5-Oct-2021 Source: ITC-AeroLeasing
ITC-AeroLeasing is pleased to announce its aircraft trading division’s successful third quarter of 2021. This follows the strong first half of the year, which included multiple Japanese government projects as well as international brokerage deals involving fixed and rotary wing aircraft. The third quarter of the year was comprised of three sales to overseas customers in Australasia and North America, as well as the conclusion of a complex brokerage deal involving importation of an aircraft to Japan. We have recently complemented our services by offering brokerage bridge financing, giving us yet another edge over the competition.
“Covid-19 continues to present challenges to our business and those of our industry partners and colleagues. Travel restrictions, quarantine, complicated logistical processes etc. can make cross-border aircraft sales a daunting prospect, but I am incredibly proud of the performance of our team in helping our customers smoothly navigate these obstacles to deliver swift solutions. Despite the hardships encountered due to Covid-19 over the last 18 months or so, it does give us all the opportunity to come together as a global aviation community, put our trust in, and help one another, so in that sense, it has been somewhat refreshing. ITC being so well established over 30 years, having our extensive industry network and such a strong sense of professional integrity means that we can always be relied upon. ” said Steven Nixon, Director, Asset Management & Trading of ITC. “All of those working in our trading division, our technical, legal and leasing/financing teams have demonstrated to our external partners the value of our services and how we go beyond many brokers’ ability to simply market and sell aircraft.” Steven continued.
ITC has developed and extended the reach of our international brokerage services in recent years. Combined with our continued activities as the longest standing licensed bidder of Japanese government aircraft auctions, ITC expects to further its aircraft trading growth throughout the fourth quarter of the year.