William Charles Snyder’s Post

Navigating Turbulence: GoAir's Insolvency and the Ripple Effects on the Indian Aviation Industry GoAir, rebranded as Go First, has been grappling with significant financial difficulties since filing for insolvency in May 2023. The airline cited losses due to faulty Pratt & Whitney engines, leading to the grounding of several aircraft and substantial financial losses totaling ₹10,800 crore. Amid these challenges, lessors have moved to reclaim their aircraft, complicating GoAir's operations further. Despite initial interest from various bidders, including billionaire Naveen Jindal and Easy My Trip's CEO Nishant Pitti, both parties have withdrawn their bids due to the complexity and financial instability of GoAir. The Wadia Group, GoAir's parent company, is exploring several revival strategies, but the future remains uncertain. Meanwhile, SpiceJet, led by Ajay Singh, faces its own set of challenges. The Supreme Court has ordered SpiceJet to clear outstanding dues of $1.25 million to Credit Suisse, while the Delhi High Court granted temporary relief by setting aside an order to repay ₹5.79 billion to former promoter Kalanithi Maran. Additionally, three lessors have initiated insolvency claims against SpiceJet over unpaid dues of ₹77 crore. These developments underscore the volatile nature of the aviation industry, where financial and operational hurdles can quickly cascade into broader crises. Stakeholders and investors remain on edge, anticipating the next steps in the restructuring of GoAir and the financial maneuvers of SpiceJet. Stay tuned as we continue to monitor this unfolding story and its implications for the Indian aviation market. #GoAir #SpiceJet #AviationIndustry #Insolvency #FinancialChallenges #LegalBattles #AirlineIndustry .

In Q4 2023, Falko was involved in transactions relating to thirty-one aircraft during the quarter. Falko delivered six aircraft on lease and extended the leases relating to a further six aircraft. On the acquisition side, Falko added two aircraft to its Regional Aircraft Opportunities Fund II: one ATR72-500 on lease to Blue Islands from Aergo Capital and one CRJ900 on lease to Air Canada, part of a four aircraft deal with Castlelake. On the aircraft trading side, two ATR72 aircraft were sold from the portfolio. In addition, Falko signed Letters of Intent (LOI) relating to the lease of two aircraft and the sale of eleven aircraft. A Sale and Purchase Agreement (SPA) was also signed, relating to the sale of two A220-300 to Macquarie AirFinance which concluded in January 2024. Activity is evenly split between the regional jet and turboprop product types. Falko’s total activity during the whole of 2023 related to eighty-two aircraft. This included the addition of fourteen aircraft, the sale of four aircraft and new leases or lease extensions relating to thirty-one aircraft. In addition, LOIs and an SPA were signed relating to a further thirty-two aircraft, with one aircraft delivered on lease to a customer pursuant to a lease signed in the prior year. As at 31 December 2023, Falko’s portfolio totalled 270 aircraft on lease to 41 customers worldwide. #regionallessor #regionalaircraft #aircraftleasing #aviation #aircrafttrading #announcement #Embraer #ATR #Airbus #DeHavilland #MHIRJ

#AssetFinance attorney Debra Erni is set to moderate an insightful panel discussion with representatives from SMBC Aero Engine Lease B.V., Rolls-Royce and Clover Aviation Capital on the intricacies of commercial #aircraft engine leasing, #finance, #trading and #investment at Airline Economics' Growth Frontiers conference in #Tokyo. This event will offer valuable insights into the trends and dynamics of #aviation finance and investment.

Following the #Spirit rating action, my Aircraft Lease ABS colleagues and I have prepared a short note on its impact on Aircraft Lease ABS transactions. #ABS #StructuredFinance #AircraftLeaseABS #FitchRatings

Thanks for staying on top of the news Gary Vermaak . You’re spot on asking where are the bidders for the technology that is embedded in Lilium. There should be lots of interested players, but they may sit on the sidelines to see how the market matures with FAA and EASA regulations, and adjustments in the markets due to the US elections. If Lilium is still on the block in six months, I imagine some sort of acquisition is not out of the question. #aam #lilium #singleseatconsulting

Acquiring a business jet is a significant investment that demands expertise, meticulous planning, and an in-depth understanding of the aviation industry. The process involves careful evaluation of market options, detailed inspections, and strategic negotiations to ensure the best value for your investment. From identifying the right aircraft to navigating the complexities of financing and legal requirements, every step requires a dedicated approach to achieve a successful and seamless acquisition. #NAFA #AviationNews #AviationLovers #Aviation #BusinessAviation #PrivateAviation

Nordic Aviation Group files for bankruptcy? NO surprise, never member had a sustainable strategy, just going where the wind blows! -------- Nordic Aviation Group filed (04-Dec-2024) a petition with the court on 29-Nov-2024 to declare Nordica and Xfly bankrupt. Temporary receivers were appointed for Nordica and the court imposed a restriction on all transactions with Nordica's assets, as of 04-Dec-2024. The court will also appoint a temporary bankruptcy administrator for Xfly in the future. The majority of aircraft leased by Nordic Aviation Group were returned to the destination specified by the leasing companies. Nordic Aviation Group also returned aircraft owned by Transporti Varahaldus OÜ to Tallinn Lennart Meri Airport. The company's debts amount to EUR38 million, after deducting the value of assets.

Vedder Price is proud to share its representation of Macquarie AirFinance with the acquisition of an additional portfolio of 23 aircraft from ALAFCO Aviation Lease and Finance Company. The successful transaction featured the work of Shareholders Geoff Kass, Cameron Gee and Justine Chilvers, Partner John Pearson and Associate Joshua Alexander. Read more details on the acquisition below. #PortfolioAcquisition #GlobalTransportationFinance #AviationFinance

TrueNoord CEO, Anne-Bart Tieleman, discusses the regional aircraft leasing sector and increasing lease rates in the August/September issue of LARA. Tieleman explains how a sale and leaseback (SLB) deal works and its main purpose, “A leasing company, like TrueNoord, steps in to take over the ownership of the aircraft and agrees to lease it back for an agreed period to the airline. “The airline can operate the aircraft as intended, but has put the financing of the aircraft with the lessor. For this ‘capital’ service, the lessor will charge a monthly rental amount which will mainly comprise the capital costs involved with ownership of the aircraft.” To read the full article, click here: https://lnkd.in/eU8avTSZ Bernie Baldwin #TrueNoord #RegionalAircraft #AircraftLeasing #AviationIndustryNews #LARA

A quick tip for anyone thinking about buying or selling an aircraft. Investing in a professional aircraft transaction specialist often pays off in the long run. While there's a cost involved, it's usually outweighed by the savings they generate. These specialists help you make strategic decisions and manage risks effectively. With their negotiation skills, industry connections, insights, and ability to analyze actionable data, they can lead to monetary benefits, time-saving efficiencies, stress reduction, and consensus between buyer and seller. Find more tips in our team "Straight Talk" about Navigating a Private Jet Acquisition or Sale. https://lnkd.in/guQ8Fx6e Connect with our team: Ann Pollard, RENE CARDONA, Tim Barber, Doug Roth, Robert Suarez, Leah Alexander, Ryan Huss, Rebekah Williams, M.A., Meghan Knott