Jetscape

Jetscape

Type	Private
Industry	Aircraft Leasing, Management & Remarketing
Founded	2000
Headquarters	Road Town, BVI Fort Lauderdale, Florida Sliema, Malta
Area served	Worldwide
Key people	John Evans, CEO Alan G. Stanford, Jr., CFO
Number of employees	26
Website	www.jetscape.aero

Jetscape is an independent commercial aircraft lessor and provider of aircraft management, re-marketing, and consulting services, with headquarters in Road Town, British Virgin Islands with offices in Fort Lauderdale, Florida and Sliema, Malta.^[1] The company focuses on the sub-130 seat commercial aircraft leasing market, leasing aircraft to airlines throughout North America, Latin America, Europe, Africa, the Middle East, and Australasia. Jetscape owns and leases 47 aircraft to 12 airlines in 12 countries.

Within the aviation services sector, the company manages and re-markets narrow-body, wide-body, and regional aircraft on behalf of third parties. Jetscape manages 15 aircraft on behalf of Finnair and Virgin Australia. The company has acted as the re-marketing agent of 42 aircraft for Finnair, JetBlue, Mexicana, TAM, and Virgin Australia.

In 2012, Flight Global Insights ranked Jetscape as the second largest lessor of regional jets and 34th largest commercial aircraft lessor by fleet value.^[2]

History

Jetscape was founded in 2000 as an aircraft lessor and management / re-marketing services provider. In 2002, Jetscape acquired International Aircraft Investors, a NASDAQ listed aircraft lessor with a portfolio of 14 commercial jet aircraft. The portfolio consisted of a fleet of Boeing 727-200, 737-300 and -400, 757-200, MD-80, and Airbus A320-200 aircraft. The majority of these aircraft have since been sold.

From 2003-2006, the company focused on opportunistic transactions acquiring Airbus A320 and Boeing 737 aircraft. The majority of these aircraft were sold in 2006 and 2007.

In 2006, Jetscape was appointed exclusive re-marketing agent to JetBlue for the sale of A320 aircraft and arranged the sale of 18 such aircraft from 2006 to 2008.

In January 2008, Jetscape signed a purchase agreement with Embraer for the purchase of up to 30 E-Jets.^[3] From 2008 through to 2012, Jetscape placed 42 Embraer E-Jets with 16 airlines for its own portfolio and on behalf of its customers.

In August 2008, the company completed a private placement of $40 million of equity.^[4]

In December 2008, the company closed $127 million debt financing facility with DVB Bank, which was increased to $153 million in 2009. The financing was awarded the 2009 Aircraft Debt Deal of the Year – South America by Jane’s Transport Finance^[5] and the 2009 Regional Aircraft Deal of the Year by Airfinance Journal.^[6]

In 2009 Jetscape received approval from BNDES for financing of up to 10 new Embraer E-Jets with a debt financing commitment of $261 million.^[7]

In January 2011, the company completed a merger and restructuring transaction and an equity capital placement with M1 Commercial Jets (M1CJ)

In March 2013, Jetscape launched a brand new website.

On December 19 of 2014, Jetscape completed a $380.5 million Series 2014-1 Asset Backed Securitization ("ABS"), Eagle I Limited, with the most tightly-priced yield of any aviation ABS since the global financial crisis.

On January 19 of 2015, Jetscape was awarded "Debt Deal Of The Year" award for the Eagle I Limited Securitization at the Airline Economics Conference.

On May 28th of 2015, Jetscape was awarded "Regional Aircraft Deal Of The Year" by the AirFinance Journal for the Eagle I Limited Securitization.

Fleet

Owned:

Jetscape owns the following fleet consisting of 32 commercial aircraft:

1 Embraer E170AR
3 Embraer E170LR
8 Embraer E175STD
7 Embraer E190AR
11 Embraer E190LR
2 Embraer E195LR

Managed:

Jetscape manages the following fleet consisting of 15 commercial aircraft:

12 Embraer E170LR
2 Embraer E190LR
1 ATR 72-500

Current Airline Customers by Region

North America: Delta Air Lines, Air Canada

Latin America: Aeroméxico, Austral Líneas Aéreas, Azul Linhas Aereas, Avianca Airlines, TAME

Europe: Alitalia, BA Cityflyer, Estonian Air, LOT Polish

Africa/Middle East: Kenya Airways, Royal Jordanian Airlines

Australia/Asia: Air Astana, Airnorth

Services

Aircraft leasing
Aircraft management and re-marketing
Consulting and advisory services relating to insurance, technical inspections, repossession, and aircraft lessee monitoring.

References

http://www.airfinancejournal.com/Article/3462195/Regional-JetTurboprop-Deal-of-the-Year-2014.html

External links

Jetscape

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