Apollo Aviation committed to buying nine aircraft in the second quarter of 2016, comprised of eight narrowbodies and one widebody.
The Dublin-headquartered firm said that with the exception of one aircraft, the new jets are all from in-production A320 and 737 families, with eight of the aircraft acquired with leases attached to airlines based in Europe and North America.
Apollo’s current fleet stands at 101 aircraft and 30 engines.
Apollo Aviation chairman William Hoffman said the results show a strong start to the year. “Our strategy of acquiring mid-life in-production commercial aircraft for leasing, sale and part-out continues to attract interest,” said Hoffman.
He added: “Our continuous growth and willingness to transition aircraft has made us an ideal partner for large public and private lessors focused on new deliveries, who are constantly looking to reduce their average fleet age through portfolio sales.”