Jackson Square Aviation (JSA) has announced its major business transactions and performance highlights during the full year of 2021 in a company update today.
Despite a second turbulent year for the aviation industry, JSA remained focused on long term fundamentals and continued to grow the business, adding 22 new production aircraft. We continued to work closely with our customers to identify ways to support their operations, offering responsive and customized fleet and financial solutions to do our part in helping adapt to the ever-changing business environment. In addition to deploying over $1bn in new Capex in 2021, we transitioned 12 used aircraft to new lessees. We also witnessed the return of an active trading market that enabled JSA to close aircraft sales with a growing range of investor and lessor partners. JSA continued to grow our global team and enhanced our internal focus on important areas of sustainability and D&I. With our solid shareholder backing, we look to 2022 and beyond with optimism for recovery in our customer base and the wider airline industry.
“2021 was another challenging year for the airline industry, and we’ve tried to support our customer base as much as we possibly could,” commented Kevin McDonald, JSA’s Chief Executive Officer. “We spent much of the year providing various forms of liquidity and repositioning aircraft to meet the demand requirements of a changing world. I’m happy with the overall growth of the business, having committed over $1 billion in next-generation fuel-efficient aircraft. We are hopeful that the aviation industry will make a strong recovery throughout 2022 and 2023, and we remain optimistic that the world’s airlines will get back to operating at full capacity. Until then, we will continue to grow our fleet incrementally, rapidly responding to our customers’ requests and providing our support to get them closer to pre-pandemic fleet levels, whilst continuing to work closely with the OEM’s to provide the best solutions wherever possible.”
“We are grateful to our global JSA team for the achievements in 2021”, noted Chris Dailey, JSA’s President and Chief Commercial Officer. “Given all the difficulties associated with working remotely – particularly the limited ability to meet in person with fellow team members, our suppliers, and our customers – our people performed with remarkable agility and commitment across the organization. We look forward to seeing the new heights to which our proactive international team can take us throughout 2022 and beyond.”
2021 Full Year Highlights
- Net fleet growth: +14
- Aircraft acquisitions: +22
- Aircraft transitions to new lessees: +12
- Number of leases signed: +66
- Aircraft sales: 8
- New customers: +5
- CapEx: $1.1bn
- New team members: +7
Key Figures as of 31 December 2021
- Fleet value1: $10 billion
- Number of Aircraft2: 229
- Average fleet age3: 4 years
- Global customer base: 57 leading airlines in 30 countries
- Percentage of single aisle aircraft: 76%
- Average lease term remaining4: 7 years
- New generation aircraft: 64%
- Owned fleet by region: Americas: 35%; EMEA: 33%; Asia Pacific: 32%
- Employees: 75
- Global lenders: 19 lenders in 8 countries
- Since its founding in 2010, JSA has transacted with 78 airlines, acquired over 280 aircraft and sold over 90 aircraft.
1Owned, committed, managed
2Owned, committed, managed
About Jackson Square Aviation (‘JSA’)
JSA is a leading global commercial aircraft lessor, focused on building and maintaining lasting relationships with our current and prospective customers, through competitive financing, customized fleet solutions and proactive service.
Our experienced, international and professional staff is committed to meeting airlines’ evolving needs worldwide. By getting to know an airline’s goals, we draw on a variety of fleet and financial solutions, including: sale-and-leaseback financing, PDP financing, finance leases, new aircraft placements, leasing solutions from our existing fleet and asset management. Leveraging our extended relationships with aircraft manufacturers, financiers and other aviation businesses, we offer fleet and capital flexibility vital to airlines’ fleet replacement and expansion.
Since the founding of JSA in 2010, our portfolio has steadily expanded with young and efficient Airbus and Boeing fleet.
JSA is part of the Mitsubishi HC Capital Inc. group, a global leasing company based in Japan and publicly listed on the Tokyo and Nagoya Stock Exchanges.
Jackson Square Aviation
San Francisco Office: +1 415 821-8300
Dublin Office: +353 1 551 8883