square Aviation USA Jul 1 737-800 Winglets CFM56 Loan/Finance/RefinancedJackson Square Aviation USA Aug 2 A320-210 CFM56 Loan/Finance/RefinancedJackson Square Aviation USA Sep 1 A320-210 CFM56 Loan/Finance/RefinancedJackson Square Aviation USA Sep 1 A320-230 V2500 Loan/Finance/RefinancedJackson Square Aviation USA Sep 5 737-800 Winglets CFM56 Loan/Finance/RefinancedJackson Square Aviation USA Sep 1 737-900ER CFM56 Loan/Finance/RefinancedJackson Square Aviation USA Sep 1 777-300ER GE90 Loan/Finance/RefinancedJackson Square Aviation USA Oct 3 A320-210 CFM56 Loan/Finance/RefinancedJackson Square Aviation USA Oct 1 A320-230 V2500 Loan/Finance/RefinancedJackson Square Aviation USA Oct 1 A321-230 V2500 Loan/Finance/RefinancedJackson Square Aviation USA Oct 4 737-800 Winglets CFM56 Loan/Finance/RefinancedJackson Square Aviation USA Oct 1 737-900ER CFM56 Loan/Finance/RefinancedJackson Square Aviation USA Oct 1 777-300ER GE90 Loan/Finance/RefinancedJackson Square Aviation USA Dec 1 A320-210 CFM56 Loan/Finance/RefinancedJackson Square Aviation USA Dec 1 A321-230 V2500 Loan/Finance/RefinancedJapan Airlines Japan Apr 2 737-800 Winglets CFM56 Loan/Finance/RefinancedJapan Airlines Japan Jun 1 737-800 Winglets CFM56 Loan/Finance/RefinancedJapan Airlines Japan Jun 4 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackJazeera Airways Kuwait Oct 3 A320-210 CFM56 Loan/Finance/RefinancedJetBlue Airways USA Jan 1 A320-230 V2500 Loan/Finance/Refinanced





of aircraft


JetBlue Airways USA Mar 1 A320-230 V2500 Loan/Finance/RefinancedJetBlue Airways USA Mar 1 190AR CF34 Loan/Finance/RefinancedJetBlue Airways USA Apr 1 A320-230 V2500 Loan/Finance/RefinancedJetBlue Airways USA May 1 190AR CF34 Loan/Finance/RefinancedJetBlue Airways USA Jul 1 190AR CF34 Loan/Finance/RefinancedJetBlue Airways USA Sep 1 190AR CF34 Loan/Finance/RefinancedJetBlue Airways USA Oct 1 A320-230 V2500 Loan/Finance/RefinancedJetBlue Airways USA Nov 1 190AR CF34 Loan/Finance/RefinancedJetran International USA Jul 2 MD-83 JT8D Loan/Finance/RefinancedJetscape USA Jan 1 190AR CF34 Loan/Finance/RefinancedJetscape USA May 1 190LR CF34 Loan/Finance/RefinancedJuneyao Airlines China Jun 1 A320-210 CFM56 ECAKalitta Air USA Nov 1 747-400ERF CF6 Loan/Finance/RefinancedKLM Royal Dutch Airlines Netherlands Feb 1 777-300ER GE90 ECAKLM Royal Dutch Airlines Netherlands Aug 2 737-700 Winglets CFM56 Tax LeaseKLM Royal Dutch Airlines Netherlands Aug 2 190ST CF34 Tax LeaseKLM Royal Dutch Airlines Netherlands Oct 2 190ST CF34 Tax LeaseKLM Royal Dutch Airlines Netherlands Dec 3 737-700 Winglets CFM56 Tax LeaseKorean Air South Korea Feb 2 A330-220 PW4000 Finance LeaseKorean Air South Korea Mar 2 737-900ER CFM56 Loan/Finance/Refinanced|Finance LeaseKorean Air South Korea Apr 5 A380-860 GP7200 ECAKorean Air South Korea Apr 2 747-8F GEnx ECAKorean Air South Korea May 3 777-300ER GE90 ECAKorean Air South Korea May 3 777-300ER GE90 Loan/Finance/RefinancedKorean Air South Korea Dec 2 777-200LRF GE90 ECAKorean Air South Korea Dec 1 777-300ER GE90 ECAKV Aviation Australia Jun 1 A321-110 CFM56 Loan/Finance/RefinancedKV Aviation Australia Oct 1 767-300ER CF6 Loan/Finance/RefinancedKV Aviation Australia Dec 2 737-400 CFM56 Loan/Finance/RefinancedLAN Airlines Chile Jan 3 A319-130 V2500 Finance LeaseLAN Airlines Chile Jan 4 A320-230 V2500 Finance LeaseLAN Airlines Chile Jun 3 A320-210 CFM56 Operating Lease - Sale and LeasebackLAN Airlines Chile Sep 1 A320-210 CFM56 Operating Lease - Sale and LeasebackLAN Airlines Chile Sep 1 767 300ER Winglets CF6 ECALAN Airlines Chile Oct 2 A319-110 CFM56 ECALAN Airlines Chile Oct 1 A319-110 CFM56 Finance LeaseLAN Airlines Chile Oct 4 A320-210 CFM56 ECALAN Airlines Chile Oct 4 A320-210 CFM56 Finance LeaseLao Airlines Laos Oct 2 A320-210 CFM56 Loan/Finance/RefinancedLighthouse Aviation Denmark May 2 CRJ 701 CF34 Loan/Finance/RefinancedLion Air Indonesia Jan 6 ATR 72-500 PW100 ECALion Air Indonesia Jan 1 737-900ER CFM56 ECALion Air Indonesia Feb 5 ATR 72-500 PW100 ECALion Air Indonesia Feb 10 ATR 72-600 PW100 ECALion Air Indonesia Feb 2 737-900ER CFM56 Finance LeaseLion Air Indonesia Feb 2 737-900ER CFM56 Loan/Finance/RefinancedLion Air Indonesia Mar 2 737-900ER CFM56 Loan/Finance/RefinancedLion Air Indonesia Apr 1 737-900ER CFM56 ECALion Air Indonesia Oct 1 737-900ER CFM56 Operating Lease - Sale and LeasebackLufthansa Germany Jun 1 A380-840 Trent Tax LeaseLufthansa Germany Dec 1 A321-230 V2500 Tax LeaseMalaysia Airlines Malaysia Feb 1 737-800 Winglets CFM56 Tax LeaseMalaysia Airlines Malaysia Mar 2 A330-320HGW PW4000 Operating Lease - Sale and Leaseback





of aircraft


Malaysia Airlines Malaysia Apr 2 A330-320HGW PW4000 Operating Lease - Sale and LeasebackMalaysia Airlines Malaysia Apr 1 737-800 Winglets CFM56 Tax LeaseMalaysia Airlines Malaysia Aug 1 A330-320HGW PW4000 Tax LeaseMartinair Netherlands May 1 MD-11CF PW4000 Loan/Finance/RefinancedMesa Airlines USA Jul 1 CRJ 200LR CF34 Loan/Finance/RefinancedMesa Airlines USA Aug 1 CRJ 200LR CF34 Loan/Finance/RefinancedMiddle East Airlines Lebanon May 1 A320-230 V2500 Loan/Finance/RefinancedMihin Lanka Sri Lanka Jun 1 A321-230 V2500 Operating Lease - Sale and LeasebackMonarch Airlines United Kingdom Sep 3 A321-230 V2500 Operating Lease - Sale and LeasebackNasair Saudi Arabia May 1 190LR CF34 Finance LeaseNiki Austria Feb 2 A321-210 CFM56 ECANordic Aviation Capital Denmark Jun 1 ATR 42-300 PW100 Loan/Finance/RefinancedNordic Aviation Capital Denmark Jun 1 ATR 42-500 PW100 Loan/Finance/RefinancedNordic Aviation Capital Denmark Oct 1 ATR 42-300 PW100 Loan/Finance/RefinancedNorwegian Norway Mar 4 737-800 Winglets CFM56 Finance LeaseNorwegian Norway Mar 4 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackNorwegian Norway Apr 2 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackNorwegian Norway Jul 7 737-800 Winglets CFM56 ECANorwegian Norway Jul 5 737-800 Winglets CFM56 Pre Delivery PaymentNorwegian Norway Dec 5 737-800 Winglets CFM56 Pre Delivery PaymentNovus Aviation Lebanon Aug 2 767 300ER Winglets PW4000 Loan/Finance/RefinancedOakhill Capital Management USA Jun 1 777-200LRF GE90 Loan/Finance/RefinancedOakhill Capital Management USA Jul 1 777-200LRF GE90 Pre Delivery PaymentOH Capital Assets USA Aug 1 737-300 CFM56 Loan/Finance/RefinancedOman Air Oman Mar 2 175LR CF34 Loan/Finance/RefinancedOman Air Oman Apr 1 A330-240 Trent ECAOman Air Oman Sep 2 175LR CF34 Loan/Finance/RefinancedOmni Air International USA Jul 1 767-200ER CF6 Loan/Finance/RefinancedOrenair Russia Jul 1 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackPegasus Airlines Turkey Apr 4 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackPegasus Airlines Turkey May 2 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackPembroke Group Ireland Mar 2 A330-320HGW PW4000 Loan/Finance/RefinancedPLUNA Uruguay Aug 3 CRJ 900ER NextGen CF34 Loan/Finance/RefinancedQ Aviation USA Feb 2 767-300ER PW4000 Loan/Finance/RefinancedQ Aviation USA Nov 2 747-400 PW4000 Loan/Finance/RefinancedQ Aviation USA Nov 2 767-300ER PW4000 Loan/Finance/RefinancedQantas Australia Jan 2 A380-840 Trent ECAQantas Australia Jan 4 Q400 NextGen PW100 Finance LeaseQantas Australia Feb 2 A380-840 Trent ECAQantas Australia Feb 2 737-800 Winglets CFM56 Finance LeaseQantas Australia Jul 4 737-800 Winglets CFM56 Finance LeaseQantas Australia Oct 4 737-800 Winglets CFM56 Tax LeaseQantas Australia Dec 2 737-800 Winglets CFM56 Tax LeaseRegent Airways Bangladesh Feb 2 Dash 8-300 PW100 Loan/Finance/RefinancedRegional One USA Aug 1 Dash 8-300 PW100 Loan/Finance/RefinancedRegourd Aviation France Dec 1 ATR 42-300 PW100 Operating Lease - Sale and LeasebackRepublic Airlines USA Nov 2 190AR CF34 Loan/Finance/RefinancedRoyal Air Maroc Morocco Jun 3 737-400 CFM56 Operating Lease - Sale and LeasebackRoyal Air Maroc Morocco Aug 4 ATR 72-600 PW100 ECARwandAir Rwanda Aug 2 737-800 Winglets CFM56 ECARyan International Airlines USA Feb 1 767-300 CF6 Loan/Finance/RefinancedRyan International Airlines USA Nov 1 767-300ER PW4000 Loan/Finance/RefinancedRyanair Ireland Feb 6 737-800 Winglets CFM56 Operating Lease - Sale and Leaseback





of aircraft


Ryanair Ireland Aug 5 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackS7 Airlines Russia Apr 2 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackSA Express South Africa Aug 3 Q400 PW100 Loan/Finance/RefinancedSA Express South Africa Nov 1 Q400 NextGen PW100 Loan/Finance/RefinancedSAS Multi-National (Europe) Jun 1 737-800 CFM56 Operating Lease - Sale and LeasebackSAS Multi-National (Europe) Nov 4 A321-230 V2500 Finance LeaseSCAT Kazakhstan Dec 2 CRJ 200LR CF34 Loan/Finance/RefinancedShandong Airlines China Aug 1 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackShandong Airlines China Nov 1 737-800 Winglets CFM56 Tax LeaseSilkAir Singapore Feb 1 A320-230 V2500 Operating Lease - Sale and LeasebackSingapore Airlines Singapore Aug 1 A380-840 Trent Finance LeaseSingapore Airlines Singapore Aug 1 A380-840 Trent Loan/Finance/RefinancedSky Wings Airlines Greece Feb 1 A320-230 V2500 Loan/Finance/RefinancedSkyExpress Russia Feb 1 737-500 CFM56 Finance LeaseSkyWest Airlines USA Jul 1 CRJ 702ER NextGen CF34 Loan/Finance/RefinancedSkyWest Airlines USA Sep 2 CRJ 702ER NextGen CF34 Loan/Finance/RefinancedSkyWest Airlines USA Oct 2 CRJ 702ER NextGen CF34 Loan/Finance/RefinancedSkyWork Airlines Switzerland Jun 1 Q400 PW100 Finance LeaseSkyWork Airlines Switzerland Jun 1 Q400 PW100 Operating Lease - Sale and LeasebackSkyWork Airlines Switzerland Nov 1 Q400 PW100 Operating Lease - Sale and LeasebackSolenta Aviation South Africa Jul 1 ATR 42-500 PW100 Loan/Finance/RefinancedSolenta Aviation South Africa Jul 2 ERJ-145LR AE 3007 Loan/Finance/RefinancedSolenta Aviation South Africa Sep 1 ATR 42-300F PW100 Loan/Finance/RefinancedSomon Air Tajikistan Sep 2 737-900ER CFM56 ECASouthwest Airlines USA Sep 2 737-700 Winglets CFM56 Loan/Finance/RefinancedSpiceJet India Feb 2 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackSpiceJet India Jul 11 Q400 NextGen PW100 ECASpiceJet India Nov 1 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackSpiceJet India Dec 2 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackSpirit Airlines USA Oct 1 A320-210 CFM56 Operating Lease - Sale and LeasebackSpirit Airlines USA Oct 2 A320-230 V2500 Operating Lease - Sale and LeasebackSpirit Airlines China Dec 1 A320-230 V2500 Operating Lease - Sale and LeasebackSpring Airlines China Oct 1 A320-210 CFM56 Finance LeaseSummit Aviation Ireland Dec 2 737-600 CFM56 Loan/Finance/RefinancedSwiss Switzerland Sep 4 A319-110 CFM56 Operating Lease - Sale and LeasebackT7 Aviation Leasing USA May 2 777-200ER PW4000 Loan/Finance/RefinancedTAAG Angola Airlines Angola Jun 2 777-300ER GE90 ECATACA International Airlines El Salvador Aug 1 190AR CF34 ECATAM Linhas Aereas Brazil Feb 1 A321-230 V2500 Tax LeaseTAM Linhas Aereas Brazil Mar 2 A319-110 CFM56 Tax LeaseTAM Linhas Aereas Brazil Mar 1 A319-130 V2500 Tax LeaseTAM Linhas Aereas Brazil Mar 1 A321-230 V2500 Tax LeaseTAM Linhas Aereas Brazil Apr 1 A320-210 CFM56 Pre Delivery PaymentTAM Linhas Aereas Brazil Apr 6 A320-230 V2500 Pre Delivery PaymentTAM Linhas Aereas Brazil Jul 6 777-300ER GE90 Pre Delivery PaymentTAM Linhas Aereas Brazil Dec 4 A319-130 V2500 Finance LeaseTAP Portugal Portugal Nov 4 A319-110 CFM56 Finance LeaseTAP Portugal Portugal Nov 2 A320-210 CFM56 Finance LeaseTAP Portugal Portugal Nov 3 A330-220 PW4000 Finance LeaseThai Airways International Thailand Sep 3 A330-340HGW Trent Finance LeaseTiger Airways Singapore Feb 3 A320-230 V2500 Operating Lease - Sale and LeasebackTitan Airways United Kingdom Sep 2 757-200 RB211 Loan/Finance/RefinancedTransaero Airlines Russia Aug 2 747-400 CF6 Operating Lease - Sale and Leaseback

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of aircraft


Transaero Airlines Russia Sep 1 747-400 PW4000 Operating Lease - Sale and LeasebackTransaero Airlines Russia Nov 1 747-400 CF6 Operating Lease - Sale and LeasebackTransaero Airlines Russia Nov 2 777-300 Trent Operating Lease - Sale and LeasebackTransaero Airlines Russia Dec 1 777-200 PW4000 Operating Lease - Sale and LeasebackTransAsia Airways Taiwan Oct 2 A330-340HGW Trent Loan/Finance/RefinancedTransavia Airlines Netherlands Mar 1 737-800 Winglets CFM56 Finance LeaseTransavia Airlines Netherlands Jun 3 737-800 Winglets CFM56 Finance LeaseTransavia Airlines Netherlands Nov 1 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackTRIP Brazil May 1 190LR CF34 Finance LeaseTUI Aviation Germany Jan 4 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackTUI Aviation Germany Feb 2 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackTUI Aviation Germany Mar 1 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackTUI Aviation Germany Jun 2 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackTUI Aviation Germany Jul 2 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackTUI Aviation Germany Oct 1 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackTunisair Tunisia May 1 A320-210 CFM56 ECATurkish Airlines Turkey Jan 4 A319-130 V2500 Tax LeaseTurkish Airlines Turkey Jan 6 A321-230 V2500 Tax LeaseTurkish Airlines Turkey Jan 1 A330-240F Trent Tax LeaseTurkish Airlines Turkey Jan 3 A330-340HGW Trent Tax LeaseTurkish Airlines Turkey Apr 1 A319-130 V2500 Tax LeaseTurkish Airlines Turkey May 1 A319-130 V2500 ECATurkish Airlines Turkey May 2 A321-230 V2500 Tax LeaseTurkish Airlines Turkey May 2 737-800 Winglets CFM56 ECATurkish Airlines Turkey May 2 737-900ER CFM56 ECAUNI Air Taiwan Dec 10 ATR 72-600 PW100 Loan/Finance/RefinancedUnited Airlines USA Mar 1 767-300ER PW4000 Loan/Finance/RefinancedUnited Airlines USA Apr 3 767-300ER PW4000 Loan/Finance/RefinancedUnited Airlines USA Apr 2 767-300ER PW4000 Operating Lease - Sale and LeasebackUnited Airlines USA Dec 2 747-400 PW4000 Loan/Finance/RefinancedUPS Airlines USA Mar 1 747-400F CF6 Finance LeaseUPS Airlines USA Mar 1 767 300ERF CF6 Loan/Finance/RefinancedUPS Airlines USA May 2 767 300ERF CF6 Finance LeaseUPS Airlines USA Jul 2 767 300ERF CF6 Finance LeaseUS Airways USA May 2 A320-230 V2500 Pre Delivery PaymentUS Airways USA May 10 A321-230 V2500 Pre Delivery PaymentUS Airways USA Jun 1 A320-210 CFM56 Loan/Finance/RefinancedUS Airways USA Jun 2 A321-230 V2500 Loan/Finance/RefinancedUS Airways USA Jun 2 A321-230 V2500 Operating Lease - Sale and LeasebackUS Airways USA Jun 2 A330-240 Trent Loan/Finance/RefinancedUS Airways USA Oct 1 A320-210 CFM56 EETC/ETC/PTCUS Airways USA Oct 6 A321-230 V2500 EETC/ETC/PTCUS Airways USA Oct 4 A321-230 V2500 Loan/Finance/RefinancedUS Airways USA Oct 2 A330-240 Trent EETC/ETC/PTCUS Airways USA Nov 1 A321-230 V2500 Loan/Finance/Refinanced

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of aircraft


US Airways USA Nov 2 A321-230 V2500 Operating Lease - Sale and LeasebackUS Airways USA Dec 1 A321-230 V2500 Loan/Finance/RefinancedUTair Russia Jun 18 ATR 72-500 PW100 Loan/Finance/RefinancedUzbekistan Airways Uzbekistan Nov 1 A320-210 CFM56 Operating Lease - Sale and LeasebackVeling Mauritius Aug 1 777-200ER Trent Loan/Finance/RefinancedVietnam Aircraft Leasing Company Vietnam Nov 10 A321-230 V2500 ECAVirgin America USA Jun 4 A320-210 CFM56 Operating Lease - Sale and LeasebackVirgin America USA Jun 4 A320-210 CFM56 Pre Delivery PaymentVirgin Australia Australia Feb 3 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackVirgin Australia Australia Feb 2 190AR CF34 Operating Lease - Sale and LeasebackVirgin Australia Australia Mar 2 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackVirgin Australia Australia Aug 9 737-800 Winglets CFM56 ECAVirgin Australia Australia Aug 1 190AR CF34 Operating Lease - Sale and LeasebackVirgin Australia Australia Sep 5 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackVision Asset USA Nov 1 737-300 CFM56 Loan/Finance/RefinancedVision Asset USA Nov 1 737-400 CFM56 Loan/Finance/RefinancedVision Asset USA Nov 3 767-200ERM JT9D Loan/Finance/RefinancedVolaris Mexico Jan 4 A320-230 V2500 Operating Lease - Sale and LeasebackVolaris Mexico Jan 3 A320-230 V2500 Pre Delivery PaymentVolito Aviation Services Sweden Jun 1 737-800 CFM56 Loan/Finance/RefinancedVolito Aviation Services Sweden Oct 2 A320-230 V2500 Loan/Finance/RefinancedWideroe Norway Mar 1 Dash 8-300 PW100 Finance LeaseWideroe Norway Mar 1 Dash 8-300 PW100 Operating Lease - Sale and LeasebackWizz Air Hungary Feb 4 A320-230 V2500 Operating Lease - Sale and LeasebackXiamen Airlines China Mar 1 737-800 Winglets CFM56 Operating Lease - Sale and LeasebackXiamen Airlines China Jun 4 737-700 Winglets CFM56 Loan/Finance/RefinancedXiamen Airlines China Nov 11 737-800 Winglets CFM56 Loan/Finance/RefinancedXtra Airways USA Jan 1 737-400 CFM56 Operating Lease - Sale and Leaseback

NOTE: Aircraft finance deals announced during 2011 with analysis by customer, financier and aircraft type. The aircraft transaction information contained in this section includes new and second-hand deals.SOURCE: Flightglobal Ascend Online database/Flightglobal Finance Pro

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DOWNLOAD AN EXTENDED ELECTRONIC VERSION OF THIS REPORT AT WWW.FLIGHTGLOBAL.COM/INSIGHT



DEALS DATABASE 2011By aircraft typeAIRCRAFT FINANCE DEALS ANNOUNCED IN 2011

Aircraft type Engine

type

Month Number

of aircraft

Customer Deal structure Arrangers

175LR CF34 Mar 2 Oman Air Loan/Finance/Refinanced Bank Dhofar

175LR CF34 Sep 2 Oman Air Loan/Finance/Refinanced

175ST CF34 Sep 10 Alitalia Operating Lease - Sale and Leaseback

175ST CF34 Nov 20 Flybe Loan/Finance/Refinanced BNDES - Brazilian Development Bank

190AR CF34 Jan 1 Jetscape Loan/Finance/Refinanced BNP Paribas

190AR CF34 Feb 2 Virgin Australia Operating Lease - Sale and Leaseback

190AR CF34 Mar 1 JetBlue Airways Loan/Finance/Refinanced

190AR CF34 May 1 JetBlue Airways Loan/Finance/Refinanced

190AR CF34 Jul 1 JetBlue Airways Loan/Finance/Refinanced

190AR CF34 Aug 1 TACA International Airlines ECA Natixis Transport Finance

190AR CF34 Aug 1 Virgin Australia Operating Lease - Sale and Leaseback

190AR CF34 Sep 1 JetBlue Airways Loan/Finance/Refinanced

190AR CF34 Nov 1 JetBlue Airways Loan/Finance/Refinanced

190AR CF34 Nov 2 Republic Airlines Loan/Finance/Refinanced

190LR CF34 Feb 10 Aeromexico Loan/Finance/Refinanced BNDES - Brazilian Development Bank

190LR CF34 Mar 3 Hainan Airlines ECA China Exim Bank

190LR CF34 May 1 Jetscape Loan/Finance/Refinanced HSH Nordbank AG

190LR CF34 May 1 Nasair Finance Lease

190LR CF34 May 1 TRIP Finance Lease

190LR CF34 Sep 1 Aldus Aviation ECA

190ST CF34 Jan 10 Dniproavia Operating Lease - Sale and Leaseback

190ST CF34 Aug 2 KLM Royal Dutch Airlines Tax Lease BBAM|Natixis Transport Finance

190ST CF34 Oct 2 KLM Royal Dutch Airlines Tax Lease CA-CIB

195AR CF34 Jan 2 Azul Loan/Finance/Refinanced Unicredit

195AR CF34 Sep 2 Aldus Aviation ECA

195AR CF34 Nov 2 Azul Operating Lease - Sale and Leaseback

195AR CF34 Dec 2 Azul Operating Lease - Sale and Leaseback



195LR CF34 Apr 2 Finance Lease

195LR CF34 May 1 German Operating Aircraft Leasing Loan/Finance/Refinanced DVB Bank SE

717-200 BR700 Jun 15 Hawaiian Airlines Loan/Finance/Refinanced

737-300 CFM56 Jan 1 Aergo Capital Loan/Finance/Refinanced

737-300 CFM56 Mar 1 Aircraft & Engine Support Loan/Finance/Refinanced

737-300 CFM56 Jul 1 AWAS Loan/Finance/Refinanced Deutsche Bank

737-300 CFM56 Aug 1 OH Capital Assets Loan/Finance/Refinanced

737-300 CFM56 Nov 1 AerSale Loan/Finance/Refinanced Wells Fargo Bank NA

737-300 CFM56 Nov 1 Vision Asset Loan/Finance/Refinanced

737-300SF CFM56 Mar 1 China Postal Airlines Finance Lease ICBC Leasing

737-400 CFM56 Jan 1 Xtra Airways Operating Lease - Sale and Leaseback

737-400 CFM56 Feb 1 Comair Loan/Finance/Refinanced

737-400 CFM56 Mar 6 AAR Aircraft Sales & Leasing Loan/Finance/Refinanced DVB Bank SE

737-400 CFM56 Apr 7 AerSale Loan/Finance/Refinanced Wells Fargo Bank NA

737-400 CFM56 Jun 3 Royal Air Maroc Operating Lease - Sale and Leaseback

737-400 CFM56 Nov 1 Vision Asset Loan/Finance/Refinanced

737-400 CFM56 Dec 2 KV Aviation Loan/Finance/Refinanced



Debt providers Equity providers Buyer Seller

Bank Dhofar

Bank Dhofar

Air Lease Corporation Alitalia

BNDES - Brazilian Development Bank

BNP Paribas

CIT Aerospace Virgin Australia

Undisclosed Bank/Broker/Lessor



CIT Aerospace Virgin Australia





HSH Nordbank AG

Fenec 1

Banco Safra


Undisclosed Bank/Broker Lessor Dniproavia

Nomura Babcock & Brown Co

Century Tokyo Leasing

Unicredit


BOC Aviation Azul

Aldus Aviation Azul

CIT Aerospace Azul

ORIX Aviation Azul

German Operating Aircraft Leasing Air Europa

Capital Loan Corp

ABSA Bank


AeroTurbine

International Bank of Commerce

ICBC Leasing

Vx Capital Partners Xtra Airways

Investec Bank

Aircraft Solutions Royal Air Maroc


Erste Bank

NOTE: Pages 36 to 59 should be viewed by clicking View, Page Display and Two-Up in Acrobat Reader





type

Month Number

of aircraft


737-500 CFM56 Feb 1 SkyExpress Finance Lease

737-500 CFM56 Aug 1 Armavia Operating Lease - Sale and Leaseback

737-600 CFM56 Dec 2 Summit Aviation Loan/Finance/Refinanced Erste Bank

737-700 CFM56 Mar 2 CIT Aerospace Loan/Finance/Refinanced

737-700 CFM56 Oct 2 CIT Aerospace Loan/Finance/Refinanced

737-700 CFM56 Dec 2 Hebei Airlines Operating Lease - Sale and Leaseback

737-700 Winglets CFM56 Jan 2 BOC Aviation Loan/Finance/Refinanced

737-700 Winglets CFM56 Feb 1 Air Lease Corporation Loan/Finance/Refinanced CA-CIB

737-700 Winglets CFM56 Mar 1 CIT Aerospace Loan/Finance/Refinanced

737-700 Winglets CFM56 Jun 3 BOC Aviation Loan/Finance/Refinanced

737-700 Winglets CFM56 Jun 1 China Eastern Airlines Operating Lease - Sale and Leaseback

737-700 Winglets CFM56 Jun 4 Xiamen Airlines Loan/Finance/Refinanced

737-700 Winglets CFM56 Aug 1 KLM Royal Dutch Airlines Tax Lease CA-CIB

737-700 Winglets CFM56 Aug 1 KLM Royal Dutch Airlines Tax Lease Sumitomo Mitsui Finance & Leasing|

BNP Paribas|CIC Bank737-700 Winglets CFM56 Sep 2 Southwest Airlines Loan/Finance/Refinanced

737-700 Winglets CFM56 Oct 1 CIT Aerospace Loan/Finance/Refinanced

737-700 Winglets CFM56 Dec 2 BOC Aviation Loan/Finance/Refinanced

737-700 Winglets CFM56 Dec 3 KLM Royal Dutch Airlines Tax Lease BBAM

737-800 CFM56 Jun 1 SAS Operating Lease - Sale and Leaseback

737-800 CFM56 Jun 1 Volito Aviation Services Loan/Finance/Refinanced DVB Bank SE

737-800 Winglets CFM56 Jan 15 American Airlines EETC/ETC/PTC

737-800 Winglets CFM56 Jan 6 Garuda Indonesia Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Jan 1 TUI Aviation Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Jan 3 TUI Aviation Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Feb 2 FLY Leasing Loan/Finance/Refinanced DVB Bank SE

737-800 Winglets CFM56 Feb 1 Malaysia Airlines Tax Lease CA-CIB

737-800 Winglets CFM56 Feb 2 Qantas Finance Lease

737-800 Winglets CFM56 Feb 6 Ryanair Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Feb 2 SpiceJet Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Feb 1 TUI Aviation Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Feb 1 TUI Aviation Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Feb 3 Virgin Australia Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Mar 3 CIT Aerospace Loan/Finance/Refinanced

737-800 Winglets CFM56 Mar 4 Comair ECA Investec Bank

737-800 Winglets CFM56 Mar 5 GOL Linhas Aereas Inteligentes Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Mar 1 Investec Global Aircraft Fund Loan/Finance/Refinanced DVB Bank SE

737-800 Winglets CFM56 Mar 2 Jackson Square Aviation Loan/Finance/Refinanced Undisclosed Bank/Broker/Lessor

737-800 Winglets CFM56 Mar 4 Norwegian Finance Lease

737-800 Winglets CFM56 Mar 4 Norwegian Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Mar 1 Transavia Airlines Finance Lease

737-800 Winglets CFM56 Mar 1 TUI Aviation Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Mar 1 Virgin Australia Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Mar 1 Virgin Australia Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Mar 1 Xiamen Airlines Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Apr 2 AerDragon Aviation Partners ECA China Exim Bank

737-800 Winglets CFM56 Apr 3 Air Lease Corporation Loan/Finance/Refinanced DVB Bank SE

737-800 Winglets CFM56 Apr 1 AWAS Loan/Finance/Refinanced Helaba Landesbank Hessen Thuringen

737-800 Winglets CFM56 Apr 5 Copa Airlines ECA JP Morgan Chase Bank NA

737-800 Winglets CFM56 Apr 4 GECAS Loan/Finance/Refinanced

737-800 Winglets CFM56 Apr 2 Japan Airlines Loan/Finance/Refinanced DVB Bank SE

737-800 Winglets CFM56 Apr 1 Malaysia Airlines Tax Lease

737-800 Winglets CFM56 Apr 2 Norwegian Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Apr 4 Pegasus Airlines Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Apr 2 S7 Airlines Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 May 2 American Airlines Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 May 2 AWAS Loan/Finance/Refinanced BNP Paribas|CIC Bank

737-800 Winglets CFM56 May 1 AWAS Loan/Finance/Refinanced CA-CIB




Sapofina Leasing

Mika (Jersey) Armavia

Erste Bank



BoCom Leasing Hebei Airlines

The Bank of Tokyo-Mitsubishi UFJ

CA-CIB


CBA Corporate Services (NSW) Pty

BoCom Leasing China Eastern Airlines

China Development Bank

Fuyo General Lease Company

Sumitomo Mitsui Finance & Leasing|BNP Paribas|CIC Bank

ING Bank NV


Development Bank of Japan


Volito Aviation Services SAS

Pembroke Group Garuda Indonesia

MC Aviation Partners/Mitsubishi Corp TUI Aviation

RBS Aviation Capital TUI Aviation

CA-CIB


Sumisho Aircraft Asset Management BV Ryanair

BBAM SpiceJet

Aviation Capital Group TUI Aviation

HSH Nordbank AG TUI Aviation

RBS Aviation Capital Virgin Australia


AWAS GOL Linhas Aereas Inteligentes

DY2 Leasing

Sumisho Aircraft Asset Management BV Norwegian

Okayama Jyuken Co

Aviation Capital Group TUI Aviation

Banc of America Leasing & Capital Virgin Australia

Investec Global Aircraft Fund Virgin Australia

CMB Financial Leasing Xiamen Airlines

Helaba Landesbank Hessen Thuringen

JP Morgan Chase Bank NA


Deutsche Bank|CIC Bank

ILFC Norwegian

GECAS Pegasus Airlines

Cramington Aviation S7 Airlines

GECAS American Airlines

BNP Paribas|CIC Bank

PEFCO





type

Month Number

of aircraft


737-800 Winglets CFM56 May 1 China Southern Airlines Finance Lease BBAM

737-800 Winglets CFM56 May 1 Jackson Square Aviation Loan/Finance/Refinanced

737-800 Winglets CFM56 May 2 Pegasus Airlines Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 May 2 Turkish Airlines ECA Citibank

737-800 Winglets CFM56 Jun 6 BOC Aviation ECA JP Morgan Chase Bank NA

737-800 Winglets CFM56 Jun 3 CDB Loan/Finance/Refinanced Deutsche Bank|KfW IPEX-Bank|Korea Development Bank

737-800 Winglets CFM56 Jun 1 ICBC Leasing Loan/Finance/Refinanced DVB Bank SE

737-800 Winglets CFM56 Jun 2 Jackson Square Aviation Loan/Finance/Refinanced

737-800 Winglets CFM56 Jun 1 Japan Airlines Loan/Finance/Refinanced

737-800 Winglets CFM56 Jun 4 Japan Airlines Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Jun 1 Transavia Airlines Finance Lease

737-800 Winglets CFM56 Jun 2 Transavia Airlines Finance Lease

737-800 Winglets CFM56 Jun 2 TUI Aviation Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Jul 18 American Airlines Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Jul 5 American Airlines Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Jul 2 AWAS Finance Lease DVB Bank SE

737-800 Winglets CFM56 Jul 1 Jackson Square Aviation Loan/Finance/Refinanced

737-800 Winglets CFM56 Jul 3 Norwegian ECA ING Bank NV

737-800 Winglets CFM56 Jul 4 Norwegian ECA ING Bank NV

737-800 Winglets CFM56 Jul 5 Norwegian Pre Delivery Payment ING Bank NV

737-800 Winglets CFM56 Jul 1 Orenair Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Jul 4 Qantas Finance Lease CA-CIB

737-800 Winglets CFM56 Jul 2 TUI Aviation Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Aug 1 AerCap Loan/Finance/Refinanced

737-800 Winglets CFM56 Aug 1 AWAS Loan/Finance/Refinanced Natixis Transport Finance

737-800 Winglets CFM56 Aug 1 Continental Airlines Loan/Finance/Refinanced Unicredit

737-800 Winglets CFM56 Aug 1 Garuda Indonesia Tax Lease Deutsche Bank|DVB Bank SE|BBAM

737-800 Winglets CFM56 Aug 2 RwandAir ECA PTA Bank

737-800 Winglets CFM56 Aug 5 Ryanair Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Aug 1 Shandong Airlines Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Aug 9 Virgin Australia ECA ING Bank NV

737-800 Winglets CFM56 Sep 16 American Airlines EETC/ETC/PTC

737-800 Winglets CFM56 Sep 4 Jackson Square Aviation Loan/Finance/Refinanced CA-CIB

737-800 Winglets CFM56 Sep 1 Jackson Square Aviation Loan/Finance/Refinanced DVB Bank SE

737-800 Winglets CFM56 Sep 5 Virgin Australia Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Oct 7 AerCap Loan/Finance/Refinanced DVB Bank SE|CA-CIB

737-800 Winglets CFM56 Oct 1 Air Lease Corporation Loan/Finance/Refinanced

737-800 Winglets CFM56 Oct 2 airberlin Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Oct 1 CIAF-Leasing Loan/Finance/Refinanced DVB Bank SE

737-800 Winglets CFM56 Oct 3 CIT Aerospace Loan/Finance/Refinanced

737-800 Winglets CFM56 Oct 10 Delta Air Lines EETC/ETC/PTC

737-800 Winglets CFM56 Oct 5 Ethiopian Airlines Loan/Finance/Refinanced ING Bank NV

737-800 Winglets CFM56 Oct 5 Ethiopian Airlines ECA JP Morgan Chase Bank NA

737-800 Winglets CFM56 Oct 4 Jackson Square Aviation Loan/Finance/Refinanced

737-800 Winglets CFM56 Oct 2 Qantas Tax Lease CA-CIB

737-800 Winglets CFM56 Oct 2 Qantas Tax Lease CA-CIB|CIC Bank

737-800 Winglets CFM56 Oct 1 TUI Aviation Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Nov 1 airberlin Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Nov 3 American Airlines Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Nov 3 FlyDubai Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Nov 1 Shandong Airlines Tax Lease BBAM

737-800 Winglets CFM56 Nov 1 SpiceJet Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Nov 1 Transavia Airlines Operating Lease - Sale and Leaseback

737-800 Winglets CFM56 Nov 11 Xiamen Airlines Loan/Finance/Refinanced

737-800 Winglets CFM56 Dec 2 ASL Aviation Group Loan/Finance/Refinanced

737-800 Winglets CFM56 Dec 1 Aviation Capital Group Operating Lease - Sale and Leaseback





CA-CIB

GECAS Pegasus Airlines


NordLB


Avolon Aerospace Leasing Japan Airlines

M&T Aviation Finance

Rosenheath Leasing

Jackson Square Aviation TUI Aviation

AerCap American Airlines

GECAS American Airlines

DVB Bank SE

TD Bank

Undisclosed Bank/Broker/Lessor|ING Bank NV

CIT Aerospace Orenair

CA-CIB

CIT Aerospace TUI Aviation


Unicredit


PTA Bank

Avolon Aerospace Leasing Ryanair

China Aircraft Leasing (HK) Company Shandong Airlines

PEFCO

CA-CIB|Siemens Financial Services AB

ILFC Virgin Australia

Commonwealth Bank of Australia|

Helaba Landesbank Hessen Thuringen|NordLBCredit Suisse AG

Avolon Aerospace Leasing airberlin


DVB Bank SE|NordLB|Citibank

AWAS TUI Aviation

MC Aviation Partners/Mitsubishi Corp airberlin

ILFC American Airlines

MC Aviation Partners/Mitsubishi Corp FlyDubai

Deutsche Bank|DVB Bank SE Nomura Babcock & Brown Co

BBAM SpiceJet

Air Lease Corporation Transavia Airlines


FirstRand Bank

ORIX Aviation Aviation Capital Group





type

Month Number

of aircraft


737-800 Winglets CFM56 Dec 6 AWAS Pre Delivery Payment CA-CIB

737-800 Winglets CFM56 Dec 1 Deucalion Aviation Funds Loan/Finance/Refinanced

737-800 Winglets CFM56 Dec 5 Norwegian Pre Delivery Payment DVB Bank SE

737-800 Winglets CFM56 Dec 2 Qantas Tax Lease CA-CIB

737-800 Winglets CFM56 Dec 2 SpiceJet Operating Lease - Sale and Leaseback

737-900ER CFM56 Jan 1 Lion Air ECA Natixis Transport Finance

737-900ER CFM56 Feb 1 Lion Air Finance Lease BNP Paribas

737-900ER CFM56 Feb 1 Lion Air Finance Lease DVB Bank SE

737-900ER CFM56 Feb 2 Lion Air Loan/Finance/Refinanced Natixis Transport Finance|DVB Bank SE

737-900ER CFM56 Mar 2 Korean Air Loan/Finance/Refinanced|Finance Lease Natixis Transport Finance

737-900ER CFM56 Mar 1 Lion Air Loan/Finance/Refinanced CA-CIB

737-900ER CFM56 Mar 1 Lion Air Loan/Finance/Refinanced CA-CIB

737-900ER CFM56 Apr 1 Lion Air ECA CA-CIB|TD Securities

737-900ER CFM56 May 2 Turkish Airlines ECA Citibank

737-900ER CFM56 Sep 1 Jackson Square Aviation Loan/Finance/Refinanced CA-CIB

737-900ER CFM56 Sep 2 Somon Air ECA JP Morgan Chase Bank NA

737-900ER CFM56 Oct 1 Jackson Square Aviation Loan/Finance/Refinanced

737-900ER CFM56 Oct 1 Lion Air Operating Lease - Sale and Leaseback

747-400 CF6 Apr 3 AerSale Loan/Finance/Refinanced Wells Fargo Bank NA

747-400 CF6 Jun 1 Deucalion Aviation Funds Loan/Finance/Refinanced DVB Bank SE

747-400 CF6 Aug 2 Transaero Airlines Operating Lease - Sale and Leaseback

747-400 PW4000 Sep 1 Transaero Airlines Operating Lease - Sale and Leaseback

747-400 PW4000 Nov 2 Q Aviation Loan/Finance/Refinanced

747-400 CF6 Nov 1 Transaero Airlines Operating Lease - Sale and Leaseback

747-400 PW4000 Dec 2 United Airlines Loan/Finance/Refinanced Citibank

747-400D CF6 Aug 1 Deucalion Aviation Funds Loan/Finance/Refinanced

747-400ERF CF6 Nov 1 Kalitta Air Loan/Finance/Refinanced

747-400F RB211 Mar 1 Cargolux Loan/Finance/Refinanced HSH Nordbank AG

747-400F CF6 Mar 1 UPS Airlines Finance Lease

747-400F CF6 Sep 1 BOC Aviation Loan/Finance/Refinanced

747-400SF CF6 Jun 1 Deucalion Aviation Funds Loan/Finance/Refinanced DVB Bank SE

747-8F GEnx Apr 2 Korean Air ECA JP Morgan Chase Bank NA

747-8F GEnx Aug 1 Cargolux Loan/Finance/Refinanced BNP Paribas

747-8F GEnx Aug 1 Cargolux ECA

747-8F GEnx Aug 1 Cargolux Loan/Finance/Refinanced

747-8F GEnx Sep 1 Cargolux ECA



747-8F GEnx Oct 1 Atlas Air ECA

747-8F GEnx Oct 3 Cargolux ECA JP Morgan Chase Bank NA

757-200 RB211 Mar 1 Allegiant Air Loan/Finance/Refinanced Citadel Securities

757-200 PW2000 Mar 3 CIT Aerospace Loan/Finance/Refinanced

757-200 RB211 Sep 2 Titan Airways Loan/Finance/Refinanced

757-200 PW2000 Oct 3 CIT Aerospace Loan/Finance/Refinanced

757-200 PW2000 Oct 5 Delta Air Lines EETC/ETC/PTC

757-200 Winglets RB211 Jan 6 American Airlines EETC/ETC/PTC

757-200 Winglets RB211 Mar 2 Allegiant Air Loan/Finance/Refinanced Citadel Securities

757-200 Winglets RB211 Mar 1 CIT Aerospace Loan/Finance/Refinanced

757-200 Winglets PW2000 Mar 6 Delta Air Lines Loan/Finance/Refinanced Undisclosed Bank/Broker/Lessor

757-200 Winglets PW2000 Apr 1 Cargo Aircraft Management Loan/Finance/Refinanced

757-200 Winglets RB211 Sep 14 American Airlines EETC/ETC/PTC

757-200 Winglets RB211 Oct 1 CIT Aerospace Loan/Finance/Refinanced

757-200 Winglets PW2000 Oct 6 Delta Air Lines EETC/ETC/PTC

757-200SF PW2000 Apr 1 Cargo Aircraft Management Loan/Finance/Refinanced

757-200SF RB211 Dec 4 AerSale Loan/Finance/Refinanced

767-200 JT9D Jan 3 Dynamic Aviation Group Loan/Finance/Refinanced

767-200ER CF6 Jul 1 Omni Air International Loan/Finance/Refinanced




PK AirFinance MD Aviation Capital Pte.


BBAM SpiceJet

TD Securities

BNP Paribas

KB Kookmin Bank|Standard Chartered Bank

CA-CIB

HSH Nordbank AG|Korea Development Bank|CA-CIB

TD Securities


PEFCO


Jackson Square Aviation Lion Air

VTB-Leasing Transaero Airlines




DVB Bank SE

PK AirFinance

HSH Nordbank AG

CC & EI

Malayan Banking Berhad (Maybank)

BNP Paribas|Undisclosed Bank/Broker/Lessor


BNP Paribas|Unicredit

Goldman Sachs & Co|CA-CIB

JP Morgan Chase Bank NA CA-CIB|DVBBankSE|KfW IPEX-Bank

PEFCO

Apple Bank


Lloyds TSB Bank



SunTrust Bank


SunTrust Bank


PNC Bank NA

Bank of Oklahoma NA





type

Month Number

of aircraft


767-200ERM JT9D Nov 3 Vision Asset Loan/Finance/Refinanced

767-200ERSF CF6 Apr 1 Cargo Aircraft Management Loan/Finance/Refinanced

767-200SF CF6 Feb 1 ABX Air Operating Lease - Sale and Leaseback

767-200SF CF6 Jun 2 ABX Air Operating Lease - Sale and Leaseback

767-200SF CF6 Jul 1 ABX Air Operating Lease - Sale and Leaseback

767-200SF CF6 Jul 1 Cargo Aircraft Management Loan/Finance/Refinanced

767-300 CF6 Feb 1 Ryan International Airlines Loan/Finance/Refinanced

767-300 CF6 Mar 2 BBAM Loan/Finance/Refinanced

767-300ER CF6 Jan 2 American Airlines EETC/ETC/PTC

767-300ER PW4000 Feb 2 Q Aviation Loan/Finance/Refinanced

767-300ER PW4000 Mar 1 BBAM Loan/Finance/Refinanced

767-300ER PW4000 Mar 1 United Airlines Loan/Finance/Refinanced

767-300ER PW4000 Apr 3 United Airlines Loan/Finance/Refinanced

767-300ER PW4000 Apr 2 United Airlines Operating Lease - Sale and Leaseback

767-300ER CF6 Jun 1 ILFC Loan/Finance/Refinanced

767-300ER CF6 Oct 1 Delta Air Lines EETC/ETC/PTC

767-300ER CF6 Oct 1 KV Aviation Loan/Finance/Refinanced Nedbank

767-300ER PW4000 Nov 2 Q Aviation Loan/Finance/Refinanced

767-300ER PW4000 Nov 1 Ryan International Airlines Loan/Finance/Refinanced

767-300ER Winglets CF6 Jan 1 ANA - All Nippon Airways Finance Lease

767-300ER Winglets CF6 Jan 1 ANA - All Nippon Airways Finance Lease

767-300ER Winglets CF6 Aug 1 ANA - All Nippon Airways Finance Lease

767-300ER Winglets PW4000 Aug 2 Novus Aviation Loan/Finance/Refinanced DVB Bank SE

767-300ER Winglets CF6 Sep 1 LAN Airlines ECA

767-300ER Winglets CF6 Oct 3 Delta Air Lines EETC/ETC/PTC

767-300ER Winglets CF6 Oct 1 Finance Lease

767-300ERF CF6 Mar 1 UPS Airlines Loan/Finance/Refinanced Societe Generale

767-300ERF CF6 May 2 UPS Airlines Finance Lease Societe Generale

767-300ERF CF6 Jul 2 UPS Airlines Finance Lease

777-200 PW4000 Dec 1 Transaero Airlines Operating Lease - Sale and Leaseback

777-200ER Trent Jan 7 American Airlines EETC/ETC/PTC

777-200ER Trent Jan 1 CapitalMgntHouse&NovusAviation&Muzun

Loan/Finance/Refinanced DVB Bank SE

777-200ER Trent Feb 3 American Airlines Operating Lease - Sale and Leaseback

777-200ER Trent Feb 4 Emirates Airline Operating Lease - Sale and Leaseback

777-200ER PW4000 May 2 T7 Aviation Leasing Loan/Finance/Refinanced

777-200ER Trent Jun 3 Guggenheim Aviation Partners Loan/Finance/Refinanced DVB Bank SE

777-200ER GE90 Jul 4 Alitalia Finance Lease DVB Bank SE|PK AirFinance

777-200ER Trent Aug 1 Emirates Airline Operating Lease - Sale and Leaseback

777-200ER Trent Aug 1 Veling Loan/Finance/Refinanced

777-200ER Trent Sep 13 American Airlines EETC/ETC/PTC

777-200ER GE90 Dec 1 Air Lease Corporation Loan/Finance/Refinanced DVB Bank SE

777-200LRF GE90 Jun 1 Oakhill Capital Management Loan/Finance/Refinanced DVB Bank SE

777-200LRF GE90 Jul 3 Guggenheim Aviation Partners Loan/Finance/Refinanced CA-CIB|DVB Bank SE

777-200LRF GE90 Jul 1 Oakhill Capital Management Pre Delivery Payment DVB Bank SE

777-200LRF GE90 Aug 1 DAE Capital Loan/Finance/Refinanced DVB Bank SE|IBJ Leasing & Partners|Deutsche Bank|

Sumitomo Mitsui Finance & Leasing|Challenger777-200LRF GE90 Sep 1 AeroLogic Tax Lease DVB Bank SE|BBAM

777-200LRF GE90 Sep 1 Guggenheim Aviation Partners Loan/Finance/Refinanced

777-200LRF GE90 Dec 1 Korean Air ECA

777-200LRF GE90 Dec 1 Korean Air ECA

777-300 Trent Nov 2 Transaero Airlines Operating Lease - Sale and Leaseback

777-300ER GE90 Jan 3 Air India ECA Citibank

777-300ER GE90 Jan 1 Air New Zealand Operating Lease - Sale and Leaseback

777-300ER GE90 Feb 1 Air France Operating Lease - Sale and Leaseback

777-300ER GE90 Feb 1 Air France Operating Lease - Sale and Leaseback

777-300ER GE90 Feb 1 Air New Zealand Operating Lease - Sale and Leaseback





SunTrust Bank

Cargo Aircraft Management ABX Air



Banc of America Leasing & Capital

InTrust Bank NA


Special Value Opportunities Fund & Special Val



PK AirFinance

Tennebaum Opportunities Fund VI United Airlines

Citicorp USA


Barrington Bank & Trust Company NA

Titan Leasing & FO Harvest Leasing

TLC Property

Miranda Leasing


FL Orchid Leasing

Societe Generale

Societe Generale

Societe Generale

VEB-Leasing JSC Transaero Airlines

Guggenheim Aviation Partners American Airlines

Veling Emirates Airline


Deutsche Bank|ChinaTrust Commercial Bank

Veling Emirates Airline

Nedbank|The Mauritius Commercial Bank

DVB Bank SE

Westpac Banking Corp|NordLB



Korea Development Bank|Korea Finance Coporation|TD Bank

TD Bank|The Bank of Tokyo-MitsubishiUFJ|

Korea Development Bank|Korea Finance CorpStecker Transaero Airlines

Citibank|Standard Chartered Bank

DAE Capital Air New Zealand

Avolon Aerospace Leasing Air France

Jackson Square Aviation Air France

DAE Capital Air New Zealand





type

Month Number

of aircraft


777-300ER GE90 Feb 1 Avolon Aerospace Leasing Loan/Finance/Refinanced DVB Bank SE

777-300ER GE90 Feb 1 Jackson Square Aviation Loan/Finance/Refinanced DVB Bank SE

777-300ER GE90 Feb 1 KLM Royal Dutch Airlines ECA

777-300ER GE90 Mar 1 Air Lease Corporation Loan/Finance/Refinanced KfW IPEX-Bank

777-300ER GE90 Mar 1 Air New Zealand Operating Lease - Sale and Leaseback

777-300ER GE90 Mar 1 Air New Zealand Tax Lease

777-300ER GE90 Mar 2 Cathay Pacific Operating Lease - Sale and Leaseback

777-300ER GE90 Apr 1 Air France Tax Lease BNP Paribas|CIC Bank

777-300ER GE90 Apr 1 Air France Finance Lease

777-300ER GE90 Apr 1 Emirates Airline Loan/Finance/Refinanced Natixis Transport Finance

777-300ER GE90 May 1 Emirates Airline Finance Lease Deutsche Bank|National Bank of Abu Dhabi|Emirates NBD

777-300ER GE90 May 3 Emirates Airline Operating Lease - Sale and Leaseback

777-300ER GE90 May 3 Korean Air ECA JP Morgan Chase Bank NA

777-300ER GE90 May 3 Korean Air Loan/Finance/Refinanced Korea Development Bank

777-300ER GE90 Jun 1 Air China ECA

777-300ER GE90 Jun 2 Air China ECA

777-300ER GE90 Jun 1 Jackson Square Aviation Loan/Finance/Refinanced

777-300ER GE90 Jun 2 TAAG Angola Airlines ECA HSBC Bank

777-300ER GE90 Jul 1 Emirates Airline Finance Lease Standard Chartered Bank|SAMBA Financial Group

777-300ER GE90 Jul 2 Emirates Airline Operating Lease - Sale and Leaseback

777-300ER GE90 Jul 6 TAM Linhas Aereas Pre Delivery Payment

777-300ER GE90 Aug 2 Biman Bangladesh Airlines ECA JP Morgan Chase Bank NA

777-300ER GE90 Sep 1 Jackson Square Aviation Loan/Finance/Refinanced

777-300ER GE90 Oct 2 Biman Bangladesh Airlines Loan/Finance/Refinanced Standard Chartered Bank

777-300ER GE90 Oct 1 Emirates Airline Pre Delivery Payment

777-300ER GE90 Oct 1 Jackson Square Aviation Loan/Finance/Refinanced

777-300ER GE90 Nov 1 Air New Zealand Tax Lease BNP Paribas

777-300ER GE90 Nov 1 British Airways Operating Lease - Sale and Leaseback

777-300ER GE90 Nov 2 Emirates Airline Finance Lease CA-CIB|Emirates NBD|Commonwealth Bank of Australia|

First Gulf Bank|National Bank of Abu Dhabi777-300ER GE90 Dec 2 Air China ECA

777-300ER GE90 Dec 1 Air China ECA

777-300ER GE90 Dec 1 Air China ECA

777-300ER GE90 Dec 1 Korean Air ECA

787-8 GEnx Jul 10 Ethiopian Airlines ECA

787-8 Trent Sep 11 ANA - All Nippon Airways Loan/Finance/Refinanced Japan Bank for International Cooperation

787-8 GEnx Nov 7 Air India Pre Delivery Payment DVB Bank SE|Deutsche Bank|Bank of Baroda

A318-110 CFM56 Jan 1 Air France Tax Lease CA-CIB

A318-110 CFM56 Jan 1 Air France Finance Lease

A318-110 CFM56 Feb 1 Air France Tax Lease CA-CIB

A318-110 CFM56 Apr 2 Frontier Airlines Operating Lease - Sale and Leaseback

A318-110 CFM56 Jul 2 Frontier Airlines Operating Lease - Sale and Leaseback

A319-110 CFM56 Jan 9 Air India Loan/Finance/Refinanced ICICI Bank

A319-110 CFM56 Mar 2 CIT Aerospace Loan/Finance/Refinanced

A319-110 CFM56 Mar 2 EasyJet Operating Lease - Sale and Leaseback

A319-110 CFM56 Mar 2 TAM Linhas Aereas Tax Lease BNP Paribas|CIC Bank|KfW IPEX-Bank

A319-110 CFM56 May 1 CSA Czech Airlines Finance Lease CA-CIB

A319-110 CFM56 Jun 1 Aircraft Purchase Fleet Loan/Finance/Refinanced CIC Bank

A319-110 CFM56 Sep 1 Avianca ECA JP Morgan Chase Bank NA

A319-110 CFM56 Sep 4 Swiss Operating Lease - Sale and Leaseback

A319-110 CFM56 Oct 1 ALAFCO & Novus Aviation Loan/Finance/Refinanced

A319-110 CFM56 Oct 3 CIT Aerospace Loan/Finance/Refinanced

A319-110 CFM56 Oct 2 LAN Airlines ECA BNP Paribas|Citibank|The Bank of Tokyo-Mitsubishi UFJ

A319-110 CFM56 Oct 1 LAN Airlines Finance Lease

A319-110 CFM56 Nov 4 TAP Portugal Finance Lease DVB Bank SE|GE Japan Corporation|PK AirFinance

A319-110 CFM56 Dec 4 CDB Loan/Finance/Refinanced DVB Bank SE




ABN AMRO Bank NV

BBAM Air New Zealand

ANZ Bank|CIC Bank

BOC Aviation Cathay Pacific


ALIP No.1 Co.


Jackson Square Aviation Emirates Airline

BNP Paribas

TD Bank

BNP Paribas|Unicredit

PEFCO

SAMBA Financial Group|Standard Chartered Bank

Pembroke Group Emirates Airline

Banco Latino Americano de Comercio Exterior SA|Santander


Deutsche Bank|Abu Dhabi National Leasing|Arab Banking Corp



Australia & New Zealand Banking Group|Development Bank of Japan|

The Bank of Tokyo-Mitsubishi UFJSumisho Aircraft Asset Management BV British Airways

HSBC Bank

HSBC Bank|The Bank of Tokyo-Mitsubishi UFJ

The Bank of Tokyo-Mitsubishi UFJ

TD Bank|The Bank of Tokyo-Mitsubishi UFJ|Korea Development Bank|

Korea Finance CorporationUndisclosed Bank/Broker/Lessor

Japan Bank for International Cooperation

CA-CIB

Showa Leasing

CA-CIB

Apollo Aviation Group Frontier Airlines

Apollo Aviation Group Frontier Airlines


Sumisho Aircraft Asset Management BV EasyJet

Santander

CA-CIB

Airfleet Credit Corp Swiss

DVB Bank SE


Citibank|The Bank of Tokyo-Mitsubishi UFJ|Apple Bank

Tiuque Leasing





type

Month Number

of aircraft


A319-130 V2500 Jan 3 LAN Airlines Finance Lease

A319-130 V2500 Jan 3 Turkish Airlines Tax Lease BNP Paribas

A319-130 V2500 Jan 1 Turkish Airlines Tax Lease Natixis Transport Finance

A319-130 V2500 Mar 1 TAM Linhas Aereas Tax Lease BNP Paribas|CIC Bank|KfW IPEX-Bank

A319-130 V2500 Apr 1 Turkish Airlines Tax Lease BNP Paribas

A319-130 V2500 May 1 Turkish Airlines ECA Citibank

A319-130 V2500 Jul 1 AerCap Loan/Finance/Refinanced

A319-130 V2500 Nov 4 Finance Lease DVB Bank SE

A319-130 V2500 Dec 1 Global Knafaim Leasing Loan/Finance/Refinanced

A319-130 V2500 Dec 4 TAM Linhas Aereas Finance Lease DVB Bank SE

A320-210 CFM56 Jan 2 Air Arabia Finance Lease

A320-210 CFM56 Jan 2 Air China ECA Natixis Transport Finance


A320-210 CFM56 Jan 1 AWAS Loan/Finance/Refinanced

A320-210 CFM56 Jan 1 China Aircraft Leasing (HK) Company ECA China Exim Bank

A320-210 CFM56 Jan 3 EasyJet Finance Lease BBAM

A320-210 CFM56 Feb 2 Air China Tax Lease BNP Paribas|Citibank

A320-210 CFM56 Feb 2 Air France Operating Lease - Sale and Leaseback

A320-210 CFM56 Feb 2 AirAsia Finance Lease Helaba Landesbank Hessen Thuringen|KfW IPEX-Bank

A320-210 CFM56 Feb 1 AirAsia Operating Lease - Sale and Leaseback

A320-210 CFM56 Feb 2 airberlin Operating Lease - Sale and Leaseback

A320-210 CFM56 Feb 1 airberlin Operating Lease - Sale and Leaseback

A320-210 CFM56 Feb 2 Alitalia Operating Lease - Sale and Leaseback

A320-210 CFM56 Mar 1 AWAS ECA Natixis Transport Finance

A320-210 CFM56 Mar 1 AWAS Loan/Finance/Refinanced

A320-210 CFM56 Mar 3 China Eastern Airlines ECA| Tax Lease Natixis Transport Finance

A320-210 CFM56 Mar 1 CIT Aerospace Loan/Finance/Refinanced

A320-210 CFM56 Apr 1 Air France Operating Lease - Sale and Leaseback

A320-210 CFM56 Apr 3 Air France Operating Lease - Sale and Leaseback

A320-210 CFM56 Apr 3 BOC Aviation Loan/Finance/Refinanced KfW IPEX-Bank

A320-210 CFM56 Apr 1 China Eastern Airlines Loan/Finance/Refinanced|TaxLease|ECA CIC Bank

A320-210 CFM56 Apr 1 China Southern Airlines Loan/Finance/Refinanced Bank of China

A320-210 CFM56 Apr 1 GECAS ECA China Exim Bank

A320-210 CFM56 Apr 1 TAM Linhas Aereas Pre Delivery Payment Natixis Transport Finance

A320-210 CFM56 May 2 China Eastern Airlines Tax Lease Commerzbank

A320-210 CFM56 May 1 Tunisair ECA CA-CIB

A320-210 CFM56 Jun 2 Avolon Aerospace Leasing ECA Natixis Transport Finance

A320-210 CFM56 Jun 1 AWAS Loan/Finance/Refinanced DVB Bank SE

A320-210 CFM56 Jun 2 CDB Loan/Finance/Refinanced Deutsche Bank|KfW IPEX-Bank|Korea Development Bank

A320-210 CFM56 Jun 1 ICBC Leasing Loan/Finance/Refinanced DVB Bank SE

A320-210 CFM56 Jun 2 Interjet ECA CA-CIB

A320-210 CFM56 Jun 1 Juneyao Airlines ECA China Exim Bank

A320-210 CFM56 Jun 3 LAN Airlines Operating Lease - Sale and Leaseback

A320-210 CFM56 Jun 1 US Airways Loan/Finance/Refinanced

A320-210 CFM56 Jun 4 Virgin America Operating Lease - Sale and Leaseback

A320-210 CFM56 Jun 4 Virgin America Pre Delivery Payment

A320-210 CFM56 Jul 2 AirAsia Loan/Finance/Refinanced Natixis Transport Finance

A320-210 CFM56 Jul 2 Alitalia Finance Lease DVB Bank SE|PK AirFinance

A320-210 CFM56 Jul 2 Avianca Operating Lease - Sale and Leaseback

A320-210 CFM56 Jul 3 Avolon Aerospace Leasing Loan/Finance/Refinanced BNP Paribas

A320-210 CFM56 Jul 2 Avolon Aerospace Leasing Loan/Finance/Refinanced

A320-210 CFM56 Jul 2 GoAir Operating Lease - Sale and Leaseback

A320-210 CFM56 Jul 1 Jackson Square Aviation Loan/Finance/Refinanced

A320-210 CFM56 Aug 2 Air Arabia Finance Lease

A320-210 CFM56 Aug 4 AirAsia Operating Lease - Sale and Leaseback

A320-210 CFM56 Aug 2 AirAsia Operating Lease - Sale and Leaseback

A320-210 CFM56 Aug 4 Gulf Air Operating Lease - Sale and Leaseback




Bandurria Leasing

BNP Paribas

Deutsche Pfandbriefbank|BPCE

Santander

BNP Paribas

Credit Lyonnais

Bank Leumi Le-Israel BM

DVB Bank SE

Bank of Japan

BPCE|The Bank of Tokyo-Mitsubishi UFJ



BNP Paribas|Citibank

Avolon Aerospace Leasing Air France

ICBC Leasing AirAsia

GECAS airberlin

Sumisho Aircraft Asset Management BV airberlin

AWAS Alitalia

Deutsche Pfandbriefbank


BPCE|Citibank


Chishima Real Estate Co Air France

Jackson Square Aviation Air France

CA-CIB

Bank of China

CA-CIB|UTB

Apple Bank

Apple Bank|Credit Suisse AG

Avolon Aerospace Leasing LAN Airlines


Jackson Square Aviation Virgin America

Jackson Square Aviation

DekaBank

Avolon Aerospace Leasing Avianca

BNP Paribas|Sumitomo Mitsui Banking Corp

The Bank of New York Mellon

GECAS GoAir

DVB Bank SE

Bank of Japan

Avolon Aerospace Leasing AirAsia


MC Aviation Partners/Mitsubishi Corp Gulf Air





type

Month Number

of aircraft


A320-210 CFM56 Aug 2 Jackson Square Aviation Loan/Finance/Refinanced Natixis Transport Finance

A320-210 CFM56 Sep 4 Avianca ECA JP Morgan Chase Bank NA

A320-210 CFM56 Sep 1 Cebu Pacific Air Finance Lease

A320-210 CFM56 Sep 1 China Eastern Airlines Finance Lease BBAM

A320-210 CFM56 Sep 1 Jackson Square Aviation Loan/Finance/Refinanced CA-CIB

A320-210 CFM56 Sep 1 LAN Airlines Operating Lease - Sale and Leaseback

A320-210 CFM56 Oct 2 Avianca Loan/Finance/Refinanced Citibank

A320-210 CFM56 Oct 1 CIT Aerospace Loan/Finance/Refinanced

A320-210 CFM56 Oct 5 Indonesia AirAsia Finance Lease

A320-210 CFM56 Oct 3 Jackson Square Aviation Loan/Finance/Refinanced

A320-210 CFM56 Oct 3 Jazeera Airways Loan/Finance/Refinanced

A320-210 CFM56 Oct 4 LAN Airlines ECA BNP Paribas|Citibank|The Bank of Tokyo-Mitsubishi UFJ

A320-210 CFM56 Oct 4 LAN Airlines Finance Lease

A320-210 CFM56 Oct 2 Lao Airlines Loan/Finance/Refinanced

A320-210 CFM56 Oct 1 Spirit Airlines Operating Lease - Sale and Leaseback

A320-210 CFM56 Oct 1 Spring Airlines Finance Lease Standard Chartered Bank

A320-210 CFM56 Oct 1 US Airways EETC/ETC/PTC

A320-210 CFM56 Nov 1 AirAsia Operating Lease - Sale and Leaseback

A320-210 CFM56 Nov 2 TAP Portugal Finance Lease DVB Bank SE|GE Japan Corporation|PK AirFinance

A320-210 CFM56 Nov 1 Uzbekistan Airways Operating Lease - Sale and Leaseback

A320-210 CFM56 Dec 1 AerSale Loan/Finance/Refinanced

A320-210 CFM56 Dec 2 CDB Loan/Finance/Refinanced DVB Bank SE

A320-210 CFM56 Dec 2 ICBC Leasing Loan/Finance/Refinanced DVB Bank SE

A320-210 CFM56 Dec 1 Jackson Square Aviation Loan/Finance/Refinanced

A320-230 V2500 Jan 1 Air China ECA Natixis Transport Finance

A320-230 V2500 Jan 3 Archway Aviation Loan/Finance/Refinanced DVB Bank SE

A320-230 V2500 Jan 3 China Southern Airlines ECA| Tax Lease KfW IPEX-Bank|Natixis Transport Finance

A320-230 V2500 Jan 2 IndiGo Operating Lease - Sale and Leaseback

A320-230 V2500 Jan 1 JetBlue Airways Loan/Finance/Refinanced CIC Bank

A320-230 V2500 Jan 4 LAN Airlines Finance Lease

A320-230 V2500 Jan 4 Volaris Operating Lease - Sale and Leaseback

A320-230 V2500 Jan 3 Volaris Pre Delivery Payment

A320-230 V2500 Feb 1 Air Lease Corporation Loan/Finance/Refinanced KfW IPEX-Bank

A320-230 V2500 Feb 2 Avianca|TACA International Airlines Operating Lease - Sale and Leaseback

A320-230 V2500 Feb 1 SilkAir Operating Lease - Sale and Leaseback

A320-230 V2500 Feb 1 Sky Wings Airlines Loan/Finance/Refinanced

A320-230 V2500 Feb 3 Tiger Airways Operating Lease - Sale and Leaseback

A320-230 V2500 Feb 4 Wizz Air Operating Lease - Sale and Leaseback

A320-230 V2500 Mar 1 AerDragon Aviation Partners ECA China Exim Bank

A320-230 V2500 Mar 1 Airfinancial Management Loan/Finance/Refinanced

A320-230 V2500 Mar 1 Avolon Aerospace Leasing Loan/Finance/Refinanced

A320-230 V2500 Mar 3 CIT Aerospace Loan/Finance/Refinanced

A320-230 V2500 Mar 5 Hong Kong Aviation Capital Loan/Finance/Refinanced China Development Bank

A320-230 V2500 Mar 2 IndiGo Operating Lease - Sale and Leaseback

A320-230 V2500 Mar 1 JetBlue Airways Loan/Finance/Refinanced

A320-230 V2500 Apr 1 China Southern Airlines Tax Lease| ECA KfWIPEX-Bank|CA-CIB

A320-230 V2500 Apr 1 JetBlue Airways Loan/Finance/Refinanced

A320-230 V2500 Apr 6 TAM Linhas Aereas Pre Delivery Payment Natixis Transport Finance

A320-230 V2500 May 1 Avolon Aerospace Leasing Loan/Finance/Refinanced CA-CIB

A320-230 V2500 May 1 Middle East Airlines Loan/Finance/Refinanced Fransabank

A320-230 V2500 May 2 US Airways Pre Delivery Payment Natixis Transport Finance

A320-230 V2500 Jun 2 AerCap Loan/Finance/Refinanced Deutsche Bank

A320-230 V2500 Jun 1 Jackson Square Aviation Loan/Finance/Refinanced Natixis Transport Finance

A320-230 V2500 Jul 1 Eastok Aviation Loan/Finance/Refinanced

A320-230 V2500 Jul 1 Jackson Square Aviation Loan/Finance/Refinanced

A320-230 V2500 Aug 1 AerCap Loan/Finance/Refinanced NordLB

A320-230 V2500 Aug 1 AWAS ECA Natixis Transport Finance




Vector Aircarft Leasing



AWAS LAN Airlines


AirAsia


National Bank of Kuwait|Undisclosed Bank/Broker/Lessor

Citibank|The Bank of Tokyo-Mitsubishi UFJ|Apple Bank

Tiuque Leasing

Bank of Lao

Avolon Aerospace Leasing Spirit Airlines

Standard Chartered Bank


CDB Uzbekistan Airways




DVB Bank SE

BPCE

ORIX Aviation IndiGo

Bandurria Leasing

Jackson Square Aviation Volaris

Jackson Square Aviation

GECAS Avianca|TACAInternationalAirlines

ICBC Leasing SilkAir


Pembroke Group Tiger Airways

Hong Kong Aviation Capital Wizz Air

AeroTurbine

CA-CIB



MC Aviation Partners/Mitsubishi Corp IndiGo


CIC Bank

CA-CIB

Fransabank

Credit Suisse AG|Apple Bank|BayernLB

Sky Union

DVB Bank SE

NordLB





type

Month Number

of aircraft


A320-230 V2500 Aug 1 China Southern Airlines Operating Lease - Sale and Leaseback

A320-230 V2500 Sep 1 AerCap Loan/Finance/Refinanced

A320-230 V2500 Sep 2 British Airways Tax Lease CA-CIB|RBS|Bank of China|Bank of Tokyo-Mitsubishi|

BNP Paribas|Commerzbank|ICBC|ING Bank|

Sumitomo Mitsui Bank|Mizuho Corp Bank|BBAMA320-230 V2500 Sep 1 Jackson Square Aviation Loan/Finance/Refinanced DVB Bank SE

A320-230 V2500 Oct 4 CIT Aerospace Loan/Finance/Refinanced

A320-230 V2500 Oct 3 IndiGo Operating Lease - Sale and Leaseback

A320-230 V2500 Oct 1 Jackson Square Aviation Loan/Finance/Refinanced

A320-230 V2500 Oct 1 JetBlue Airways Loan/Finance/Refinanced

A320-230 V2500 Oct 2 Spirit Airlines Operating Lease - Sale and Leaseback

A320-230 V2500 Oct 2 Volito Aviation Services Loan/Finance/Refinanced DVB Bank SE

A320-230 V2500 Nov 1 AerDragon Aviation Partners ECA China Exim Bank

A320-230 V2500 Nov 3 IndiGo Operating Lease - Sale and Leaseback

A320-230 V2500 Nov 2 Intrepid Aviation Group Loan/Finance/Refinanced DVB Bank SE

A320-230 V2500 Dec 1 AWAS Loan/Finance/Refinanced KfW IPEX-Bank

A320-230 V2500 Dec 4 IndiGo Operating Lease - Sale and Leaseback

A320-230 V2500 Dec 1 IndiGo Operating Lease - Sale and Leaseback

A320-230 V2500 Dec 1 Spirit Airlines Operating Lease - Sale and Leaseback

A321-110 CFM56 Jun 1 KV Aviation Loan/Finance/Refinanced Erste Bank


A321-210 CFM56 Feb 2 Niki ECA NordLB

A321-210 CFM56 Sep 1 Aeroflot Russian Airlines Finance Lease

A321-210 CFM56 Nov 1 Air France Operating Lease - Sale and Leaseback

A321-230 V2500 Jan 1 Air China ECA Natixis Transport Finance

A321-230 V2500 Jan 2 Turkish Airlines Tax Lease BBAM

A321-230 V2500 Jan 3 Turkish Airlines Tax Lease BBAM

A321-230 V2500 Jan 1 Turkish Airlines Tax Lease BBAM|Natixis Transport Finance

A321-230 V2500 Feb 2 Air China Tax Lease BNP Paribas|Citibank

A321-230 V2500 Feb 1 TAM Linhas Aereas Tax Lease BBAM

A321-230 V2500 Mar 1 TAM Linhas Aereas Tax Lease BNP Paribas|CIC Bank|KfW IPEX-Bank

A321-230 V2500 May 2 Turkish Airlines Tax Lease Commerzbank

A321-230 V2500 May 10 US Airways Pre Delivery Payment Natixis Transport Finance

A321-230 V2500 Jun 1 China Eastern Airlines Operating Lease - Sale and Leaseback

A321-230 V2500 Jun 2 Deucalion Aviation Funds Loan/Finance/Refinanced DVB Bank SE

A321-230 V2500 Jun 1 Mihin Lanka Operating Lease - Sale and Leaseback

A321-230 V2500 Jun 2 US Airways Loan/Finance/Refinanced

A321-230 V2500 Jun 2 US Airways Operating Lease - Sale and Leaseback

A321-230 V2500 Sep 3 Monarch Airlines Operating Lease - Sale and Leaseback

A321-230 V2500 Oct 1 Jackson Square Aviation Loan/Finance/Refinanced

A321-230 V2500 Oct 6 US Airways EETC/ETC/PTC

A321-230 V2500 Oct 3 US Airways Loan/Finance/Refinanced

A321-230 V2500 Oct 1 US Airways Loan/Finance/Refinanced

A321-230 V2500 Nov 4 SAS Finance Lease DVB Bank SE|Nordea

A321-230 V2500 Nov 1 US Airways Loan/Finance/Refinanced

A321-230 V2500 Nov 2 US Airways Operating Lease - Sale and Leaseback

A321-230 V2500 Nov 10 Vietnam Aircraft ECA Sumitomo Mitsui Banking Corp|KfW IPEX-Bank

A321-230 V2500 Dec 1 Jackson Square Aviation Loan/Finance/Refinanced

A321-230 V2500 Dec 1 Lufthansa Tax Lease BBAM|The Bank of Tokyo-Mitsubishi UFJ

A321-230 V2500 Dec 1 US Airways Loan/Finance/Refinanced

A330-200 CF6 Mar 2 Guggenheim Aviation Partners Loan/Finance/Refinanced DVB Bank SE

A330-200 CF6 Apr 3 Air Lease Corporation Loan/Finance/Refinanced Nord LB

A330-200 CF6 Aug 1 AWAS Loan/Finance/Refinanced Westpac Banking Corp

A330-200 CF6 Sep 1 Alitalia Operating Lease - Sale and Leaseback

A330-200 CF6 Sep 1 Intrepid Aviation Group Loan/Finance/Refinanced KfW IPEX-Bank

A330-220 PW4000 Jan 1 China Southern Airlines Tax Lease| ECA Natixis Transport Finance




BoCom Leasing China Southern Airlines




CDB IndiGo



Avolon Aerospace Leasing Spirit Airlines

DVB Bank SE

MC Aviation Partners/Mitsubishi Corp IndiGo

AWAS IndiGo

RBS Aviation Capital IndiGo

GECAS Spirit Airlines

Erste Bank

NordLB

VEB-Leasing JSC

CIT Aerospace Air France


Sumitomo Mitsui Banking Corp Nomura Babcock & Brown Co

Unicredit Nomura Babcock & Brown Co

Sumitomo Mitsui Banking Corp Nomura Babcock & Brown Co

BNP Paribas|Citibank


Santander

Commerzbank

BoCom Leasing China Eastern Airlines

Air Lease Corporation Mihin Lanka


Jackson Square Aviation US Airways

CIT Aerospace Monarch Airlines



US Airways


CIT Aerospace US Airways

NordLB

Nomura Babcock & Brown|

Sumitomo Mitsui Finance & LeasingUndisclosed Bank/Broker/Lessor

NordLB

Westpac Banking Corp

Air Lease Corporation Alitalia

BPCE





type

Month Number

of aircraft


A330-220 PW4000 Feb 2 Korean Air Finance Lease KfW IPEX-Bank

A330-220 PW4000 Apr 1 China Southern Airlines Tax Lease| ECA KfW IPEX-Bank|CA-CIB

A330-220 PW4000 Sep 1 Air Greenland Loan/Finance/Refinanced CA-CIB

A330-220 PW4000 Nov 3 TAP Portugal Finance Lease DVB Bank SE|GE Japan Corporation|PK Air Finance

A330-220 PW4000 Dec 1 Air Lease Corporation Loan/Finance/Refinanced KfW IPEX-Bank

A330-240 Trent Jan 2 Hawaiian Airlines Loan/Finance/Refinanced KfW IPEX-Bank|Helaba Landesbank Hessen Thuringen|

Natixis Transport FinanceA330-240 Trent Feb 2 Avianca|TACA International Airlines Operating Lease - Sale and Leaseback

A330-240 Trent Feb 2 Deucalion Aviation Funds Loan/Finance/Refinanced BNP Paribas|DVB Bank SE

A330-240 Trent Mar 1 AWAS ECA Natixis Transport Finance

A330-240 Trent Apr 1 China Eastern Airlines Loan/Finance/Refinanced|TaxLease|ECA CIC Bank

A330-240 Trent Apr 2 Hawaiian Airlines Loan/Finance/Refinanced BNP Paribas|NordLB

A330-240 Trent Apr 1 Oman Air ECA Citibank

A330-240 Trent Jun 1 ALAFCO & Novus Aviation Loan/Finance/Refinanced DVB Bank SE

A330-240 Trent Jun 2 US Airways Loan/Finance/Refinanced

A330-240 Trent Aug 1 Avianca Operating Lease - Sale and Leaseback

A330-240 Trent Sep 2 Hawaiian Airlines Loan/Finance/Refinanced

A330-240 Trent Sep 3 Hawaiian Airlines Operating Lease - Sale and Leaseback

A330-240 Trent Oct 2 US Airways EETC/ETC/PTC

A330-240 Trent Dec 1 Avolon Aerospace Leasing Loan/Finance/Refinanced BNP Paribas

A330-240F Trent Jan 1 Turkish Airlines Tax Lease BNP Paribas

A330-300HGW CF6 Dec 1 Guggenheim Aviation Partners Loan/Finance/Refinanced CA-CIB|BNP Paribas

A330-300HGW CF6 Dec 1 Guggenheim Aviation Partners Loan/Finance/Refinanced CA-CIB|BNP Paribas

A330-320HGW PW4000 Feb 1 AerCap Loan/Finance/Refinanced Helaba Landesbank Hessen Thuringen

A330-320HGW PW4000 Mar 2 Malaysia Airlines Operating Lease - Sale and Leaseback

A330-320HGW PW4000 Mar 2 Pembroke Group Loan/Finance/Refinanced Standard Chartered Bank

A330-320HGW PW4000 Apr 2 Malaysia Airlines Operating Lease - Sale and Leaseback

A330-320HGW PW4000 Jun 2 Jackson Square Aviation Loan/Finance/Refinanced Natixis Transport Finance

A330-320HGW PW4000 Aug 1 Malaysia Airlines Tax Lease BNP Paribas

A330-320HGW PW4000 Nov 1 Air Caraibes Finance Lease

A330-340 Trent Feb 5 Cathay Pacific Operating Lease - Sale and Leaseback

A330-340 Trent Feb 5 Deucalion Aviation Funds Loan/Finance/Refinanced

A330-340HGW Trent Jan 1 Turkish Airlines Tax Lease BNP Paribas

A330-340HGW Trent Jan 2 Turkish Airlines Tax Lease Natixis Transport Finance

A330-340HGW Trent Feb 1 AerCap Loan/Finance/Refinanced Helaba Landesbank Hessen Thuringen

A330-340HGW Trent Feb 3 Aeroflot Russian Airlines ECA| Finance Lease Citibank|Natixis Transport Finance

A330-340HGW Trent Feb 1 Cathay Pacific Operating Lease - Sale and Leaseback

A330-340HGW Trent Feb 1 Deucalion Aviation Funds Loan/Finance/Refinanced

A330-340HGW Trent May 2 AerCap ECA Natixis Transport Finance

A330-340HGW Trent Jul 1 AerCap ECA

A330-340HGW Trent Aug 1 Etihad Airways ECA Citibank

A330-340HGW Trent Sep 1 Thai Airways International Finance Lease BNP Paribas|Sumitomo Mitsui Banking Corp|

Development Bank of JapanA330-340HGW Trent Sep 2 Thai Airways International Finance Lease HSBC Bank|The Bank of Tokyo-Mitsubishi UFJ

A330-340HGW Trent Oct 3 Aeroflot Russian Airlines Operating Lease - Sale and Leaseback

A330-340HGW Trent Oct 2 TransAsia Airways Loan/Finance/Refinanced

A330-340HGW Trent Nov 1 Aeroflot Russian Airlines Operating Lease - Sale and Leaseback

A330-340HGW Trent Nov 1 BOC Aviation Loan/Finance/Refinanced

A330-340HGW Trent Nov 3 Egyptair ECA JP Morgan Chase Bank NA

A340-310 CFM56 Jul 1 Air France Operating Lease - Sale and Leaseback

A380-840 Trent Jan 2 Qantas ECA Citibank

A380-840 Trent Feb 2 Qantas ECA HSBC Bank

A380-840 Trent Apr 2 China Southern Airlines Loan/Finance/Refinanced Bank of China




BNP Paribas|CIC Bank|CA-CIB|

KfWIPEX-Bank|Korea Development BankCIC Bank

GECAS Avianca|TACAInternationalAirlines

BNP Paribas

Deutsche Pfandbriefbank

CA-CIB

BNP Paribas| NordLB

Citibank


Avolon Aerospace Leasing Avianca


Unconfirmed Operating Lessor Hawaiian Airlines

BNP Paribas

BNP Paribas

BNPParibas|China Trust Commercial Bank|

Helaba Landesbank Hessen Thuringen|Nord LBBNP Paribas|NordLB|ChinaTrust Commercial Bank


Pembroke Group Malaysia Airlines

Standard Chartered Bank

Jackson Square Aviation Malaysia Airlines

Credit Suisse AG|Apple Bank|BayernLB

BNP Paribas|DBS Bank

Airinvest 2 SAS

Deucalion Aviation Funds Cathay Pacific

GE Japan Corporation

BNP Paribas

Deutsche Pfandbriefbank| BPCE


Deucalion Aviation Funds Cathay Pacific

GE Japan Corporation

BayernLB

CA-CIB

Citibank

BNP Paribas|Sumitomo Mitsui Banking Corp|

Development Bank of JapanHSBC Bank|The Bank of Tokyo-Mitsubishi UFJ

GECAS Aeroflot Russian Airlines

Taiwan Co-op Bank|Industrial Bank of Taiwan|

Agricultural Bank of Taiwan|Cathay Uni Bank|

Hua Nan Bank|Yuanta Bank|Chang Hwa Bank|Jih Sun BankBOC Aviation Aeroflot Russian Airlines



Apollo Aviation Group Air France

Citibank

HSBC Bank

Bank of China





type

Month Number

of aircraft


A380-840 Trent Jun 1 Lufthansa Tax Lease Societe Generale|Commerzbank

A380-840 Trent Aug 1 Singapore Airlines Loan/Finance/Refinanced CIC Bank

A380-840 Trent Aug 1 Singapore Airlines Finance Lease EastMerchant Capital

A380-840 Trent Nov 1 China Southern Airlines ECA JP Morgan Chase Bank NA

A380-860 GP7200 Mar 1 Emirates Airline Finance Lease Doric Asset Finance



A380-860 GP7200 Mar 1 Emirates Airline Finance Lease Doric Asset Finance|Hansa Treuhand Ship Beteiligungs

A380-860 GP7200 Mar 1 Emirates Airline Finance Lease Westpac Banking Corp|Commerzbank|Doric Asset Finance

A380-860 GP7200 Apr 1 Korean Air ECA CA-CIB

A380-860 GP7200 Apr 4 Korean Air ECA CA-CIB|KfWIPEX-Bank

A380-860 GP7200 May 2 Emirates Airline Finance Lease Deutsche Bank|National Bank of Abu Dhabi|Emirates NBD

A380-860 GP7200 Jun 1 Air France Loan/Finance/Refinanced CA-CIB

A380-860 GP7200 Jun 1 Air France Tax Lease CA-CIB

A380-860 GP7200 Jun 1 Air France ECA CA-CIB|DekaBank|Helaba Landesbank Hessen Thuringen

A380-860 GP7200 Aug 1 Air France Finance Lease Dr Peters

A380-860 GP7200 Sep 2 Emirates Airline ECA JP Morgan Chase Bank NA

A380-860 GP7200 Oct 2 Emirates Airline Pre Delivery Payment

ATR 42-300 PW100 Jun 1 Nordic Aviation Capital Loan/Finance/Refinanced

ATR 42-300 PW100 Oct 1 Nordic Aviation Capital Loan/Finance/Refinanced

ATR 42-300 PW100 Dec 1 Regourd Aviation Operating Lease - Sale and Leaseback

ATR 42-300F PW100 Feb 2 Farnair Switzerland Operating Lease - Sale and Leaseback

ATR 42-300F PW100 Sep 1 Solenta Aviation Loan/Finance/Refinanced

ATR 42-500 PW100 Jun 1 Nordic Aviation Capital Loan/Finance/Refinanced

ATR 42-500 PW100 Jul 1 Solenta Aviation Loan/Finance/Refinanced

ATR 72-200 PW100 Feb 1 Aurigny Air Services Loan/Finance/Refinanced Erste Bank

ATR 72-200F PW100 Feb 1 Farnair Switzerland Operating Lease - Sale and Leaseback

ATR 72-500 PW100 Jan 6 Lion Air ECA CA-CIB

ATR 72-500 PW100 Feb 5 Lion Air ECA Undisclosed Bank/Broker/Lessor

ATR 72-500 PW100 May 4 Avation Loan/Finance/Refinanced CA-CIB

ATR 72-500 PW100 May 1 Flybe Nordic Loan/Finance/Refinanced Undisclosed Bank/Broker/Lessor

ATR 72-500 PW100 Jun 18 UTair Loan/Finance/Refinanced Intensa Sanpaolo| Unicredit

ATR 72-500 PW100 Jul 1 Fly540 ECA

ATR 72-500 PW100 Sep 3 Flybe Nordic Operating Lease - Sale and Leaseback

ATR 72-600 PW100 Feb 10 Lion Air ECA Undisclosed Bank/Broker/Lessor

ATR 72-600 PW100 May 4 Avation Loan/Finance/Refinanced CA-CIB

ATR 72-600 PW100 Aug 4 Royal Air Maroc ECA BNP Paribas|KfW IPEX-Bank

ATR 72-600 PW100 Sep 10 Azul ECA Santander|Deutsche Bank

ATR 72-600 PW100 Dec 10 UNI Air Loan/Finance/Refinanced

CRJ 1000ER NextGen CF34 Aug 3 Air Nostrum Tax Lease (HEH) Hamburger EmissionsHaus & Cie KG

CRJ 1000ER NextGen CF34 Dec 1 Air Nostrum Finance Lease

CRJ 100ER CF34 Jun 1 Graviation Flugvermietungsgellschaft Loan/Finance/Refinanced

CRJ 100LR CF34 Jun 1 Graviation Flugvermietungsgellschaft Loan/Finance/Refinanced

CRJ 200ER CF34 Feb 2 AK Bars Aero Operating Lease - Sale and Leaseback

CRJ 200ER CF34 Jun 10 ExpressJet Airlines Loan/Finance/Refinanced US Bank NA

CRJ 200LR CF34 Jul 1 Mesa Airlines Loan/Finance/Refinanced NatWest Aerospace Trust Company

CRJ 200LR CF34 Aug 1 Mesa Airlines Loan/Finance/Refinanced

CRJ 200LR CF34 Dec 2 SCAT Loan/Finance/Refinanced

CRJ 701 CF34 May 2 Lighthouse Aviation Loan/Finance/Refinanced Erste Bank

CRJ 701ER CF34 Jun 4 Loan/Finance/Refinanced

CRJ 701ER CF34 Aug 25 American Eagle Airlines Operating Lease - Sale and Leaseback

CRJ 702ER NextGen CF34 Jul 2 Ibex Airlines Operating Lease - Sale and Leaseback

CRJ 702ER NextGen CF34 Jul 1 SkyWest Airlines Loan/Finance/Refinanced

CRJ 702ER NextGen CF34 Aug 22 American Eagle Airlines Operating Lease - Sale and Leaseback

CRJ 702ER NextGen CF34 Sep 2 SkyWest Airlines Loan/Finance/Refinanced

CRJ 702ER NextGen CF34 Oct 2 SkyWest Airlines Loan/Finance/Refinanced




Commerzbank|Oberbank AG|Societe Generale

Australia & New Zealand Banking Group|CIC Bank

Australia & New Zealand Banking Group|

Sumitomo Mitsui Banking CorpNordLB

NordLB|Helaba Landesbank Hessen Thuringen

Commerzbank| Westpac Banking Corp

Sumitomo Mitsui Banking Corp|Citibank

Sumitomo Mitsui Banking Corp|Citibank|Korea Development Bank


CA-CIB

CA-CIB CA-CIB

CA-CIB|DekaBank|


CA-CIB

CIC Bank NordLB



Sparekassen Hobro

Sparekassen Hobro

CM-CIC Bail SA Regourd Aviation

OFSB Farnair Switzerland

Laserline Properties VI

Sparekassen Hobro

Investec Bank

Erste Bank

OFSB Farnair Switzerland

KfW IPEX-Bank

HSBC Bank|Afriexim Bank

Finnair Aircraft Finance Flybe Nordic

KfW IPEX-Bank

Santander|Deutsche Bank

Cathay United Bank|First Commercial Bank

Montrose Global Capital

TransCapitalBank

TransCapitalBank

Magpie Aviation Leasing AK Bars Aero

AAR Parts Trading

Sberbank

Erste Bank

Export Development Canada

American Airlines American Eagle Airlines

IBJ Leasing Ibex Airlines









type

Month Number

of aircraft


CRJ 900ER NextGen CF34 Jan 3 Estonian Air Loan/Finance/Refinanced

CRJ 900ER NextGen CF34 Aug 3 PLUNA Loan/Finance/Refinanced

Dash 8-100 PW100 Mar 1 ERA Aviation Loan/Finance/Refinanced

Dash 8-100 PW100 Dec 1 ERA Aviation Operating Lease - Sale and Leaseback

Dash 8-200 PW100 Feb 2 Dynamic Aviation Group Loan/Finance/Refinanced

Dash 8-300 PW100 Feb 2 Regent Airways Loan/Finance/Refinanced Eastern Bank

Dash 8-300 PW100 Mar 1 Wideroe Finance Lease

Dash 8-300 PW100 Mar 1 Wideroe Operating Lease - Sale and Leaseback

Dash 8-300 PW100 May 3 Compass Capital Corp Loan/Finance/Refinanced CIC Bank

Dash 8-300 PW100 Aug 1 Regional One Loan/Finance/Refinanced

Dash 8-300 PW100 Oct 3 Dynamic Aviation Group Loan/Finance/Refinanced

Dash 8-300 PW100 Dec 1 Dynamic Aviation Group Loan/Finance/Refinanced

ERJ-135ER AE 3007 Aug 2 American Eagle Airlines Operating Lease - Sale and Leaseback

ERJ-135LR AE 3007 May 1 Airlink - SA Airlink Loan/Finance/Refinanced

ERJ-135LR AE 3007 Aug 37 American Eagle Airlines Operating Lease - Sale and Leaseback


ERJ-145LR AE 3007 Jul 2 Solenta Aviation Loan/Finance/Refinanced


MD-11CF PW4000 May 1 Martinair Loan/Finance/Refinanced CA-CIB|Sumitomo Mitsui Banking Corp

MD-11F CF6 Dec 2 Aircastle Advisor Loan/Finance/Refinanced DVB Bank SE

MD-11F CF6 Dec 2 EVA Air Operating Lease - Sale and Leaseback

MD-82 JT8D Mar 4 Allegiant Air Loan/Finance/Refinanced Citadel Securities

MD-83 JT8D Feb 1 CSI Aviation Services Loan/Finance/Refinanced


MD-83 JT8D Jul 2 Jetran International Loan/Finance/Refinanced

MD-83 JT8D Nov 1 Loan/Finance/Refinanced


MD-87 JT8D Aug 1 Genesis Custom Jetliners Loan/Finance/Refinanced


Q400 PW100 Jun 1 SkyWork Airlines Finance Lease

Q400 PW100 Jun 1 SkyWork Airlines Operating Lease - Sale and Leaseback

Q400 PW100 Aug 1 SA Express Loan/Finance/Refinanced

Q400 PW100 Aug 2 SA Express Loan/Finance/Refinanced

Q400 PW100 Nov 1 SkyWork Airlines Operating Lease - Sale and Leaseback

Q400 NextGen PW100 Jan 2 Air Niugini Finance Lease

Q400 NextGen PW100 Jan 4 Qantas Finance Lease

Q400 NextGen PW100 Jun 2 Finance Lease

Q400 NextGen PW100 Jul 5 Horizon Air Loan/Finance/Refinanced

Q400 NextGen PW100 Jul 11 SpiceJet ECA

Q400 NextGen PW100 Nov 1 SA Express Loan/Finance/Refinanced

Superjet 100-95LR SaM-146 Apr 2 Armavia Operating Lease - Sale and Leaseback

NOTE: Aircraft finance deals announced during 2011 with analysis by customer, financier and aircraft type. The aircraft transaction information contained in this section includes new and second-hand deals.SOURCE: Flightglobal Ascend Online database/Flightglobal Finance Pro






State of Alaska - Department of Commerce

Frontier Alaska Aviation Trust ERA Aviation (Alaska)

PNC Bank NA

Eastern Bank

Siemens Financial Services AB

Siemens Financial Services AB Wideroe

PNC Bank NA

PNC Bank NA

PNC Bank NA


Nedbank



Investec Bank


ChinaTrust Commercial Bank

Aircastle Advisor EVA Air

New Mexico Bank & Trust

Grand Bank of Texas

American Airlines AerCap

Scope Leasing

UBS

Centaurium Aviation AG SkyWork Airlines

Newshelf 1096 (Pty)

Nicolas Mc Fall

Centaurium Aviation AG SkyWork Airlines

Champion No34


Siemens Financial Services Colgan Air



Westbank Aviation Finance

VEB-Leasing JSC Armavia

The legendary CFM56*��"��#�$'� �<�=�<��>��X$�<��XZ��>��[� ��#�''��'\��'��'�'��]��X�� \�<�]��'��www.cfm56.com/leap

*CFM, LEAP and the CFM logo are all trademarks of CFM International, a 50/50 joint company of Snecma (Safran Group) and GE.

LEAP

CFM. Generation after generation.

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AircraftFinanceReport2012-OnlineEdition

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