AWAS (company)

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Ansett Worldwide Aviation Services (AWAS)
Division
IndustryAircraft leasing and sales
Founded1985
Defunct2017
HeadquartersDublin, Ireland
Websitewww.awas.com

Ansett Worldwide Aviation Services (AWAS) or simply Ansett Worldwide was one of the world's largest commercial jet aircraft leasing companies. Its head office was located in Dublin, Ireland, and it had offices in Miami, New York City, and Singapore.[1]

In August 2017, AWAS was acquired by Dubai Aerospace Enterprise, both managing at least 329 airliners.[2][3]

History[edit]

AWAS was Ansett Australia's subsidiary and leasing arm from 1985 until February 2000.[4]

It was sold to an affiliate of Morgan Stanley Dean Witter in 2000 for close to US$600 million. At the time of sale, AWAS had a leasing portfolio of 105 aircraft valued at US$4 billion, with 47 airlines.[5] The Ansett name was retained as it was instantly recognisable in the global aviation industry.[4] Under Morgan Stanley ownership the company was renamed simply Ansett Worldwide, the Aviation Services being omitted. The Ansett Worldwide fleet was combined with the Morgan Stanley Aircraft Leasing fleet, resulting in a combined fleet size of 180 aircraft by 2003.

In 2004 Ansett Worldwide was rebranded as AWAS. A company media release issued to coincide with the rebranding stated that the company had outlived its association with a failed airline, hence the dropping of the Ansett name. In the industry it was known that some customers had shown a reluctance to deal with Ansett Worldwide, perceiving that the aircraft available were ex-Ansett Airlines aircraft that had been sitting idle since the airline had ceased operations, despite assurances from the lessor that this was not true.

The wetleasing arm was rebranded Australian Worldwide Aviation Services and sold to Australia's largest airline Qantas, which at the time was leasing two Boeing 767 aircraft from AWAS.[citation needed]

Morgan Stanley sold AWAS in 2006 to the UK hedge fund Terra Firma with management and operations relocated to Dublin.

In 2007 AWAS acquired and integrated the Pegasus Aviation Finance Company into its company.[6]

Corporate affairs[edit]

AWAS had its head office in Block B of Riverside IV along Sir John Rogerson's Quay in Dublin, Republic of Ireland.[1][7] Its Miami office was in One Brickell Square in Downtown Miami. Its New York City office wasin Suite 203 of 620 at 444 Madison Avenue. The company had an office in Singapore.[7]

Previously its Dublin location was in the City West Business Campus. It also had a London office in the City of Westminster.[8] At a later point the Dublin office was located in Regus House at Harcout Centre.[9] By 2007 the company opened its new Dublin headquarters, Alexandra House, The Sweepstakes, Ballsbridge. At that time it consolidated its London office into its Dublin headquarters.[10]

The company previously had an office in Bellevue, Washington, in Greater Seattle.[8] In 2006 the office had 30 employees in the office.[11] By 2007 it merged into the Miami office.[12]

References[edit]

  1. ^ a b "Our Company." AWAS. Retrieved on 8 August 2011. "Our team of commercial aviation industry professionals serves markets in The Americas, Europe, Middle East, and Asia-Pacific, from our Dublin headquarters and offices in New York, Miami, and Singapore."
  2. ^ Scott Hamilton (21 August 2017). "Pontifications: DAE acquires AWAS, moves up in lessor status". Leeham Co.
  3. ^ https://www.reuters.com/article/us-dubai-aerospace-awas-aviation-sr-idUSKCN1B006R
  4. ^ a b "Archived copy" (PDF). Archived from the original (PDF) on 9 November 2005. Retrieved 8 February 2016. Cite uses deprecated parameter |deadurl= (help)CS1 maint: archived copy as title (link)
  5. ^ "Ansett Worldwide Aviation Services.(sale to an affiliate of Morgan Stanley Dean Witter)(Brief Article)(Statistical Data Included)". Air Transport World. Archived from the original on 18 October 2008. Cite uses deprecated parameter |dead-url= (help)
  6. ^ "AWAS ANNOUNCE OPERATIONAL REVIEW FOR 2007." AWAS. 1 February 2008. Retrieved on 8 August 2011.
  7. ^ a b "Locations." (Direct link to Flash) AWAS. Retrieved on 8 August 2011. "AWAS, Block B, Riverside IV, Sir John Rogerson's Quay, Dublin 2, Ireland" and "Miami Office AWAS, 801 Brickell Avenue, Suite 800, Miami, Florida, 33131, USA" and "New York Office AWAS 444 Madison Avenue NY NY 10022" and "AWAS, 435 Orchard Road, #10-03 Wisma Atria, Singapore, 238877"
  8. ^ a b "Corporate Locations." Ansett Worldwide. 20 October 2001. Retrieved on 8 August 2011. "Dublin Office Ansett Worldwide 3013 Lake Drive City West Business Campus Dublin 24 Ireland" and "London Office Ansett Worldwide 3rd Floor 14 Floral Street London WC2E 9DS United Kingdom" and "Seattle Office Ansett Worldwide 110-110th Avenue NE Suite 410 Bellevue WA 98004 USA"
  9. ^ "Corporate Locations." Ansett Worldwide. 20 June 2006. Retrieved on 8 August 2011.
  10. ^ "Corporate Locations." AWAS. 6 April 2007. Retrieved on 8 August 2011.
  11. ^ "AWAS plane-leasing firm to be sold." The Seattle Times. Tuesday 31 January 2006. Business Digest. Retrieved on 8 August 2011.
  12. ^ "Corporate Locations." AWAS. 28 July 2007. Retrieved on 8 August 2011.

External links[edit]