ABL Aviation, the global independent aircraft investment management firm, is pleased to announce it has successfully completed another e-delivery of a new Airbus A320neo aircraft for Pegasus Airlines, on behalf of ABL Aviation’s Japanese partner.
The transaction follows the industry’s first ever 100% remote delivery of an aircraft, also arranged by ABL Aviation for Pegasus Airlines last April in the immediate wake of the Covid-19 pandemic. Both arrangements reflect ABL Aviation’s focus on technology-led solutions to ensure the aviation industry continues to innovate and drive efficiency. During the pandemic, the e-delivery also secures a safe working environment on behalf of investors, clients and employees.
This deal completed against the backdrop of growing airline demand for newer, more fuel-efficient narrowbody aircraft, driven by the anticipation of a quicker recovery of short-haul and domestic travel.
E-deliveries comprise three phases: technical acceptance completion, electronic transfer-of-title; and ferry-flight and subsequent reception of the aircraft at the customer’s base. E-deliveries mean that none of the customer’s own staff need to be physically present at the Airbus delivery centre, making it more environmentally friendly too.
Nishimura & Asahi acted as legal counsel to the lessor, Clifford Chance represented the lender, and Holland & Knight acted on behalf of Pegasus Airlines.
Commenting, Ali Ben Lmadani, CEO of ABL Aviation, said: “Today’s announcement is further evidence of our innovative approach to supporting airlines worldwide, despite the challenging operational environment resulting from COVID-19. ABL Aviation has always endeavoured to develop industry leading tech-led solutions which have allowed us to continue arranging vital transactions during this period and be at the heart of the recent uptick in sector activity and aircraft demand.
“We are thrilled to complete another e-delivery for Pegasus Airlines with whom we have enjoyed a longstanding relationship. Given the success of this virtual delivery solution we are excited by the opportunity of building this option into our ‘new normal’ in the future”.