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THY Turkish Airlines Lease 2 A330-200  
User currently offlineRobcol99 From Turkey, joined Jun 2004, 294 posts, RR: 2
Posted (7 years 2 months 5 days 21 hours ago) and read 3840 times:

Just popped up in news feeds.
THY message to Istanbul Stock Exchange:

Two A330-200s leased from Calestiral Aviation Trading, delivery on Feb 2009.

Should be on TK's website soon.

12 replies: All unread, jump to last
 
User currently offlineThereandback From Turkey, joined Aug 2005, 699 posts, RR: 4
Reply 1, posted (7 years 2 months 5 days 19 hours ago) and read 3711 times:

Febuary 2009? That's a long time from now. Better late then never...
Will the registrations be TC-JNF and TC-JNG?


User currently offlineWINGS From Portugal, joined May 2005, 2831 posts, RR: 68
Reply 2, posted (7 years 2 months 5 days 19 hours ago) and read 3658 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?

Regards,
Wings



Aviation Is A Passion.
User currently offlineRobcol99 From Turkey, joined Jun 2004, 294 posts, RR: 2
Reply 3, posted (7 years 2 months 5 days 19 hours ago) and read 3614 times:

Quoting WINGS (Reply 2):
Could someone please tell me who Calestiral Aviation Trading are?

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.


User currently offlineWINGS From Portugal, joined May 2005, 2831 posts, RR: 68
Reply 4, posted (7 years 2 months 5 days 18 hours ago) and read 3597 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?

Regards,
Wings



Aviation Is A Passion.
User currently offlineEI321 From Iraq, joined Jul 2009, 0 posts, RR: 0
Reply 5, posted (7 years 2 months 5 days 18 hours ago) and read 3545 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.


User currently offlineKaitak From Ireland, joined Aug 1999, 12522 posts, RR: 35
Reply 6, posted (7 years 2 months 5 days 18 hours ago) and read 3536 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).


User currently offlineAad665 From Germany, joined Dec 1999, 232 posts, RR: 0
Reply 7, posted (7 years 2 months 5 days 18 hours ago) and read 3526 times:

Might be the ex-Swiss?

User currently offlinePanAm_DC10 From Australia, joined Aug 2000, 4187 posts, RR: 89
Reply 8, posted (7 years 2 months 5 days 18 hours ago) and read 3508 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;

http://www.ukdata.com/company-listings/Ce-14.html

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.

http://www.google.com.au/search?hl=e...Aviation+Trading+45+Limited.&meta=

CELESTIAL AVIATION TRADING 45 LIMITED Registered No. E0395130 AVIATION HOUSE, SHANNON, CO CLARE. CELESTIAL AVIATION TRADING 46 LIMITED Registered No. ...

Regards, PanAm-DC10



Ask the impossible to achieve the best possible
User currently offlineWINGS From Portugal, joined May 2005, 2831 posts, RR: 68
Reply 9, posted (7 years 2 months 5 days 17 hours ago) and read 3464 times:

Quoting PanAm_DC10 (Reply 8):
A subsidiary of GECAS, based in Dublin which goes through several different jurisdictions.

Thank you for that PanAm_DC10, very informative and interesting.  Smile

What makes this even more interesting is that GECAS currently don't have any more A330's on order. So I'm still wondering if this will be a new order.

What has popped into my mind recently and I suspect will be very hard to answer is what Leasing Companies still have A330's (PAX) to be placed.

From what I know the following leasing companies have the following to be placed


Aercap x 30 (A332)
CIT x 15 (A332)
ILFC x 7 (A332) + 3 (A333)


Regards,
Wings



Aviation Is A Passion.
User currently offlineEI321 From Iraq, joined Jul 2009, 0 posts, RR: 0
Reply 10, posted (7 years 2 months 5 days 17 hours ago) and read 3419 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  Wink

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.


User currently offlineMCOflyer From United States of America, joined Jun 2006, 8683 posts, RR: 16
Reply 11, posted (7 years 2 months 5 days 17 hours ago) and read 3411 times:

Quoting Aad665 (Reply 7):
Might be the ex-Swiss?

I would think these are new birds as THY have GE and LX has PW.

Hunter



Never be afraid to stand up for who you are.
User currently offlineTK787 From United States of America, joined Jan 2006, 4455 posts, RR: 12
Reply 12, posted (7 years 2 months 4 days 15 hours ago) and read 3123 times:

Quoting Thereandback (Reply 1):

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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