Jackson Square Aviation (JSA) has announced its major business transactions and performance highlights during the full year of 2022 in a company update today.
Despite continuing geopolitical and macroeconomic instability, 2022 brought a much-needed traffic and revenue recovery for the majority of the world’s airlines. The re-opening of global borders continued throughout the year and supports a positive outlook for air travel demand in 2023. During the last year, JSA continued to grow its fleet, adding 13 new production aircraft under sale and leaseback or finance lease products. In addition to deploying nearly $1bn in new Capex, we transitioned seven used aircraft to new and existing lessees, signed leases for our first Max8 orderbook placements and sold six aircraft to new investors and lessor partners. JSA continued to grow the global team and enhanced our internal focus on important areas of sustainability and DE&I. In 2022, our sustainability committee completed the inaugural JSA ESG strategy paper to guide our internal and external stakeholders on these important topics and our LIFT committee continued to drive us forward in the mission to make it our team’s collective responsibility to build a diverse and inclusive culture.
“Jackson Square had a strong 2022, with all core areas of our business improving,” commented Kevin McDonald, JSA’s Chief Executive Officer. “Thanks to the strength of our customer base and our industry-leading fleet, we’ve been able to weather the tail end of the pandemic and continue financing many of the world’s strongest airlines. As demand for new fuel-efficient aircraft grows, we’re excited to accelerate our momentum coming into 2023.”
“The volatility of 2022 brought several challenges to the business as well as some great successes,” noted Chris Dailey, JSA’s President and Chief Commercial Officer. “We are grateful to our global JSA staff for their resilience and adaptability as we navigated the changing market and continued to execute flawlessly, while also moving staff back into our offices and resuming travel to bring back the critical face-to-face interaction with our customers and suppliers.”
2022 Full Year Highlights
- Net fleet growth: +7
- Aircraft acquisitions: +13
- Aircraft transitions to new and existing lessees: +7
- Number of leases signed: +61
- Aircraft sales: 6
- New customers: +5
- CapEx: $975m
- Net headcount growth: +6
Key Figures as of 31 December 2022
- Fleet value (Owned, committed, managed): $11 billion
- Number of Aircraft (Owned, committed, managed): 250
- Average fleet age (Owned): 4.9 years
- Global customer base: 59 leading airlines in 29 countries
- Percentage of single aisle aircraft: 78%
- Average lease term remaining (Owned): 7.1 years
- New generation aircraft: 71%
- Owned fleet by region: EMEA: 37%; Americas: 34%; Asia Pacific: 29%
- Employees: 81
- Global lenders: 20 lenders in 8 countries
- Since its founding in 2010, JSA has transacted with 83 airlines, acquired over 300 aircraft and sold nearly 100 aircraft
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 owned by Mitsubishi HC Capital Inc., 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