Capital Lease Aviation sold three Fokker F100s from its Australian leasing subsidiary to Skywest Airlines in a move that allows the company to concentrate on its growth, according to its managing director Soeren Ferre.
"We recorded a small loss on the sale of the three F100s, but considering the complexity of the transaction and the asset type, it was a good deal for Capital Lease Aviation," says Ferre.
The operating lessor has two Airbus A321s and one A320 left in its portfolio but Ferre tells Flightglobal that Capital Lease plans to acquire more aircraft.
"We have shortlisted four assets and signed one letter of intent for one aircraft with one party," says Ferre.
Capital Lease will tap the used market again for assets with leases attached. According to him, the leases vary from three years to six years.
"Most lessors that have entered the market focus on new aircraft. Capital Lease is building a portfolio of aircraft older than five years of age," he says.
The lessor is waiting for confirmation from the seller for another aircraft while it is in advanced negotiations on a third aircraft. The lessor has already signed term sheets for the financing of those aircraft, according to Ferre.
He says the assets under review include A320 family aircraft, Boeing 737s and turboprops such as the ATR and Bombardier Q400s because "their lease rate factor is much higher than the jet aircraft".