UPDATE: Transportation Partners announces Lion Group’s first JOL transaction for one 737-800 on lease from FPG to Malindo Air

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By TESTCustomwebLP TESTCustomwebLP July 5, 2016 10:52

UPDATE: Transportation Partners announces Lion Group’s first JOL transaction for one 737-800 on lease from FPG to Malindo Air

Transportation Partners (TP) and FPG Amentum, the Dublin-based aircraft leasing company which is part of Financial Products Group, have announced the delivery of one new Boeing 737-800 (MSN 38303). The aircraft is on a Japanese Operating Lease (JOL) to Malindo Air, part of the Lion Group of airlines.

John Duffy, Chief Operating Officer at TP, said: “Although TP is only four years old, we have now assisted airlines in arranging finance for almost 200 aircraft, both within and outside the Lion Group. With over 400 narrow-body aircraft still to deliver, developing new sources of capital such as the prestigious JOL market, will continue to be one of the firm’s strategic imperatives. Hats off to the team at FPG Amentum for their achievements on this deal”.

Commenting, Hisanaga Tanimura President and CEO of FPG: “We are delighted to launch the Lion Group in the JOL market. Demand for the right aircraft is strong in the Japanese market and FPG continues to expand its airline client base with targeted asset acquisitions. We would like to thank Transportation Partners and the Lion Group for entrusting us with their continued support in reaching this important milestone as the Lion Group implements its expansion plans across the region”.

Commenting, Mitchel Simpson, Chief Financial Officer of FPG Amentum: “This delivery marks our eighth aircraft on lease across the Lion Group so we are particularly pleased that together with FPG we have introduced Lion to the Japanese market”.

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By TESTCustomwebLP TESTCustomwebLP July 5, 2016 10:52