JETSCAPE ACQUIRES ITS FIRST E170AR
Leases Aircraft To AirNorth
08-APR-09
Fort Lauderdale, Florida, April 8, 2009 – Jetscape is pleased to announce that today it has delivered a new Embraer E170AR aircraft (MSN 17000280) to Airnorth, Darwin, Australia. The aircraft was purchased directly from Embraer by Jetscape and placed on a ten year lease. This aircraft is part of Jetscape’s previously announced order for up to thirty E-Jets, is the seventh new E-Jet acquired by Jetscape since December 2008 and its first E170 aircraft. Airnorth is a new Jetscape customer and this is the Company’s first aircraft leased into Australia.
Financing for the aircraft was provided by DVB Bank SE, Frankfurt, Germany as part of Jetscape’s recently announced facility. This financing brings the facility to seven E-Jets financed by DVB for Jetscape.
“We are pleased to announce the lease of our first E170 aircraft to our newest customer, Airnorth,” said John Evans, Jetscape’s Chairman and CEO. “We are very impressed with the management team and business plan of this premier regional airline of Northern Australia. We are also pleased to have extended Jetscape’s leasing reach to the continent of Australia. We appreciate DVB’s continuing belief in Jetscape and their support of this lease transaction.”
About Airnorth
Established in 1978, Airnorth operates scheduled services to destinations in the Northern Territory, Queensland and Western Australia as well as to Dili in East Timor, and Kupang in Indonesia. Contract charter services are also flown in support of oil exploration and mining companies, as well as the Australian armed forces and government entities. Ad hoc charters are also offered, to destinations as far away as Indonesia, Malaysia and the Philippines. With delivery of this aircraft, Airnorth will operate two E170s in addition to nine turboprop aircraft.
About Jetscape
Jetscape was founded in 2000 and engages in commercial aircraft leasing, management, remarketing and advisory services – providing innovative, custom-tailored solutions to commercial aircraft owners and operators worldwide. With this transaction, Jetscape currently owns and manages 26 aircraft with 18 airline operators in 13 countries on 5 continents.
Contact: Stefan Kageman, Vice President Marketing (skageman@jetscape.aero) +1-954-763-4737