05.12.2008
DVB Aviation Asset Management mandated to market 5 new Embraer E190-100LR jets
DVB Aviation Asset Management is pleased to announce that it has been appointed to market 5 new Embraer E190 jet aircraft on behalf of the aircraft owners. These 100 seat aircraft are due for delivery during 2009 and are being offered to the market by DVB for sale or lease.
The Embraer 190 aircraft is the most popular variant of the successful Embraer E Jet series and the aircraft marketed by DVB will be equipped with 100 passenger seats and CF34-10E5A1 engines. There are currently 184 E190 aircraft in service with a further 271 aircraft on order from the Brazilian manufacturer.
Jon Skirrow, Managing Director of DVB Aviation Asset Management said: "This is an important mandate for DVB to be awarded and it is a further endorsement of DVB Aviation's approach to its business. Since its addition to the DVB platform two years ago Aviation Asset Management has successfully remarketed over 50 aircraft ranging in size from 50 seat regional jets to B747-400 passenger and cargo aircraft. In addition we now have over 40 aircraft under lease management contracts. These E190 aircraft offer airlines the ability to adapt to the changing airline environment by employing the correct size of modern, low cost, fuel efficient aircraft best suited to market requirements. Having early availability will be a benefit to those airlines looking to seize the opportunity and take action sooner rather than later."
Bertrand Grabowski, Member of the Board of Managing Directors and responsible for DVB's aviation and rail finance activities, adds: "DVB Bank SE is a publicly listed Company; it has had a stable valuation even during the recent wider market turmoil which is supported by our recent stable rating agencies outlook. We remain very much open for business with an aviation platform that is not impacted by the complications of consolidations, take over's and bail outs which have affected so many of the banks previously active in the aviation market."
Contact for this press release:
Jon Skirrow, Managing Director, Aviation Asset Management, DVB Bank SE, Phone +44(0) 20 7618 9730, jon.skirrow@dvbbank.com
The Embraer 190 aircraft is the most popular variant of the successful Embraer E Jet series and the aircraft marketed by DVB will be equipped with 100 passenger seats and CF34-10E5A1 engines. There are currently 184 E190 aircraft in service with a further 271 aircraft on order from the Brazilian manufacturer.
Jon Skirrow, Managing Director of DVB Aviation Asset Management said: "This is an important mandate for DVB to be awarded and it is a further endorsement of DVB Aviation's approach to its business. Since its addition to the DVB platform two years ago Aviation Asset Management has successfully remarketed over 50 aircraft ranging in size from 50 seat regional jets to B747-400 passenger and cargo aircraft. In addition we now have over 40 aircraft under lease management contracts. These E190 aircraft offer airlines the ability to adapt to the changing airline environment by employing the correct size of modern, low cost, fuel efficient aircraft best suited to market requirements. Having early availability will be a benefit to those airlines looking to seize the opportunity and take action sooner rather than later."
Bertrand Grabowski, Member of the Board of Managing Directors and responsible for DVB's aviation and rail finance activities, adds: "DVB Bank SE is a publicly listed Company; it has had a stable valuation even during the recent wider market turmoil which is supported by our recent stable rating agencies outlook. We remain very much open for business with an aviation platform that is not impacted by the complications of consolidations, take over's and bail outs which have affected so many of the banks previously active in the aviation market."
Contact for this press release:
Jon Skirrow, Managing Director, Aviation Asset Management, DVB Bank SE, Phone +44(0) 20 7618 9730, jon.skirrow@dvbbank.com
More information about DVB's Aviation Asset Management http://www.dvbbank.com/en/solutions/aviation/aviation_asset_management/index.html
Note to Editors:
DVB Bank SE, based in Frankfurt/Main, is an international advisory bank and finance house that specialises in the global transport market. DVB offers integrated financing solutions and advisory services in respect of Shipping, Aviation, and Land Transport. The Bank operates out of offices in Frankfurt/Main, Hamburg, London, Cardiff, Rotterdam, Bergen/Oslo, Piraeus, Zurich, Singapore, Tokyo, Hong Kong, New York and Curaçao. DVB Bank SE is listed at the Frankfurt Stock Exchange (ISIN: DE0008045501).