Lessor Falko Adds First Embraer E190 Regional Jet to its Portfolio

Falko Regional Aircraft Limited (Falko) today announced that it has added one Embraer 190-100LR aircraft to its portfolio in an acquisition from a subsidiary of Augsburg Airways. The aircraft has been immediately placed under operating lease agreement with Bora Jet Havacilik Taşimacilik Uçak Bakim Onarim ve Ticaret Anonim Şirketi (Bora Jet) of Turkey.

The acquisition of Falko’s first Embraer manufactured aircraft is another milestone in the continuing growth and development of the Lessor’s portfolio and comes just a few months after the company’s acquisition of Bombardier Q400 NextGen and CRJ900 NextGen aircraft. The 2009 vintage aircraft has been placed on lease by Falko to Bora Jet where it forms part of an expanding EJet fleet anticipated to reach eight units by the end of 2014.

“The addition of this aircraft to the portfolio serves to further highlight the on-going growth and expansion of Falko’s business and illustrates our ability to source regional jet acquisitions as well as originate lease transactions” said Mark Hughes, Executive Vice President – Corporate Finance, Falko Regional Aircraft Limited. “As another new lessee joins the Falko portfolio the strength of the company’s pipeline continues to underpin further growth. This purchase underlines a commitment to all regional aircraft types and reflects a strong acquisition strategy that has resulted in the addition of 14 aircraft to the portfolio over the last 18 months. With further transactions approaching completion we look forward to making further announcements regarding the addition of more aircraft to our expanding portfolio.”