Contrail Aviation Support, a commercial aircraft trading, leasing and parts solutions provider has successfully completed a record 26 key asset transactions during FY 2019 ended March 31, spanning acquisitions, leases, and sales of commercial aircraft and jet engine parts. Total annual sales dollar volume not disclosed. Contrail is a business unit of AIR T, INC., a diversified holding company that is organized as a portfolio of powerful business and financial assets.
Acquisition: Contrail acquired two A319-100 aircraft powered by V2500-A5 engines subject to stub-lease from a major global lessor. Two 737-700 aircraft, each equipped with two CFM56-7B22 engines from a major global lessor. One A320-200 aircraft, equipped with a V2500-A5 engine from a major US-based private equity fund. Contrail acquired two run-out CFM56-7B engines from an aircraft and engine asset specialist and one run-out CFM56-3C1 engine from a European engine specialist company.
Leases: Contrail leased three CFM56-7B26 engines, two engines to a major global MRO and one engine to a prominent European airline. Contrail leased one CFM56-5B1 engine to a major carrier in Latin America and two A319-100 aircraft powered by V2500-A5 engines subject to stub-lease, with an Asian carrier.
Sales: Contrail has sold eight CFM56-7B22 engines, three engines to a boutique aviation investor, one engine to a global engine leasing and trading company, one engine to a European based aircraft and engine asset specialist and three engines to a US-based private equity fund. One CFM56-7B26 engine, subject to lease to a major US-based aviation company.
Furthermore Contrail sold two 737-700 airframes to AirCo and
one A320-200 airframeto a US-based airframe parts company.