San Francisco, CA September 15, 2008- Sky Holding Company LLC as servicer for the PALS portfolio is pleased to announce the completion of a lease extension with Sichuan Airlines for (1) A320-200. Sichuan Airlines based in Chengdu, China is one of the fastest growing airlines in China and Sky Holding Company is proud to assist them with their ambitious growth plans and continue our strong relationship. Currently Sichuan Airlines has three (3) additional A320-200’s on lease from Sky Holding Company which are expected to be extended in the coming months.

 

About Sky Holding Company, LLC

Sky was founded in mid-2007 by the former executive management team of Pegasus Aviation in San Francisco, CA.  At the time of its sale in 2007, Pegasus had been built into the world’s largest privately-held commercial aircraft lessor, with a $6.5+ billion portfolio and nearly 100 airline customers worldwide.  Sky is a leading provider of capital to airlines around the world, as well as a manager of approximately 100 aircraft for institutional investors.  The Company’s management team has over 90 years of experience in aircraft leasing, financing, conversion, and asset management.  Sky management partnered closely with over 30 financial institutions to fund its growth at Pegasus and has maintained these important relationships to support its goal to again become the preferred provider of sale/leaseback capital to the airlines.  Since the 1990’s, Sky’s team has originated nearly $10 billion in Boeing/Airbus/McDonnell-Douglas equipment and has remarketed over 300 aircraft through its broad customer network.  

For inquiries:

(415) 655-5000