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SkyWorks Announces Q4 2015 Activities

Greenwich, CT
January 12, 2016 -

SkyWorks Holdings today announced transactions and activities performed during Q4 2015 for its Asset Management, Investment Banking & Management Consulting Groups.

SkyWorks Announces Q4 2015 Activities

Greenwich, CT
January 12, 2016 -

SkyWorks Holdings today announced transactions and activities performed during Q4 2015 for its Asset Management, Investment Banking & Management Consulting Groups. 

Asset Management Group Activities

Asset Management services, provided through SkyWorks Leasing, involved 65 aircraft in Q4 2015, including the following: 

SkyWorks provided investment analysis and advisory services to a U.S.-based investor with respect to 55 aircraft of various vintages and types. Services included lease reviews, residual value forecasting and detailed modeling of maintenance reserve cash flows and aircraft condition at lease expiry. These efforts resulted in the successful acquisition of three separate transactions, including two B767-300ER aircraft (s/n’s 25585 and 25586) on lease to Air Canada, three A300-600F aircraft (s/n’s 759, 766 and 794) on lease to FedEx, and one B737-700 (s/n 28782) on lease to United Airlines. All six aircraft have been added to SkyWorks’ portfolio of assets under management. 

On behalf of a U.S.-based investor, SkyWorks arranged lease extensions for four DHC8-300 aircraft (s/n’s  131, 137, 143, 149) operated by Jazz Aviation.

On behalf of Scandinavian Airlines System, SkyWorks arranged the sale of three ex-Blue1 B717-200 aircraft (s/n 55064, 55065 and 55067) to Delta Air Lines. In another transaction arranged by SkyWorks, Delta acquired two MD90-30 aircraft (s/n’s 53458 and 53459) previously on lease from SAS. 

SkyWorks repossessed a B767-300ER (s/n 26470) in Toronto, Canada, on behalf of a U.S. investor. The aircraft had previously been operated by SkyGreece Airlines. The lease was terminated and the aircraft ferried to a U.S. storage facility pending a foreclosure sale.

Investment Banking & Management Consulting Group Activities

Investment Banking and Management Consulting services, provided through SkyWorks Capital, included the following: 

SkyWorks arranged sale and leaseback financings for five 737-900ER aircraft in its capacity as advisor to Delta Air Lines. The transactions followed the closings of four additional 737-900ER sale and leaseback financings arranged for Delta earlier this year.

SkyWorks advised El Al Israel Airlines in what CEO David Maimon called “the largest aircraft acquisition program in the history of El Al”, which resulted in the order of up to nine 787 aircraft and lease agreements for another six. The order will result in the complete replacement of the El Al widebody fleet and will deliver substantial operating cost savings and an improved customer experience. 

SkyWorks was also retained by El Al to advise on its engine selection for the 787, and is currently engaged to advise, structure, and negotiate a long term engine maintenance program related to the purchased and leased 787 aircraft.

SkyWorks arranged the sale of four ERJ-145LR aircraft on behalf of Embraer Asset Management to Plane Business Leasing. The transaction followed the sale of 12 E-jets to the same buyer earlier this year, also arranged by SkyWorks on behalf of Embraer. The portfolio consisted of one E-175LR, one ERJ-145LR, two ERJ-145MP, and eight ERJ-135LR aircraft.

SkyWorks conducted an in-depth review of Sri Lankan Airlines’ widebody network and fleet, including route profitability and aircraft-specific operating and ownership costs. As part of a follow-up assignment, SkyWorks is currently assisting Sri Lankan with the implementation of possible fleet changes.

SkyWorks completed the first phase of an in-depth fleet study for an Asian network carrier using its SAAV® Aircraft Asset Value Management System. The study is focused on potential fleet replacement scenarios and a comparison of the technical and operational profiles of certain aircraft types under consideration.

About SkyWorks Holdings, LLC:

SkyWorks Holdings provides a full complement of asset management, investment banking, and management consulting services globally to the aviation industry through its subsidiaries SkyWorks Leasing and SkyWorks Capital. SkyWorks has performed services encompassing approximately 10% of the global commercial jet fleet.

SkyWorks Leasing, which operates the firm’s Asset Management Group, is a premier independent aircraft remarketing firm and provides turnkey third-party portfolio asset management, remarketing, and technical advisory services for owners and operators of commercial aircraft. SkyWorks Leasing currently manages a diverse portfolio of over 100 aircraft, including ERJ’s, CRJ’s, Airbus A319/320s and A300-600Fs, Boeing 737NGs, 757s, 767s, and 747-400Fs. 

SkyWorks Capital, which operates the firm’s Investment Banking and Management Consulting Groups, is a premier aviation advisory and investment banking firm founded in 2002. SkyWorks Capital has served over 100 clients including commercial airlines, aircraft owners, and airline/aerospace investors.  

SkyWorks operates globally with offices in Greenwich, Dublin, and Hong Kong, and senior team members located in additional regions around the world. 

SkyWorks is headquartered at 283 Greenwich Ave., 4th Floor, Greenwich, CT. 06830, Tel. 203-983-6677.  www.skyworkscapital.com

Contacts:

Anders Hebrand
Managing Director & Head of Asset Management
+1 (203)-983-6683

Matthew Landess
Managing Director & Head of Investment Banking
+1 (303)-663-6630

Scott Gibson
Managing Director & Head of Management Consulting
+1 (203)-983-6685

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SkyWorks Announces Appointment of New Managing Director and Two Senior Advisors

Greenwich, CT
December 10, 2015 -

SkyWorks Capital today announced the appointment of Douglas Walker to serve as Managing Director.  Doug is based in the Company’s headquarters in Greenwich, Connecticut.

SkyWorks Announces Appointment of New Managing Director and Two Senior Advisors

Greenwich, CT
December 10, 2015 -

SkyWorks Capital today announced the appointment of Douglas Walker to serve as Managing Director.  Doug is based in the Company’s headquarters in Greenwich, Connecticut.  Doug will originate and execute financings for airline clients, as well as advise on fleet-related matters and corporate restructurings. 

Doug has held various senior positions in the aviation industry, most recently at SMBC Aviation Capital and its predecessor, RBS Aviation Capital.  While at SMBC, Doug was a senior vice president, responsible for financings with airline clients in the Americas.  Prior to SMBC, Doug was at United Airlines, as a managing director and senior counsel.  Doug began his career as an associate with Perkins Coie LLP, where he concentrated on corporate finance, aircraft finance, and mergers and acquisitions, with an emphasis on the aerospace industry.

Doug’s unique background, as a lawyer and business executive, as well as his longstanding industry relationships will be invaluable at SkyWorks in the future.  As Thomas Mahr, CEO of SkyWorks Holdings noted, “Doug’s strong relationships with airlines in the Americas and other regions around the world will enable us to bring SkyWorks’ value-added solutions to new clients in rapidly growing aviation markets.  His addition is timely as we continue to expand our state-of-the-art tools for commercial aircraft asset management.  We have known Doug for many years and are delighted he chose to join us.”

SkyWorks also announced the appointment of two new members to its Advisory Board, Jeremy Bloomer and Marie-Pierre Dhers.

Jeremy has had numerous executive finance roles, including as a senior portfolio manager for the Airlie Opportunity Fund, a $1.1 billion credit hedge fund focused on small cap, distressed high yield bonds, as well as a founding member of GLS Inc., a specialty finance company. Jeremy was an investment banker at E.F. Hutton and began his career in 1980 at Chemical Bank.  

Marie-Pierre brings more than 20 years of experience in European airline management, with a track record of executing aircraft-related transactions, driving growth and leading large transformation projects. Prior to joining the SkyWorks Advisory Board, she held various positions at UTA French Airlines, then at Air France, including VP of Corporate Finance, VP of Strategy and Development and SVP of French Airports. 

The SkyWorks Companies provide a full complement of asset management, investment banking, and management consulting services globally to the aviation industry. 

SkyWorks is headquartered at 283 Greenwich Ave., 4th Floor, Greenwich, CT. 06830, Tel. 203-983-6677. 
www.skyworkscapital.com 

Contact:

SkyWorks Holdings, LLC
Steven T. Gaal
+1-203-983-6688

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SkyWorks Leasing announces asset management transaction for Q3 involving 12 aircraft

Greenwich, CT
October 01, 2015 -

In its capacity as advisor to fastjet Plc, a growing pan-African low cost airline (www.fastjet.com), SkyWorks has arranged the acquisition of one A319 aircraft (s/n 2891) from an entity managed by BBAM. The transaction marks the first aircraft purchase for fastjet and is added to its fleet of five leased A319s.

SkyWorks Leasing announces asset management transaction for Q3 involving 12 aircraft

Greenwich, CT
October 01, 2015 -

In its capacity as advisor to fastjet Plc, a growing pan-African low cost airline (www.fastjet.com), SkyWorks has arranged the acquisition of one A319 aircraft (s/n 2891) from an entity managed by BBAM. The transaction marks the first aircraft purchase for fastjet and is added to its fleet of five leased A319s.

On behalf of a U.S. based insurance company, SkyWorks Leasing has arranged the sale of two MD11F aircraft (s/n 48549) to Bank of America N.A. and (s/n 28771) to Hinode Aviation Investments LLC, a GA Telesis acquisition vehicle. The aircraft are on lease to Federal Express Corporation until 2018.

On behalf of a U.S. based investor, Skyworks has managed the lease return of five ERJ145LR’s (s/n’s 145078, 145080, 145080, 145091 and 145100) from ExpressJet. SkyWorks subsequently arranged the sale of the aircraft to an undisclosed investor.

On behalf of a U.S. based insurance company, SkyWorks has managed the lease return of three ERJ145EPs(s/n’s 145007, 145009, 145026) from ExpressJet. SkyWorks subsequently arranged the sale of the aircraft to H5 Enterprises, a wet lease and charter operator.

On behalf of a U.S. based financial institution, SkyWorks has managed the lease return of one ERJ145EP (s/n 145025) from ExpressJet. SkyWorks subsequently arranged the sale of the aircraft
to H5 Enterprises, a wet lease and charter operator.

SkyWorks Leasing LLC is a leading independent aircraft remarketing firm and provides turnkey third party portfolio asset management, remarketing and technical advisory services for owners and operators of commercial aircraft. SkyWorks professionals manage a diverse portfolio of 88 aircraft,including ERJ’s, CRJ’s, Airbus A319/320s and A300-600Fs, Boeing 737NG, 757s, B767s and 747-400Fs.

For further information, please visit www.skyworksleasing.com or contact us directly.

SkyWorks is located at:
283 Greenwich Ave., 4th Floor, Greenwich, CT. 06830

Contact:

SkyWorks Leasing LLC
Anders Hebrand
President
+1-203-983-6683

 

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SkyWorks Arranges Sale of 18 B757-200s to Investment JV

Greenwich, CT
March 04, 2015 -

SkyWorks Arranges Sale of 18 B757-200s to Investment JV

SkyWorks Arranges Sale of 18 B757-200s to Investment JV

Greenwich, CT
March 04, 2015 -

Philip Morris Capital Corporation, Stamford CT has sold 18 PW2037 powered B757-200 aircraft (s/n’s 24810, 24932, 25277, 25399, 26641, 26644, 26647, 26650, 26653, 26654, 26657, 26660, 26661, 26664, 26665, 26666, 26669 and 26670) to Seven Five Partners Lux, SÀRL, a special purpose vehicle established by Castlelake and Merx Aviation Finance. The aircraft had been on lease to United Airlines, Inc. since new and were sold in connection with the expiry of each lease. Aerolease Aviation and NexGen Aviation Capital, who will also serve as asset managers for the aircraft, advised the buyers on the acquisition. The transaction was arranged by SkyWorks Leasing in its capacity as advisor to Philip Morris Capital Corporation.

SkyWorks Leasing LLC is a leading independent aircraft remarketing firm and provides turn-key third party portfolio asset management, remarketing and technical advisory services for owners and operators of commercial aircraft. SkyWorks professionals manage a diverse portfolio of 88 aircraft, including ERJ’s, CRJ’s, Airbus A319/320s and A300-600Fs, Boeing 737NG, 757s, B767s and 747-400Fs.

For further information, please visit www.skyworksleasing.com or contact us directly.

SkyWorks is located at: 283 Greenwich Ave., 4th Floor, Greenwich, CT. 06830

Contact:
SkyWorks Leasing LLC
Anders Hebrand
President
+1-203-983-6683

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SkyWorks Announces Appointment of New Senior Vice President

Greenwich, CT
October 01, 2014 -

SkyWorks Announces Appointment of New Senior Vice President

SkyWorks Announces Appointment of New Senior Vice President

Greenwich, CT
October 01, 2014 -

SkyWorks Holdings today announced the appointment of Johan Claesson, who will serve as Senior Vice President of SkyWorks Leasing, and will be based in Stockholm where he will focus on further development of SkyWorks’ European platform.

Johan has extensive experience in the aviation industry, with a solid technical and operational background. He has held senior leadership positions in the airline, operational and flight safety sectors. Johan has been with the SAS Group since 2000. Most recently, he was director of aircraft trading and acquisition where he was deeply involved in several aircraft and engine order campaigns, adding aircraft to SAS’ fleet via operating leases, as well as asset management and remarketing in numerous jurisdictions.

Thomas W. Mahr, CEO of SkyWorks Holdings noted, “We are pleased to have a high caliber professional like Johan on the team. He brings valuable longstanding relationships in Europe and years of experience to our platform. He will bolster not only the SkyWorks core practice but also help us further grow and diversify our aircraft remarketing and asset management franchise in the region,” said Mahr.

The SkyWorks Companies are an aviation advisory and services group with primary offices in Greenwich, USA and Hong Kong, China providing financial, commercial, and technical advisory services; aircraft asset management; and proprietary analytical systems solutions for a wide range of global airline and financial clients.

SkyWorks is headquartered at 283 Greenwich Ave., 4th Floor, Greenwich, CT. 06830, Tel. 203-983-6677. www.skyworksleasing.com

Contact:
SkyWorks Leasing, LLC
Anders Hebrand President
203-983-6683

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SkyWorks Announces Appointment of New Global Advisory Board Member

Greenwich, CT
June 16, 2014 -

SkyWorks Announces Appointment of New Global Advisory Board Member

SkyWorks Announces Appointment of New Global Advisory Board Member

Greenwich, CT
June 16, 2014 -

SkyWorks Holdings today announced the appointment of James Stewart. James has joined as a global advisory board member.

James has extensive experience in the aviation industry and has held senior leadership positions in the OEM, MRO, finance and service sectors. He began his career at Ernst & Young, and moved on to various finance positions at Bombardier, including CFO of Bombardier Aerospace. Prior to joining SkyWorks, James was Group Chief Executive Officer of the Mubadala Aerospace MRO network, encompassing Abu Dhabi Aircraft Technologies and SR Tehnics. He was formerly the CEO, as well as the CFO of SR Technics.

James’ distinguished career accomplishments will be invaluable to SkyWorks. As Thomas W. Mahr, CEO of SkyWorks Holdings noted, “We are delighted to attract such a noteworthy presence as James to our board. We recognize the increasing importance of MRO in our industry. Along with his other talents, James will enable us to offer that unique perspective to our clients.”

The SkyWorks Companies are an aviation advisory and services group with primary offices in Greenwich, USA and Hong Kong, China providing financial, commercial, and technical advisory services; aircraft asset management; and proprietary analytical systems solutions for a wide range of global airline and financial clients.

SkyWorks is headquartered at 283 Greenwich Ave., 4th Floor, Greenwich, CT. 06830, Tel. 203-983-6677. www.skyworkscapital.com

Contact:
SkyWorks Holdings, LLC
Steven T. Gaal
President
203-983-6688

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American Cites Economics In Split CRJ And E-Jet Deal

New York
December 13, 2013 -

American Cites Economics In Split CRJ And E-Jet Deal

American Cites Economics In Split CRJ And E-Jet Deal

New York
December 13, 2013 -

American Airlines took advantage of attractive economics in its split order for up to 220 Bombardier and Embraer regional jet aircraft.

“It was fairly straight forward, both deals were very attractive economically,” says Peter Warlick, vice-president of fleet planning at the Fort Worth, Texas-based carrier, in an interview with Flightglobal. “We think we have a very attractive transaction.”

American announced the order for 30 firm Bombardier CRJ900s and 60 firm Embraer 175s, as well as options for another 40 CRJ900s and 90 E-175s, on 9 December. Flightglobal first reported the deal the day before.

The firm orders are valued at $3.92 billion at list prices, which is split $1.42 billion for the CRJ900s and $2.5 billion for the E-175s.

American has yet to make a decision on financing for the aircraft, says Warlick. Export Development Canada (EDC) and the Brazilian development bank BNDES are expected to offer export credit financing for the orders, he says.

BNDES told Flightglobal earlier in 2013 that it would offer secured financing to American for an Embraer order if the carrier selected the aircraft.

The airline has financing from the Brazilian lender for its fleet of 219 Embraer ERJ-140 and ERJ-145 aircraft, which are operated by its subsidiary American Eagle Airlines.

Bombardier and Embraer are understood to have offered American backstop financing for the orders, sources tell Flightglobal.

Warlick says that no decision has been made on whether to take backstop financing.

The CRJ900s and E-175s, which will both be configured with 76 seats, will replace 50-seat and smaller regional jets on a one-for-one basis, Warlick says.

Bombardier deliveries are scheduled to begin in the second quarter of 2014 and Embraer deliveries in the first quarter of 2015.

The scope clause in the memorandum of understanding between American and its pilots as well as those at US Airways “narrows” the airline’s ability to expand its regional fleet with the new aircraft, says Warlick.

American and US Airways merged to form American Airlines Group on 9 December.

The MOU allows for a 66- to 76-seat regional aircraft fleet that totals 40% of the combined American and US Airways mainline narrowbody fleet. This would allow for 322 large regional aircraft, based on a projected 805 aircraft narrowbody mainline fleet at the end of 2013.

The carriers will operate 125 large regional jets at the end of 2013, not including 79 CRJ900s and E-175s in the US Airways regional fleet that are exempt from the restrictions. In addition to the recent order, American will add 31 E-175s operated by Republic Airlines to its regional fleet through 2015.

American and US Airways regional fleet is capped at 75% of the combined mainline narrowbody fleet, or about 603 aircraft.

American Airlines Group-owned PSA Airlines will operate at least 30 of the new CRJ900s while the decision on the operator of the new E-175s still up in the air.

The Dayton, Ohio-based regional carrier plans to hire about 1,100 new employees to service the new aircraft, including 400 pilots and 400 flight attendants. The additional crews will also help it meet new duty and rest regulations that go into force in January 2014.

“We are very excited about this growth opportunity which will bring new employment to the Dayton area which has supported us for the past twenty-five years,” says Keith Houk, president of PSA, in a statement.

SkyWorks Capital advised American on the regional jet order, which was dubbed “project Panama” in bankruptcy court documents.

“[SkyWorks] did a very good job,” says Warlick.

Debevoise & Plimpton was legal council to American on the order.

SkyWorks is headquartered at 283 Greenwich Ave., 4th Floor, Greenwich, CT. 06830, Tel. 203-983-6677. www.skyworkscapital.com

SkyWorks Holdings, LLC
Steven T. Gaal
President
203-983-6688

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Scandinavian Airlines System Completes Md80 And Spare Engine Fleet Sale To Allegiant Air

Greenwich, CT
August 15, 2013 -

Scandinavian Airlines System Completes Md80 And Spare Engine Fleet Sale To Allegiant Air

Scandinavian Airlines System Completes Md80 And Spare Engine Fleet Sale To Allegiant Air

Greenwich, CT
August 15, 2013 -

Scandinavian Airlines System, Denmark-Norway-Sweden, (“SAS”), the Scandinavian flag-carrier (www.sasgroup.net), has today finalized the delivery stream of 12 MD82/83/87 aircraft (49383, 49605, 49606, 49607, 49609, 49611, 49642, 53010, 53011, 53165, 53337 and 53340) as well as 12 spare JT8D-217C/219 engines to Allegiant Air, Inc., and its subsidiaries, (www.allegiantair.com). The sale was agreed to in April 2011 and the deliveries have matched SAS’ continued phase-out of its MD80 fleet as part of its fleet renewal program.

SAS’ remaining 13 MD80s and eight spare JT8D-217C/219 engines are under a firm contract for sale with the final deliveries in Q1 2015. Both transactions were arranged by SkyWorks Leasing, LLC.

SkyWorks Leasing LLC is a leading independent aircraft remarketing firm and provides turn-key third party portfolio asset management, remarketing and technical advisory services for owners and operators of commercial aircraft. SkyWorks professionals manage a diverse portfolio of 98 aircraft,including ERJ’s, CRJ’s, Airbus A319/320s and A300-600Fs, MD80s, Boeing 737NG, 757s, B767s and 747-400Fs.

For further information, please visit www.skyworksleasing.com or contact us directly.

SkyWorks is located at: 283 Greenwich Ave., 4th Floor, Greenwich, CT. 06830

Contact:

SkyWorks Leasing LLC
Anders Hebrand President
+1-203-983-6683

 

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SkyWorks Appoints Klaus Heinemann to Global Advisory Board

Greenwich, CT
September 08, 2011 -

SkyWorks Appoints Klaus Heinemann to Global Advisory Board

Greenwich, CT
September 08, 2011 -

SkyWorks Holdings today announced that Klaus Heinemann has joined its Global Advisory Board.

Klaus Heinemann began his aviation career at Bank of America in 1976 as a graduate trainee. In 1981 he was appointed to Bank of America's London office to establish an Aviation Industry specialized lending unit for its EMEA division. In 1988 he moved to The Long-Term Credit Bank of Japan (LTCB) to establish its global Aviation banking franchise with offices in Tokyo, Singapore, London and New York. LTCB’s Aviation banking franchise and portfolio was sold to DVB Bank and Heinemann joined the Executive Board of DVB Bank, assisting the transformation of DVB Bank to a globally operating transportation focused bank through 2002. In late 2002 Heinemann joined the Board of AerCap Holdings NV and was appointed its CEO in March 2003. He retired from his CEO function in May 2011. Klaus was instrumental in restructuring debis AirFinance for DaimlerChrysler and preparing it for a trade sale to Cerberus in 2005.

“Klaus’s career accomplishments are quite noteworthy in both the leasing and banking industries and will enable us to offer unique insight to clients worldwide” said Thomas W. Mahr, CEO of SkyWorks Holdings. Klaus joins Paul Marini and James Chapman on the Advisory Board.

The SkyWorks Companies provide a full complement of financial advisory, aircraft remarketing and portfolio asset management services globally to aviation industry participants. SkyWorks Asia is a joint venture among SkyWorks Capital, Cathay Pacific Airways and Air China Development Corp. (Hong Kong) Ltd. SkyWorks has also partnered with ICF International, a leading provider of consulting services and technology solutions to government and commercial clients, to establish ICF-SkyWorks which offers a comprehensive array of advisory services to airlines, aviation suppliers, manufacturers, and private equity and other financial services firms.

SkyWorks is headquartered at 283 Greenwich Ave., 4th Floor, Greenwich, CT. 06830, Tel. 203-983-6677. www.skyworkscapital.com.

Contact:
SkyWorks Holdings, LLC
Steven T. Gaal
President
203-983-6688

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Scandinavian Airlines System Completes Delivery of Eight Md90 Aircraft

Greenwich, CT
August 25, 2011 -

Scandinavian Airlines System Completes Delivery of Eight Md90 Aircraft

Scandinavian Airlines System Completes Delivery of Eight Md90 Aircraft

Greenwich, CT
August 25, 2011 -

Almost exactly a year after signing leases for eight MD-90-30 aircraft with an undisclosed operator (the “Lessee”), Scandinavian Airlines System, Denmark-Norway-Sweden (“SAS”), the Scandinavian flag-carrier (www.flysas.com), has completed the delivery of the last aircraft. Five of the aircraft were previously leased to Blue1 Oy, a Finnish-based subsidiary of SAS and three aircraft had been leased to the Swiss charter operator Hello AG. The transaction comprised of all MD90s owned by SAS and is another step in its fleet renewal and streamlining program. The transaction was arranged by SkyWorks Leasing, LLC.

SkyWorks Leasing LLC provides turn-key third party portfolio asset management, remarketing and technical advisory services for commercial aircraft. SkyWorks professionals manage a diverse portfolio of 132 aircraft, including CRJ700s, ERJ’s, Airbus A319/320s and A300-600Fs, MD80s, Boeing 737NGs, 757s, B767-300ERs and 747-400Fs.

For further information, please visit www.skyworksleasing.com or contact us directly. SkyWorks is located at: 283 Greenwich Ave., 4th Floor, Greenwich, CT. 06830

Contact:
SkyWorks Leasing LLC
Anders Hebrand
President & COO
203-983-6683

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