WINGS From Portugal, joined May 2005, 2831 posts, RR: 70 Reply 2, posted (5 years 9 months 5 days 18 hours ago) and read 2395 times:
Quoting Robcol99 (Thread starter):
Two A330-200s leased from Calestiral Aviation Trading, delivery on Feb 2009.
Could someone please tell me who Calestiral Aviation Trading are?
I find it strange, as this particular company does not appear in the Airbus spread sheet. Will they be new built ? and if so has the order been booked yet and under what name?
WINGS From Portugal, joined May 2005, 2831 posts, RR: 70 Reply 4, posted (5 years 9 months 5 days 17 hours ago) and read 2334 times:
Quoting Robcol99 (Reply 3):
The news feed probably mispelled it. The actual Istanbul Stock Exchange announcement reads:
Celestial Aviation Trading 45 Limited.
The lease is for 8 yrs btw.
Neither Celestial or Calestial appear on the Airbus Spread Sheet. So they currently don't own any A330. I'm reasonably familiar with all the airlines/leasing companies that have outstanding orders for the A330 and Celestial is not one of them.
Maybe THY will opt to buy those two frames and do a BUY-LEASE back contract?
EI321 From Iraq, joined Jul 2009, 0 posts, RR: 0 Reply 5, posted (5 years 9 months 5 days 17 hours ago) and read 2282 times:
Is this a new order? Ive never heard of this leasing company before.
Quoting WINGS (Reply 4): Neither Celestial or Calestial appear on the Airbus Spread Sheet. So they currently don't own any A330. I'm reasonably familiar with all the airlines/leasing companies that have outstanding orders for the A330 and Celestial is not one of them.
Its possible that they are a subsidiary or shelf company created specifically for this lease.
Kaitak From Ireland, joined Aug 1999, 11953 posts, RR: 37 Reply 6, posted (5 years 9 months 5 days 17 hours ago) and read 2273 times:
Quoting EI321 (Reply 5): shelf company created specifically for this lease.
This is exactly what I was thinking, EI 321. It's quite common fo a leasing company to be set up specifically to hold one asset (or two, in this case).
PanAm_DC10 From Australia, joined Aug 2000, 3987 posts, RR: 93 Reply 8, posted (5 years 9 months 5 days 16 hours ago) and read 2245 times:
AIRLINERS.NET CREW COMMUNITY MANAGER
Quoting WINGS (Reply 2): Could someone please tell me who Calestiral Aviation Trading are?
A subsidiary of GECAS, based in Dublin which goes through several different jurisdictions. You need to pay to get the full details of the transaction. Refer to the following links;
Each customer is treated seperately. In some cases the frames may be owned by Airbus. Celestial is just one link in a convoluted chain. The following link shows how such transactions are structured, but not all information may be released due to differing Regulatory requirements under different jurisdictions.
Here's an example of another such structure, the one in question. You just have to pay to get more details, even then you won't get them all.
EI321 From Iraq, joined Jul 2009, 0 posts, RR: 0 Reply 10, posted (5 years 9 months 5 days 15 hours ago) and read 2156 times:
Quoting PanAm_DC10 (Reply 8): Quoting WINGS (Reply 2):
Could someone please tell me who Calestiral Aviation Trading are?
A subsidiary of GECAS, based in Dublin which goes through several different jurisdictions.
Just as myself and Kaitak suspected
If you look at the Irish aircraft register, there are quite a few of these shelf companies listed as owners of civilian airliners. Its for tax reasons of course.
MCOflyer From United States of America, joined Jun 2006, 8553 posts, RR: 14 Reply 11, posted (5 years 9 months 5 days 15 hours ago) and read 2148 times:
I agree, we all know that they wanted 330/340 leases sooner, maybe couldn't get anything in before that date. TK long haul fleet will be in crunch next year, knowing 3 A310s will be converted to freighters by then and the commencing of JNB/CPT next month. That leaves no room to grow for a year and a half, unless they lease more.
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