Deal cements ACC Aviation’s cross-office collaboration
ACC Aviation, the global aviation services group, has successfully disposed of two de Havilland Dash 8-100 combi-configured aircraft (MSN 258 and 324). ACC Aviation’s Asset Management Division was exclusively mandated by Canadian North, a Canadian based regional airline.
Working in close association with Canadian North and utilizing its long-standing industry relationships and expertise, ACC Aviation carried out full due diligence processes on the sale and provided full transaction oversight. In addition, ACC Aviation undertook desktop valuations on both aircraft to set and manage internal pricing expectations for Canadian North.
Consulting, guiding and leading the commercial negotiations, ACC Aviation ensured that all terms were fair and in line with industry standards between the two parties and that Canadian North’s interests were well represented throughout the process. ACC Aviation also managed, reviewed, and advised on all transaction-related documentation.
“We are very pleased to have concluded the disposal of these two, niche aircraft in a short period of time, maximizing resources within ACC Aviation’s global offices. Working between our US and Middle East offices, we were able to transact the deal efficiently and seamlessly,” said Robert Sitta, VP Asset Management at ACC Aviation.
The onset of the Covid-19 pandemic hit the aviation industry on the crest of a decade-long wave of growth. While the impact of the pandemic on aviation, aviation finance and investments cannot be understated, some of its consequences were in the making well before patient zero’s first cough in Wuhan, says Viktor Berta, ACC Aviation’s VP of Aviation Finance Advisory.
ACC Aviation reports positive growth in the second quarter of 2021, driven by US and UK Charter as well as steady growth in its consulting division.
ACC Aviation reports a more than 20% year on year growth in the first quarter of 2021, despite the harsh impact on aviation brought about by the global pandemic. This follows a 200% year on year growth in charter sales in 2020.
ACC Aviation has been appointed as the exclusive remarketing agent to sell Canadian North’s two de Havilland Dash 8-100 aircraft.
ACC Aviation successfully transacts a Boeing B737-400 from Lithuania’s GetJet Airlines to Frontera Flight Holdings Inc, USA, for freighter conversion and onward lease to Mexican airline Aeronaves TSM.