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Airlines

Name: PEGASUS AVIATION, INC.
7JetSet7 Code: PSS
Status: Currently Not Operational
Region: NORTH AMERICA
City: TUCSON
Country: USA
Employees 7
Web:
Email:
Telephone: +1 (520) 806-3920
Fax: +1 (520) 746-8851
Sita:
Background
(definitions)

Click below for data links:
PSS-2005-TOP50-LSG-A
PSS-2005-TOP50-LSG-B

JET AIRPLANE LEASING COMPANY. FULL NAME: PEGASUS CAPITAL CORPORATION.

APRIL 1999: 757-200 (PW2037) (28485), EX-(TWA), LEASED BACK FOR 12 YRS.

JUNE 1999: 5/10 ORDERS SUPER 727'S (BFGOODRICH/AEROSTRUCTURES) NEW NACELLES & NEW (P&W) ENGINES. 2 727-100'S (19151, 2) BOUGHT FROM AEROPERU (PER).

JULY 1999: FISCAL YEAR (FY) 1998 = +$30.8M (NET PROFIT) (+133%).

CONSISTS OF PEGASUS AVIATION INC, AVIATION ASSETS HOLDING COMPANY, AND PEGASUS CAPITAL CORPORATION. IT MANAGES OR OWNS 163 AIRPLANES AND HAS 47 AIRLINE CUSTOMERS.

727-200F (22438), EX-AEROPOSTALE (FPO), LEASED TO PACIFIC INTERNATIONAL (PCF). DC-9-32 (45789), EX-CONTINENTAL AIRLINES (CAL), LEASED TO LASER (LSR). 727-200F (20664), EX-(CAL), LEASED TO KITTY HAWK (KHC), FREIGHTER CONVERSION BY AVBORNE HEAVY MAINTENANCE, FLORIDA. 727-224 (20665) RETURNED FROM (LSR).

SEPTEMBER 1999: 15 ORDERS 737-236'S, EX-BRITISH AIRWAYS (BAB) LEASED TO AEROLINEAS ARGENTINAS (ARG) TO REPLACE OLDER 737-200'S, & DC-9'S. 2 747-200 (JT9D-7J) EARLY LEASE RETURN FROM (ARG). 757-200 (PW2037) (28488), BOUGHT FROM (TWA) AND LEASED BACK.

IN 1999, COMPLETED 50 LEASE TRANSACTIONS TO 15 OPERATORS. PORTFOLIO IS >160 AIRPLANES.

DECEMBER 1999: 2 MD-11F'S (PW4158) (48408; 48410) BOUGHT FROM KOREAN AIR (KAL) AND LEASED BACK. 1 MD-83, LEASED TO AEROLLOYD (ACH). NOW HAS 17 MD-82'S & 10 MD-83'S. 737-236 (1102-23225, N939PG) BOUGHT FROM BRITISH AIRWAYS (BAB).

JANUARY 2000: 757-200'S LEASED TO 1ST TIME CUSTOMERS MEXICANA (CMA), AND (LTU). +6 ORDERS (FED) HUSHKITS FOR 727-200 (TOTAL 50). NOW HAS 18 757'S.

FEBRUARY 2000: 1 727-200 (22606), EX-AEROPERU (PER) LEASED TO TRANSMERIDIAN (TAL), 1 DC-9-30 (48123), EX-(TWA), LEASED TO DINAR (DIR), & 2 MD-83'S (49845; 49848), EX-ALLEGRO (AEG), LEASED TO AEROMEXICO (AMX). 1 727-231 (21987), EX-(TWA), LEASED TO (AEG).

MARCH 2000: 1 757-200 (RB211-535E4) (25133), EX-MEXICANA (CMA) LEASED TO NATIONAL (NAB). 1 A320 (CFM56) (828), EX-GEH, LEASED TO CHINA EASTERN AIRLINES (CEA).

APRIL 2000: RELEASES $938M LEASE SECURITIZATION FOR 28 JETS: 727'S, 737'S, 747'S, 757'S, 767'S, MD-80'S, MD-11'S, AND A320'S, ALL WITH AVERAGE AGE OF 7.5 YEARS. 22 LESSEES INCLUDING: AIR CANADA (ACN), AEROMEXICO (AMX), CHINA SOUTHERN (GUN), GRUPO TACA (TAC), (KLM), AND (TWA): 3 727'S, 6 737'S, 1 747, 6 757'S, 1 767-300ER, 1 777-200, 5 MD-80'S, 1 DC-10-30F, 1 MD-11F, 3 A320'S.

MAY 2000: 737-2Q8 (23148), EX-LADECO (LDE), LEASED TO WESTJET (WJI)
COMPLETES 470M CREDIT FACILITY WITH VARIOUS BANKS LED BY UNION BANK OF CALIFORNIA. 2 DC-9-32 LEASED TO LEGEND (LEG).

JUNE 2000: BOUGHT 737-76N (124-28577, /98 04 03, N577GE), FROM GECAS (GEH), LEASED TO LAPA (LAZ). 727-224 (22449), EX-CONTINENTAL AIRLINES (CAL), 3 YEAR LEASED TO SUN COUNTRY AIRLINES (SCA).

JULY 2000: 1 DC-9-32 (900-47765, /79 56 43, N33506), EX-AERO
CALIFORNIA (AEX), LEASED TO LEGEND (LEG).

AUGUST 2000: AMERICAN AIRCARRIERS SUPPORT, AN INTEGRATED AVIATION, JET MAINTENANCE, REPAIR & OVERHAUL (MRO) PROVIDER, MAKES A STRATEGIC INVESTMENT IN PEGASUS AVIAITION (PSS). (PSS) PORTFOLIO IS >200 AIRPLANES VALUED >$3B, >60 AIRLINE CUSTOMERS.

727-2M7F (21502), RETURNED FROM ECUATORIANA (ECU), LEASED TO EXPRESS ONE (EOI).

SEPTEMBER 2000: 727-225F (22438), EX-AEROPOSTALE (FPO), LEASED TO (DHL).

MARCH 2001: ACQUIRED TRANSMERIDIAN AIRLINES (TAL) (IN CHAPTER 11) FOR $2M.

MAY 2001: 2000 FY = 60 AIRPLANE TRANSACTIONS @ $2.5B. IT HAS 220 AIRPLANES IN PORTFOLIO.

JUNE 2001: 1 MD-87 (49780), EX-AMERICAN AIRLINES (AAL), LEASED TO VANGUARD (VAG).

JULY 2001: 1 MD-87 (1681-49413) EX-AUSTRIAN AIRLINES (AUL).

DECEMBER 2001: 1 727-224 (22449) LEASED FALCON AIR (FAX).

January 2003: 727-2D3 (1701-22269), returned from Avensa (AVN), leased to Santa Barbara Airlines (BBR).

February 2004: See attached link to Leasing Survey 2004, which shows (PSS) ranked 12th of the top 40 airplane leasing companies with 175 narrowbodies and 27 widebodies.

(FAX: +1 (415) 434-3917).

April 2004: Oaktree Capital Management who earlier (2/04) had taken a 51% stake in Spirit Airlines (SPR) for $125M, has agreed to invest $150M in Pegasus Aviation (PSS), an operating lessor.

Pegasus Aviation (PSS) has a fleet of >200 airplanes on lease to 70 airlines.

5 orders 737-800's to be leased to Continental Airlines (CAL).

August 2005: 6 orders (2/06) 737-800's (CFM56-7B).

October 2005: Pegasus Aviation (PSS) Finance Company named Toby Bright as its chief marketing officer. Bright spent 28 years at Boeing, rising to the position of executive VP-sales. He left the company following a corporate shakeup last December in which he was replaced as Boeing's top airplane salesman by former Connexion by Boeing President Scott Carson.

November 2005: Pegasus Aviation (PSS) Finance closed a $400 million revolving credit facility arranged, agented and managed by DVD Bank AG.

July 2006: Pegasus Aviation Finance Co (PSS) ordered two 787-8s and will take over an existing order for four 787-8s placed by Italy's Blue Panorama (BPA) in 2004. Pegasus will lease the airplanes to the carrier.

January 2007: Pegasus Aviation (PSS) Finance of California ordered two A350 XWBs and six A330-200s in a deal representing the lessor's first Airbus (EDS) order and the first public commitment to the new A350, since the program was relaunched last month.

"We pride ourselves in offering our customers the most modern and technologically advanced airplanes on the market and the A350 XWB strengthens this reputation," Pegasus (PSS) President & CEO, Richard Wiley said. "We have also been a strong supporter of the A330 program, particularly in Asia, and are delighted to have six more A330s in our portfolio to meet the requirements of our global customers and serve as a nice complement to our future A350 XWB deliveries."

May 2007: Terra Firma, a European private equity firm, added to its portfolio of operating lease companies with the purchase of San Francisco-based Pegasus Aviation Finance (PSS). Price was not disclosed. Sellers were investment funds, managed by Oaktree Capital Management and Pegasus senior management. Last year, Terra Firma acquired AWAS (AWW) from Morgan Stanley for $2.5 billion in cash plus the assumption of liabilities. Terra Firma Chief Executive, Guy Hands said the purchase of Pegasus (PSS) "builds on our initial AWAS (AWW) acquisition and will significantly strengthen our worldwide position within the airplane leasing sector." Pegasus (PSS) owns 82 airplanes and manages 94 others. It has 37 airplanes on order including the 787. AWAS (AWW) leases 134 airplanes to 72 airlines, according to Terra Firma.

June 2007: Terra Firma and AWAS (AWW) completed their acquisition of Pegasus Aviation Finance (PSS) of San Francisco, which was announced last month. The combination will create the world's third-largest airplane lessor, AWAS (AWW) said. The new company owns 223 airplanes valued at more than >$5.5 billion and has an additional 101 airplanes under management and on lease to more than 120 customers. It has $2.2 billion worth of orders in place with Airbus (EDS) and Boeing (TBC).

January 2008: AWAS (AWW), the Dublin-based lessor, gave Airbus (EDS) a strong start to the year with an order for 75 A320s plus 25 options.
The firm airplanes will bring its Airbus (EDS) portfolio to 145 units, the manufacturer (EDS) said. The deal is valued at $6.9 billion at list prices. "This transaction represents a natural extension of the new airplane order stream that we acquired in 2007 through the acquisition of Pegasus Aviation (PSS) Finance Company," AWAS (AWW) President & CEO, Franklin Pray said. "We have successfully doubled the size of our company in 2007, and this deal announcement is further confirmation of our prime position in the industry."

AWAS (AWW) currently owns and manages more than >320 airplanes and said it is one of the world's three largest airplane lessors.


For further info see AWAS (AWW).

Fleet:
(definitions)

June 2007:

1 727-2K5 (JT8D HK) (1553-21852, /79, N909PG), EX-(HAP), LST (MEX).

1 727-22 (JT8D) (507-19152, /67, OB-1548), EX-(UAL), LST (PER).

0 727-231 (19561, N12304), EX-(TWA), LST (PER), PARTED OUT 2001-05.

2 727-287 (JT8D) (21690, OB-1697; 22606, OB-1647), EX-(ARG), LST (PER).

2 727-2B7 (JT8D) (22163, N923PG; 22164, OB-1590), EX-(USA), LST (AEG).

1 727-2Q8 (JT8D HK) (21608, N776AT), EX-(PSA), LST (AAT).

1 727-230 (JT8D HK) (20675, N357KP), EX-(DLH), LST (CCA).

0 727-214 (JT8D HK) (20875, N227JL), EX-(PSA), LST (CCA), PARTED OUT 2004-08.

1 727-2J7 (JT8D HK) (20879, N128NA), EX-(TIG), LST (CCA).

1 727-2Q6 (JT8D HK) (21971, N1279E), EX-(LAC), LST (CCA).

2 727-2S7 (JT8D HK) (22019, N715RC; 22020, N712RC), EX-(REP), LST (GRD).

3 727-232 (JT8D HK) (20634, N17779; 20635, N17780; 20640, N33785; 20645, N10791; 20647, N45793) EX-(DAL), LST (CAL); 20645; 20647; PARTED OUT.

1 727-243 (JT8D HK) (21662, N10409), EX-(ALI), LST (CAL).

1 727-230 (JT8D HK) (21622, N10409), EX-(DLH), LST (CAL).

5 727-224 (JT8D HK) (22252, N79743; 22253, N79744; 22450, N79748; 22451, N79749; 22452, N79750), LST (CAL).

1 727-225 (JT8D HK) (1537-21856, /79, N88872), EX-(EAL), LST (CUS). (21856; FOR SALE/LEASE AVIATION ADVISORS INTL TEL: (941) 351-5400, APL LOCATED AT SARASOTA, FLORIDA).

2 727-2M7 (JT8D HK) (21502, N725RW), EX-(ECU), LST (EOI) 2000-08.

2 727-287 (JT8D) (21689, HC-BXU; 22603 HC-BTV), EX-(ARG), LST (ECU).

1 727-251 (JT8D HK) (19985, N266US), EX-(NWA), LST (FAX).

2 727-224 (JT8D HK) (20388, N32719), EX-(CAL), LST (FAX) (22449).

1 727-259 (JT8D HK) (22474, N203AV), EX-(AVI), LST (FAX).

2 727-225 (JT8D HK) (22438, F-GHDY; 22441 F-GHDZ), EX-(EAL), LST (DHL) & (PCF).

1 727-251 (JT8D HK) (741-19983, /69, N264US), EX-(NWA), LST (KHC).

1 727-2M7 (JT8D) (21823, CP-2324), EX-(HAW), LST (LAB).

1 727-287 (JT8D) (22605, CP-2323), EX-(ARG), LST (LAB).

1 727-287 (JT8D HK) (1777-22604, /81 43 33, XA-TGP), EX-(ARG), LST (CMA).

3 727-22 (JT8D) (19150, OB-1546; 19151, OB-1547; 19152), EX-(UAL) & (PER).

0 727-251 (JT8D) (19979, N26OUS), EX-(NWA), SCRAPPED 2004-07 AT ROSWELL.

1 727-281 (JT8D) (20728, N906PG), EX-(ANA).

2 727-224 (JT8D) (20664, N69735; 20665, YV-880C), LST (LSR), EX-(CAL).

2 727-251 (JT8D HK) (19978, N259US; 20289, N267US), EX-(NWA), LST (SKY).

1 727-276 (JT8D HK) (20951, N908PG), EX-(AUS), LST (FAX) 2001-02.

1 727-276 (JT8D HK) (21978, N901PG), EX-(ETH), LST (SKY).

0 727-251 (19977, OY-SES), EX-(NWA), LST (STR), SCRAPPED 2002-12.

2 727-281 (JT8D HK) (20571, OY-SEV; 20725, OY-TNT), EX-(ANA), LST (STR).

1 727-231 (JT8D HK) (20639, OY-SER), EX-(DAL), LST (STR).

1 727-2M7 (JT8D HK) (21202, OY-SEZ), EX-(HAW), LST (STR).

1 727-2M7 (JT8D) (1302-21457, N79751), RF (SVV) 2000-06.

1 727-287 (JT8D HK) (21688, OY-SEW), EX-(ARG), LST (STR).

15 727-231 (JT8D) (21628, N54341; 21629, N54342; 21630, N54343; 21631, N54344; 21632, N54345; 21633, N54346; 21634, N54347; 21967; 54348; 54348, N54349; 54349, N54350; 54383, N54351; 54384, N5432; 54385, 3; 54386, 4; 54387, 5).

1 727-2J7 (JT8D) (20880, PP-SFF), EX-(TIG), LST (VSP).

1 727-243 (JT8D) (22166, PP-SFE), EX-(ALI), LST (VSP).

15 737-200.

1 737-212 (JT8D) (20521, LV-WRO), EX-(SIA), LST (ARG).

2 737-2A8 (JT8D) (21496, LV-WSU; 21498, LV-WTG), EX-(IND), LST (ARG).

2 737-236 HGW (JT8D) (21796, N921PG; 21798, N922PG), EX-(BAB), LST (ARG).

4 737-236 HGW (JT8D) (23161, OB-1711; 23164, OB-1712; 23165, OB-1715; 23168, G-BKYJ), EX-(BAB).

2 737-236 HGW (JT8D) (21799, G-BGDJ; 23166, G-BKYH), LST (BAB).

1 737-236 HGW (JT8D) (1102-25535, N939PG), EX-(BAB) 1999-12.

1 737-25A (JT8D) (23789), EX-(TAC), LST (VAG) 2001-08.

1 737-2Q8 (JT8D) (23148, C-FLWJ), EX-(AMW), LST (WJI) 2000-05.

1 737-2H4 (JT8D) (609-21811), EX-(SWA) 2000-06, LST (WJI).

2 737-300 (CFM56-3)

1 737-382 (CFM56-3) (24366, CS-TIC), LST (TAP).

1 737-3A4 (CFM56-3) (23253, N675AA), EX-(CLF), LST (SWA).

3 737-400 (CFM56-3).

2 737-700 (CFM56-7B).

1 737-76N (CFM56-7B) (124-28577, /98, N577GE), LST (LAZ).

5 ORDERS 737-800 (CFM56-7B), LST (CAL).

6 ORDERS (2/06) 737-800 (CFM56-7B).

2 747-131 (19673, N93107; 19674, N93108), EX-(TWA). GRD.

1 747-143 (19729, N128TW), EX-(ALI) & (TWA), GRD.

1 747-206B (20398, N306TW), EX-(KLM).

1 747-212B (21938, LV-YPC), EX-(SIA), LST (ARG).

1 747-238B (20009, LV-WYT), EX-(ARG), LST (TRO) 2001-06.

2 747-238B (21054, N158UA; 21352, N161UA), EX-(QAN), LST (UAL).

1 747-257B (20116, LV-YSB), EX-(SWS), LST (ARG).

1 747-400.

6 757-200.

9 757-200ER (25133, EX-(CMA), LST (NAB) 2000-03).

1 757-236 (RB211-535E4) (453-25592, /92, N592KA), EX-(BES), LST (AMX).

1 757-236 (RB211-535E4) (57-23227, /85), EX-(INT), LST (ARE).

4 757-231 (PW2037) (28479, N705TW; 28482 N714P; 28483, N715TW), LST (TWA).

2 757-236 (RB211-535E4) (24118; 24119), LST (TAL) 2002-06.

1 757-200 (PW2037) (28488), LST (TWA) 1999-09.

1 767-200.

1 767-231 (JT9D-7R4D) (30-22567, /83, N604TW), LST (TWA).

3 767-300.

1 767-383ER (PW4060) (262-24357, /89, N984AN), EX-(SAS), LST (AVI).

2 767-3P6ER (CF6-80C2) (158-23764, /88, PT-TAL; 244-24349, /88, PT-TAM), EX-(GUL), LST (TBL).

1 777-200.

4 787-8 DREAMLINER, BF & LSD BACK TO (BPA) 2006-07.

1 DC-9-30 (48123), EX-(TWA), LST (DIR) 2000-02.

1 DC-9-30 (47765), LST (AEX).

1 DC-9-31 (JT8D-7) (570-47418, /70, XA-TKN), EX-(AUS), LST (TES).

1 DC-9-32 (45789), EX-(CAL), LST (LSR).

3 DC-9-32 (47765, 7/00), LST (LEG) 2000-05.

10 MD-80.

1 MD-82 (48079, N991PG).

2 MD-82 (JT8D-217) (1102-49154, /83, N903TW; 1104-49156, /83, N904TW) LST (TWA).

15 MD-82, LST.

10 MD-83, LST, 1 TO (ACH), 2 EX-(AEG) TO (AMX) 2000-02.

1 MD-87 (49780), EX-(AAL), LST (VAG) 2001-06.

1 MD-87 (1681-49413), EX-(AUL) 2001-07.

9 DC-10.

1 DC-10-10 (CF6-6D) (40-46901, /72, N68042), EX-(CAL).

1 DC-10-30 (CF6-50C2) (156-46945, /74, PP-VMB), EX-(VAR).

1 DC-10-30 (242-46950), EX-(AAL).

1 MD-11F (PW4168) (48408; 48410) LST (KAL) 1999-12. 48408; DESTROYED (W/O) OPERATING FOR (AVE) IN 2009-11. REPLACED BY 48410.

1 A320 (CFM56) (828), LST (CEA).

6 ORDERS A330-200.

2 ORDERS A350 XWB.

Management:
(definitions)

RICHARD WILEY, PRESIDENT & CHIEF EXECUTIVE OFFICER (CEO).

ERV BACH, SENIOR VP TECHNICAL SERVICES (2001-03).

JOHN LEGENDRE, DIRECTOR ENGINEERING & QUALITY ASSURANCE (QA),
(jlegendre@pegasusaviation.com) (2001-03).

TOBY BRIGHT, CHIEF MARKETING OFFICER, EX-(TBC) (2005-10).

 
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