Sydney, Australia, 03 May 2019 - EastWest Aviation (EastWest) is pleased to confirm that it has refinanced a Fairchild Metroliner turboprop aircraft (VH-UUN) for Melbourne based Sharp Airlines (Sharp). This refinance transaction supports Sharp’s ongoing growth in the Australian overnight air freight market by also funding instrumentation upgrades.
Following this initial leasing transaction, EastWest will develop and further invest into the capabilities and services it brings to aviation operators across regional Australia.
EastWest Aviation is a Sydney based provider of capital to operators of turboprop aircraft. The business was established in 2018 to offer comprehensive leasing solutions (and potentially equity capital) to airlines serving regional Australia.
Melbourne based Sharp Airlines was founded 28 years ago and operates 14 aircraft across five states, and each year carries in excess of 80,000 passengers and 1.5 million kilos of freight.
Sharp operates a regional airline with a particular focus on Tasmania, the Bass Strait Islands and south eastern Australia. Sharp also has a significant charter business, and an air freight business, both of which operate throughout Australia using a fleet of ten Fairchild Metroliner turboprop aircraft (19 passenger), and three Cessna Conquest 441 turboprops.
With over 80 staff spread across a number of operational and maintenance bases, Sharp has a wealth of regional aviation expertise and experience.