Singapore, Dublin, June 28, 2016 – Transportation Partners Pte Ltd (“TP”) and FPG Amentum the Dublin-based aircraft leasing company part of Financial Products Group Co., Ltd. announce the delivery of one new Boeing 737-800 (MSN 38303). The aircraft is on a Japanese Operating Lease (JOL) to Malindo Air, part of the Lion Group of airlines.
John Duffy, Chief Operating Officer at TP, said “Although TP is only four years old, we have now assisted airlines in arranging finance for almost 200 aircraft, both within and outside the Lion Group. With over 400 narrow-body aircraft still to deliver, developing new sources of capital such as the prestigious JOL market, will continue to be one of the firm’s strategic imperatives. Hats off to the team at FPG Amentum for their achievements on this deal”.
Commenting, Hisanaga Tanimura President and CEO of FPG: “We are delighted to launch the Lion Group in the JOL market. Demand for the right aircraft is strong in the Japanese market and FPG continues to expand its airline client base with targeted asset acquisitions. We would like to thank Transportation Partners and the Lion Group for entrusting us with their continued support in reaching this important milestone as the Lion Group implements its expansion plans across the region”.
As the Lion Group’s fastest growing international carrier flying to 36 destinations across 13 countries, we are delighted that our strong growth potential has been recognized by the brand-conscious Japanese investor market”, Malindo’s Chief Executive Officer Chandran Rama Muthy. Malindo began operations in March 2013 with its first destination to Kota Kinabalu and currently serves 36 destinations across 13 counties. It was the proud winner of Airline of the Year (Passenger) 2014 by Malaysia Airports & Top Performing Airline for 2015 by Travelport.
Commenting, Mitchel Simpson, Chief Financial Officer of FPG Amentum: “The Lion Group has been a long standing and valued relationship for FPG Amentum. This delivery marks our eighth aircraft on lease across the Lion Group so we are particularly pleased that together with FPG we have introduced Lion to the Japanese market”.
FPG Amentum Ltd.
+353 1639 8111
Press Contact FPG:
Managing Executive Officer and General Manager of Accounting Department
Financial Products Group Co., Ltd.
+81 3 5288 5691
Press Contact Lion Group:
Press Contact TP:
Chief Operating Officer
Note to Editors:
Tokyo headquartered FPG was founded in 2001 and is currently listed on the First Section of the Tokyo Stock Exchange. FPG is an independent financial service provider and offers various financial products to profitable companies and wealthy individuals. With tax lease arrangement as its core business, FPG provides integrated services covering the origination, structuring, equity placement, and management of Japanese operating leases (JOL) for aircraft, vessels, and marine containers. FPG is a leading independent JOL equity arranger in the market.
More information can be found on the company’s website at www.fpg.jp/en
About FPG Amentum:
Headquartered in Dublin, FPG Amentum is a dedicated third-party provider of aircraft investment management and advisory services to equity and debt investors in the aviation sector and offers a full range of aircraft leasing services to airlines worldwide through its full-service leasing platform. FPG Amentum was founded in 2005 and is majority owned by FPG. The company manages a US$ 2 billion portfolio of aircraft and provides services to several investor and banking customers.
More information can be found on the company’s website at www.fpg-amentum.aero
About Lion Air Group:
A group of airlines headquartered in Indonesia and comprising the following brands: Lion Air, Wings, Batik Air, Malindo, Thai Lion. The group has the largest market share in Indonesia. Lion Air took to the skies from Indonesia in 2000 with one aircraft in its fleet and now operates a fleet of 230 aircraft across the group. It is the launch customer of the Boeing B737-900ER and will also be the first to fly the Boeing MAX-8 and the launch customer of Boeing MAX-9.
About Transportation Partners:
Established in 2011, Transportation Partners is an integrated aviation services company based in Singapore. It is licensed under the Aircraft Leasing Scheme initiated by the Economic Development Board of Singapore. The company provides tailored leasing solutions – covering aircraft, engines and components, to a variety of industry partners, including airlines, lessors, banks and other investors. The core platform comprises aviation professionals with extensive industry experience across global markets.