News & Media

Jackson Square Aviation (JSA) has announced its major business transactions and performance highlights during the full year of 2023 in a company update today.

Improved market conditions throughout 2023 enabled stability and recovery for the majority of the world’s airlines. During the last year, JSA continued to grow its fleet, adding 32 aircraft under sale and leaseback and finance lease products. In addition to deploying $1.8bn in new Capex, we transitioned three used aircraft to new lessees, signed LOIs for eight additional Max8 orderbook placements and sold 11 aircraft to airline customers and lessor partners. JSA continued to grow the global team and enhanced our internal focus on important areas of sustainability and DE&I. We pride ourselves on owning one of the most efficient fleets in the industry and we are focused on continuing to invest in these new technology assets, while also offsetting the carbon emissions generated by our business operations. JSA’s LIFT committee continues to drive us forward in the mission to build a diverse and inclusive culture reflective of our global workforce and customer base.

“We worked hard to innovate in 2023 in order to provide the best possible value to our global customer base,” remarked Kevin McDonald, JSA’s Chief Executive Officer. “We’ve launched new products and expanded our investible universe, enabling us to reach more airlines with efficient airplanes and competitive capital. The end result for us last year was healthy profitability and a strong recovery across all of our core areas – new business, trading, orderbook placements, and financing. With an unsettled global landscape and an increasing supply of new aircraft deliveries, we’re eager to continue providing solutions to the world’s airlines.”

“In addition to executing on a significant transaction volume and supporting our customer needs at scale and under short timelines, we also had record origination volume in 2023 across multiple products”, commented JSA’s President and Chief Commercial Officer, “We are grateful to JSA’s global staff for their adaptability and customer focus as we navigate the changing market and continue to execute flawlessly.”

2023 Full Year Highlights 

• Aircraft acquisitions: +32
• Aircraft transitions to new and existing lessees: +3
• Number of leases signed: 49
• Aircraft sales: 11
• New customers: +3
• CapEx: $1.8bn
• Net headcount growth: +5

Key Figures as of 31 December 2023 

• Fleet value¹: ~$13 billion
• Number of Aircraft¹: 269
• Average fleet age²: 5.1 years
• Global customer base: 61 leading airlines in 29 countries
• Percentage of single aisle aircraft: 79%
• Average lease term remaining²: 7.1 years
• New generation aircraft: 77%
• Owned fleet by region: EMEA: 37%; Americas: 34%; Asia Pacific: 29%
• Employees: 86
• Global lenders: 26 lenders in 10 countries
• Since its founding in 2010, JSA has transacted with 87 airlines, acquired over 300 aircraft and sold over 100 aircraft

[1] Owned, Committed, Managed

[2] Owned

ENDS

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.