Announcements made at ISTAT Americas Convention
Phoenix, Arizona / Access Newswire / March 3, 2025 / ISTAT Americas Antial Convention, Aircraft Engine Lease Finance, Inc (“Aelf”) in Phoenix today announced that it has acquired the A330-300 in a lease to South Africa Airlines. The 2016 vintage aircraft has serial number 1754.
“This acquisition of the A330-300 presents a unique opportunity to combine recent activities in South Africa with a wealth of experience with the A330,” said Joe Cirillo, Chief Commercial Officer. “South African Airlines is a long-standing flag carrier with a positive trajectory and we are extremely proud to be able to add it to our roster of our valued airline partners.”
AELF recently acquired, leased and funded several 737-800s in South Africa and elsewhere, and owns the A330-200 lease fleet.
“SAA is pleased and grateful for the renewal of its partnership with AELE to grow and modernize its fleet in light of the exciting research that invites Africa and beyond,” added John Lamora, CEO of South Africa Airlines.
The transaction was arranged by Dutch Corporate Arena Air Capital. “This transaction is our first deal with AELE to congratulate us on the acquisition and the smooth closing of our professional deals,” said Eric Dahmen, Arena's Chief Commercial Officer. Furthermore, with the exception of traditional aircraft lease management, it is a testament to our desire to add value from third-party services and generate more revenue. ”
About the Elf
Aircraft Engine Lease Finance Inc. (“AELE”) is an experienced commercial aircraft lender. Chicago-based AELF offers customized, flexible financing solutions for airlines and commercial aircraft operators around the world. AELF has been in operation for 10 years and is currently focusing on the 737NG market and is continuously expanding its commercial aircraft and engine portfolio.
About South African Airlines
South Africa Airlines (SAA) in the 90th skies is Africa's most awarded Skytrax airline and a proud carrier of South Africa's flags, connecting domestic, regional and international destinations.
Arena Air Capital
Arena Aviation Capital is a globally recognized aircraft lease and asset management company specializing in structuring and managing aircraft investments. The Arena, which has its main offices in Amsterdam and Dublin, manages more than 50 aircraft and engine assets today leased to 25 airline customers in Europe, North and South America, Africa and Asia. With its commitment to excellence and innovation, Arena Air Capital partners with investors to provide solutions tailored to aircraft leases and asset management. For more information, please visit www.arena-aviationcapital.com
Source: Aircraft Engine Lease Finance, Inc.
