EirTrade Aviation to manage four Airbus A330-300 aircraft acquired by Acorn Capital Management

EirTrade Aviation has confirmed its role as servicer for four Airbus A330-300 aircraft acquired by Scissortail Aviation International Leasing I Limited (SAIL I Ltd.), an entity managed by its parent company, Acorn Capital Management.

The aircraft, currently on lease with a major airline, will be managed by EirTrade during the term of the lease and through the end-of-life phase. This includes greentime engine leasing and disassembly, ensuring optimal value recovery from both engines and airframes. The partnership further strengthens EirTrade’s position as a trusted provider of asset management solutions.

Ken Fitzgibbon, CEO of EirTrade Aviation, stated, “This is a huge milestone for EirTrade Aviation as we continue to grow our asset management capabilities and demonstrate the proficiency of the relationship between EirTrade & Acorn Capital Management. The acquisition signals confidence in the platform we’ve built at EirTrade and the expertise we bring to managing complex, high-value assets.”

Lee Carey, Chief Investment Officer at EirTrade Aviation, also commented: “Following on from the existing lease terms, the engines and airframes will provide the business with an excellent pipeline of high-demand material and greentime engines to support our customers operating A330 aircraft. This transaction reinforces the strength of our internal collaboration with Acorn and positions EirTrade to deliver even greater value across the A330 platform.”

Justin Chung, Head of Alternative Credit Strategies at Acorn Capital Management, added: “This partnership with EirTrade is a critical step in our strategy to ensure long-term value across our aviation portfolio. Their extensive experience in asset management, particularly within the A330 space, aligns perfectly with our goals and enhances our ability to capitalise on emerging opportunities.”

EirTrade’s expertise in managing aircraft assets through their entire lifecycle, from in-service operation to end-of-life solutions, ensures that each aircraft is optimally managed to deliver maximum value. This transaction marks a significant milestone in EirTrade’s continued expansion into full-lifecycle asset management, reinforcing its position as a trusted partner for lessors, investors, and operators worldwide.