Falko is a new aircraft asset manager


Company takes over the BAE Systems aircraft leasing business

Jeremy BarnesFalko announced
that it taken over the aircraft portfolio of BAE Sytems. The commercial
aircraft leasing market has a new entity with the launch of the company.

Supported by
affiliates of funds managed by Fortress Investment Group, a leading, highly
diversified global investment management firm with some US$43 billion of assets
under management, Falko enters the market with a portfolio of 143 aircraft and
a highly experienced team with a proven track record.

Over the
previous 18 years, this team has negotiated in excess of 1,800 commercial
aircraft transactions valued at over US$3.1 billion and has customised and
delivered some 750 aircraft.

Jeremy Barnes,
chief executive officer of Falko said “Our management buy-in team not only
fully understands this business, but also the sector in which it operates. We
have a different mind-set for this business and, together with the existing
operating team we will work to maximise the value in the portfolio which we
intend to realise over time.”

He continued “We
also have a strong growth plan and will leverage the proven and successful
Asset Management platform to build a long-term business.”

The Falko
portfolio consists of 103 BAe 146/Avro RJ regional jets and 40 ATP and
Jetstream family turboprops, originally manufactured by BAE Systems Regional
Aircraft. The support and engineering businesses of Regional Aircraft will continue
to provide Original Equipment Manufacturer (OEM) services to Falko, which
becomes its biggest customer.

Falko has
approximately 70 employees and is headquartered at Hatfield, Hertfordshire. It
also has personnel located at Farnborough, Hampshire, in Herndon,
Virginia, USA,
as well as in Latin America and the Far East.