SkyWorks Announces Q1 2018 Activities

Greenwich, CT.
May 03, 2018

SkyWorks Announces Q1 2018 Activities

SkyWorks Holdings today announced transactions and activities performed during Q1 2018 for its Asset Management, Investment Banking, & Management Consulting Groups. 
 
Asset Management Group Activities:
Asset Management Services, provided through SkyWorks Leasing, included transactions for eight aircraft and additional services as follows:
  • On behalf of a U.S. financial institution, SkyWorks arranged lease extensions for two A320s on lease to United Airlines.
  • On behalf of a U.S. investor, SkyWorks sold a B737-700 on lease to a U.S. major airline, scheduled to expire later this year. 
  • On behalf of a U.S. investor, SkyWorks managed the lease return of a B747-400 on lease to a U.S. major airline, arranged the sale of two of the engines and put LoI’s in place for the sale of the airframe and the two remaining engines.
  • On behalf of two U.S. investors, and in two separate transactions, SkyWorks arranged the sale of three B777-200ERs on lease to a U.S. major airline. 
  • On behalf of a U.S. investor, SkyWorks arranged a lease extension for one A319 on lease to Bangkok Airways.
  • SkyWorks signed an exclusive engagement with Air Canada to remarket its fleet of E190 aircraft, which will be successively replaced by Bombardier C Series aircraft in 2018-20. Six aircraft are offered for sale or lease in 2H 2018.
  • SkyWorks is also offering two 2006 vintage A330-300 (RR), available for sale or lease in October 2018.  
 

 

Investment Banking & Management Consulting Group Activities:
Investment Banking and Management Consulting Services, provided through SkyWorks Capital, included the following: 
  • SkyWorks arranged a JOLCO financing on behalf of Aeromexico for a 787-9 aircraft. Fuyo General Lease Co., Ltd. and Tokyo Century Corporation jointly underwrote the equity investment. CA-CIB provided the debt financing. 
  • SkyWorks was retained as arranger/advisor to Delta Air Lines under a 2018 engagement to arrange sale and leaseback financing for narrowbody aircraft.  During the quarter, seven A321-200 closings were completed. 
  • SkyWorks provided fleet- and network-related advisory services to Fiji Airways, including long-term market growth analysis and schedule-driven operational cost reduction and aircraft acquisition advisory services. 
  • SkyWorks provided fleet-related advisory services to Royal Jordanian Airlines, including lease extension/returns and aircraft acquisition advisory services. 
  • SkyWorks provided strategic advisory services to a Middle East investor.
  • SkyWorks provided investment advisory services to a Japanese investor in respect of an aircraft operating lease. 
  • SkyWorks was retained by a North American low cost carrier to provide aircraft sourcing and fleet-related advisory services.
  • SkyWorks continued to act on behalf of Atlas Air Worldwide Holdings in respect of 20 767-300ERFs that it is acquiring to operate for Amazon Fulfillment Services, Inc.  As previously announced, in 2017, 12 of these aircraft were funded via a Japanese bank (6 aircraft) and a private placement transaction (6 aircraft). 
  • SkyWorks completed its assignment to provide due diligence and debt restructuring advisory services to a Middle East investor.
  • SkyWorks continued to serve as an arranger/advisor to an operating lessor to arrange debt financings for one 777-300ER and one 737-800 aircraft that it is acquiring. The financing for the 777-300ER closed in 1Q 2018 with a consortium of banks. 
 
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, which operates the firm’s Asset Management Group, is a leading independent aircraft remarketing, asset management, and technical advisory firm serving owners and operators of commercial aircraft.  SkyWorks Capital, which operates the firm’s Investment Banking and Management Consulting Groups, is a premier aviation advisory and investment banking firm with key activities including aircraft order campaigns, arrangement of lease and debt financing, M&A related aircraft evaluations, restructuring advisory services, and network and fleet planning.  SkyWorks’ services have encompassed over 10% of the global commercial jet fleet.
 
SkyWorks operates globally with offices in Greenwich, CT., Dublin, and Singapore, with headquarters located at 283 Greenwich Avenue, 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

 

Public Relations Manager

Jill Jaki

203-983-6677

SkyWorks Capital, LLC

283 Greenwich Ave. - 4th Floor

Greenwich, CT - 06830

All Rights Reserved

No part of this website may be reproduced without our express written consent.