SkyWorks Holdings today announced transactions and activities performed during Q1 2022 for its Leasing & Asset Management and Investment Banking & Advisory Groups.
Quarterly activity release
SkyWorks Announces Q1 2022 Activities
Leasing & Asset Management Group activities
- On behalf of a US-based investor, SkyWorks arranged the sale of one off-lease A320 aircraft.
- On behalf of an institutional investor client, SkyWorks closed on the acquisition of one off-lease CFM-powered A321neo LR, managed by SkyWorks Leasing (Ireland) Limited and available for lease.
- On behalf of a US-based investor, SkyWorks arranged the lease extension of three A320-200 aircraft currently on lease with American Airlines.
- On behalf of a Middle East-based leasing company, SkyWorks managed the lease returns and arranged the subsequent sales of seven CFM56-5B engines.
- On behalf of a US-based lessor, SkyWorks arranged the sale of two GEnx-2B engines on lease to GE.
- SkyWorks was retained to remarket 737-800 aircraft, E175 aircraft, and GE90-115 engines for lease or sale.
Investment Banking & Advisory Group activities
- SkyWorks was retained as arranger and advisor to Spirit Airlines in connection with sale and leaseback financing of its 2023 A320neo deliveries.
- SkyWorks completed its assignment as fleet restructuring advisor to Aeromexico as part of its Chapter 11 restructuring, including order book restructuring, renegotiating more than 115 aircraft lease and loan agreements, and arranging the lease-in of more than 30 narrowbody aircraft.
- SkyWorks completed an assignment acting as advisor to WestJet Airlines in connection with the lease-in of six 737 MAX 8 aircraft from SMBC Aviation Capital.
- SkyWorks and Spirit closed on leases of 40 incremental A320neo family aircraft in addition to 23 A320neo sale-leasebacks as part of last year’s campaign.
- SkyWorks completed assignments for a North American network carrier, a financial investor, and a US-based institutional investor, and continued fleet-related advisory work for Royal Jordanian Airlines and Flybe.