Jackson Square Aviation (“JSA”) has announced the delivery of its fourth Boeing B737-846 aircraft to Japan Airlines, as part of a long-term operating lease. Senior debt for the aircraft was provided by DVB Bank SE.
“We are thrilled to provide JAL with financing for this aircraft,” said Toby Bright, JSA’s Head of Marketing. “Despite all of the difficulties that Japan is experiencing, the airline has proven to be remarkably resilient and supportive in a challenging environment. This is the fourth out of five 2011 deliveries we have in place with JAL, and the second since the earthquake, demonstrating our strong commitment to JAL. We believe in JAL’s well-constructed recovery plan and we know that it will continue to be a great airline for generations to come.”
Jackson Square Aviation is a full-service aircraft leasing company based in San Francisco with offices in Seattle, London, Toulouse and Miami, with an Asian office opening later in 2011. The management team, which had previously worked together at Pegasus Aviation Finance Company, has over 100 years of combined industry experience. JSA’s current fleet (owned and committed) includes nearly 70 aircraft valued in excess of $3 billion, originated via sale/leasebacks with many of the world’s leading airlines. Led by the seasoned aircraft leasing trio of Richard Wiley, Toby Bright and Scott Weiss, the team has collectively acquired over $10 billion of aircraft, has purchased and/or remarketed over 400 aircraft, and has developed relationships with over 30 commercial lenders and investment banks across Europe, Asia and North America. JSA’s primary shareholder is Oaktree Capital Management, L.P., an $80+ billion institutional money manager based in Los Angeles.
Web Site: www.jacksonsquareaviation.com
Image by BenjaminThompson via Flickr.