Jetscape
Jetscape is an independent commercial aircraft lessor and provider of aircraft management, re-marketing, and consulting services, with headquarters in Road Town, British Virgin Islands with offices in Fort Lauderdale, Florida, United States and Sliema, Malta.. The company focuses on the sub-130 seat commercial aircraft leasing market, leasing aircraft to airlines throughout the United States and Canada, Latin America, Europe, Africa, the Middle East, and Australasia. Jetscape owns and leases 24 aircraft with 12 airlines in 11 countries.
Within the aviation services sector, the company manages and re-markets narrow-body, wide-body, and regional aircraft on behalf of third parties. Jetscape manages 21 aircraft on behalf of Erste Bank, Finnair, Grupo Financiero Inbursa, International Lease Finance Corporation, and Virgin Australia. The company has acted as the re-marketing agent of 45 aircraft for Finnair, JetBlue, Mexicana, TAM, and Virgin Australia.
In 2012, Flight Global Insights ranked Jetscape as the second largest lessor of regional jets and 34th largest commercial aircraft lessor by fleet value.
History
Jetscape was founded in 2000 as an aircraft lessor and management / re-marketing services provider. In 2002, Jetscape acquired International Aircraft Investors, a NASDAQ listed aircraft lessor with a portfolio of 14 commercial jet aircraft. The portfolio consisted of a fleet of Boeing B727-200, B737-300, B737-400, B757-200, MD-80, and Airbus A320-200 aircraft. The majority of these aircraft have since been sold.
From 2003-2006, the company focused on opportunistic transactions acquiring Airbus A320s and Boeing 737 aircraft. The majority of these aircraft were sold in 2006 and 2007.
In 2006, Jetscape was appointed exclusive re-marketing agent to JetBlue for the sale of A320 aircraft and arranged the sale of 18 such aircraft from 2006 to 2008.
In January 2008, Jetscape signed a purchase agreement with Embraer for the purchase of up to 30 E-Jets. From 2008 through to 2012, Jetscape placed 42 Embraer E-Jets with 16 airlines for its own portfolio and on behalf of its customers.
In August 2008, the company completed a private placement of $40 million of equity.
In December 2008, the company closed $127 million debt financing facility with DVB Bank, which was increased to $153 million in 2009. The financing was awarded the 2009 Aircraft Debt Deal of the Year – South America by Jane’s Transport Finance and the 2009 Regional Aircraft Deal of the Year by Airfinance Journal.
In 2009 Jetscape received approval from BNDES for financing of up to 10 new Embraer E-Jets with a debt financing commitment of $261 million.
In January 2011, the company completed a merger and restructuring transaction and an equity capital placement.
Fleet
Owned:
Jetscape owns the following fleet consisting of 24 commercial aircraft:
- 1 Embraer E170 AR
- 1 Embraer E175 LR
- 3 Embraer E175 STD
- 7 Embraer E190 IGW
- 11 Embraer E190 LR
- 1 Embraer E195 LR
Jetscape has commitments to purchase and lease 1 E195LR.
Managed:
Jetscape manages the following fleet consisting of 21 commercial aircraft:
- 2 Airbus A319-100
- 1 Boeing 737-400
- 2 Bombardier Dash8-Q400
- 15 Embraer E170LR
- 1 McDonnell Douglas MD-83
Current Airline Customers by Region
United States and Canada: Delta Air Lines, Republic Airways
Latin America: Aeromexico, Azul Linhas Aereas, TACA Airlines, TRIP Linhas Aereas, Volaris
Europe: Alitalia, Darwin Airline, Estonian Air, Finnair, LOT Polish, S7 Airlines
Africa/Middle East: Gulf Air, Kenya Airways, Royal Jordanian Airlines
Australia/Asia: Air Astana, Airnorth, Virgin Australia
Services
- Aircraft leasing
- Aircraft management and re-marketing
- Consulting and advisory services relating to insurance, technical inspections, repossession, and aircraft lessee monitoring.