Malindo Air takes delivery of two ATR72-600 from CAC

Darren Wood
By Darren Wood October 8, 2019 09:23

Malindo Air takes delivery of two ATR72-600 from CAC

Malindo Air, a Malaysian operator forming part of the Lion Air Group, has taken two ATR72-600 aircraft on lease from Chorus Aviation Capital.

Earlier this year, CAC also delivered two new ATR 72-600 aircraft for lease to Malindo Air, bringing the total number of aircraft leased by CAC to the Lion Air Group to five.

These deliveries take CAC’s overall announced commitments to 58 for its regional aircraft leasing business.

Steve Ridolfi, president, CAC, said: “We are delighted to expand our relationship with Malindo Air and the Lion Air Group in the fast-growing and increasingly significant Southeast Asian market.

“So far this year, we’ve secured lease commitments for 24 aircraft and continue to evaluate several additional opportunities. To date, we’ve grown the value of our leasing portfolio to approximately $1.1 billion with $815 million in future contract lease revenue.”

Upon the completion of this transaction, and four pending aircraft deliveries to other customers, CAC’s portfolio will include 46 turboprops and 12 regional jets.

When the aircraft earning leasing revenue under the capacity purchase agreement are added to the aircraft in CAC’s portfolio, Chorus’ total leased portfolio grows to 124 aircraft valued at approximately $2 billion.

Darren Wood
By Darren Wood October 8, 2019 09:23