Contrail Aviation Support discloses full year 2019 transactions

Contrail Aviation Support has completed a record 26 key asset transactions during its full year FY2019 financial results, spanning acquisitions, leases, and sales of commercial aircraft and jet engine parts. The company acquired two A319-100 aircraft powered by V2500-A5 engines subject to stub-lease from a major global lessor. The remaining lease term has been optimised to create an end-of-life scenario at lease expiry, which will result in a mix of part-out and follow-on lease engines for the company’s parts business and lease portfolio. Alongside this, two 737-700 aircraft were acquired, each equipped with two CFM56-7B22 engines from a major global