Business

Ergo: The war in Ukraine puts Aer Lingus at the top of the Airbus queue

blank

Aer Lingus may have been in the news last week for canceling flights and disappointing thousands of passengers – but its fleet acquisitions department remains fully engaged.

It’s a bad wind that doesn’t blow kindly, and the acquisition team has landed an unexpected windfall from Russian sanctions – in the form of two brand-new aircraft.

When Vladimir Putin invaded Ukraine with his army in March, one consequence was that many leased (often Irish-registered) planes were grounded in Russia. But in the case of two brand new Airbus A320neos, the resulting sanctions came just in time to ensure they will be crossing the Irish Sea to London Heathrow and not the Siberian steppes for years to come.

The two new planes, registered EI-NSA and EI-NSB, were originally built by Airbus for delivery to Russian low-cost carrier Smartavia in March.

At the beginning of June, the planes were still wearing their purple and orange livery, so delivery to the Russian regional airline was imminent.

But Russia’s determination to turn itself into a pariah state meant the two planes were suddenly available. Aer Lingus no doubt stepped out more than happy to jump at the front of the delivery line to sign a leasing deal with CDB Aviation, the Irish subsidiary of China Development Bank Financial Leasing Co.

A fresh coat of paint has been applied, along with the regulation Aer Lingus cloverleaf – and by the end of July the 186-seat aircraft pair will be operational.

Trinity Petrolhead buys racing cars from Lola UK

The assets of UK-based racing car maker Lola, one of the world’s most prolific designers in its heyday, were bought by Till Bechtolsheimer – a 40-year-old founder of a US investment firm who was born in Britain and educated at Trinity College.

Lola’s wind tunnel and engineering center in Cambridgeshire and other intellectual property rights were previously owned by the late Mayoman Martin Birrane, who passed away in 2018.

Classic car enthusiast Bechtolsheimer has a former Mercedes Formula 1 engineer on board and will invest in trying to get Lola back into non-Formula 1 racing while also exploring battery performance and other energy synergies.

€1m helps revive interest in pensions

Revive Active founder Daithí O’Connor’s pension fund will receive a healthy boost after the dietary supplement company received a €12.5 million investment from private equity firm BGF.

According to a recent filing with the Companies Registration Office, the company behind Revive Active would make a €1 million payment to O’Connor’s pension upon closing of the transaction. It was related to his “significant and ongoing” work for the company, the file said.

https://www.independent.ie/business/irish/ergo-war-in-ukraine-pushes-aer-lingus-to-top-of-the-airbus-queue-41807686.html Ergo: The war in Ukraine puts Aer Lingus at the top of the Airbus queue

Fry Electronics Team

Fry Electronics.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@fry-electronics.com. The content will be deleted within 24 hours.

Related Articles

Back to top button