Almada Preparing to Add Aircraft Leasing Branch

Canadian private equity company Almada Inc. has announced its plans of starting a new aircraft leasing company.

The company will operate under the name Almada and will start with an initial financial investment of CAD$80 million. The company will be managed by Martin Goldfarb and Alon Ossip.

For the beginning phases of the company, the fleet plan includes one B737-800, one A321, two Q400s, and a Basler BT67. The long-term plan shows that the company’s fleet is expected to expand into 12 aircraft after receiving another $150-200 million financial investment.

The main focus of the company will be narrowbody aircraft with an average age between eight to ten years. Almada’s target customers will be airlines, governments, cargo companies, and NGOs.

Source: Aviator