ABL AVIATION ANNOUNCES THE CLOSING OF THE FOURTH A321NEO TO PEGASUS AIRLINES

May 2023 - ABL Aviation announces closing of fourth A321neo to Pegasus Airlines ABL Aviation, the global independent aircraft investment management firm, is pleased to announce it has successfully completed another delivery of a new Airbus A321neo aircraft for Pegasus Airlines, on behalf of ABL Aviation's Japanese partner, financed through a Japanese operating lease with call option (JOLCO) structure. This aircraft is the fourth A320neo Family unit delivered under the same structure to Pegasus. The transaction follows an April 2020 deal also arranged by ABL Aviation for Pegasus Airlines. Closed at the height of the COVID-19 pandemic, the transaction marked the industry's first-ever 100% remote delivery of an aircraft. Commenting, Ali Ben Lmadani, CEO of ABL Aviation, said: "We are thrilled to complete another delivery for Pegasus Airlines with whom we have enjoyed a longstanding relationship. This fourth transaction reflects our strong partnership with Pegasus and demonstrates our commitment to creating tailored solutions and financing environmentally friendly new generation Airbus NEO aircraft to support our customers' growth targets."