Ansett Worldwide Aviation Services is formed as a leasing venture between TNT and News Corporation, joint owners of the Australian airline, Ansett Airlines. TNT and News Corp agree to put twelve B737-300s already on order for the airline into the new leasing enterprise. Ansett Worldwide Aviation Services delivers its first aircraft on lease to America West in October 1986.
1986 - 1991 Ansett Worldwide Aviations Services places large orders with Boeing, Airbus and McDonnell Douglas. Ansett Worldwide becomes active in the trading and aircraft leasing market and by the end of the 1980s is a major player in the aircraft leasing industry with a growing customer base across the globe.
Ansett Worldwide's order book represents firm orders valued at $4.5 billion at list prices, with additional options worth $2.1 billion.
In April 2000 US investment bank Morgan Stanley Dean Witter MSDW acquires AWAS. Fleet stands at 105 aircraft valued at circa $3 billion.
In June 2001 MSDW unwinds two aircraft securitizations and adds 60 aircraft to Ansett's existing fleet to create a combined portfolio valued at over $5 billion. MSDW changes strategy and looks to sell AWAS but suspends efforts following decimation of the aviation sector in the wake of 9/11.
In June 2004, Ansett Worldwide Aviation Services officially changes its name to AWAS.
In March 2006, European private equity company Terra Firma buys AWAS from US investment bank Morgan Stanley. AWAS become Terra Firma's growth platform in the aircraft leasing sector and moves its headquarters to Dublin, Ireland.
In June 2007, AWAS acquires Pegasus Aviation Finance Company, San Francisco and combines the two businesses. Pegasus is one of the world's leading capital providers to airlines for new deliveries and fleet management solutions. The combination of AWAS and Pegasus creates the world's third-largest aircraft lessor.
In December 2007, AWAS announces an order for 31 Boeing Next-Generation 737 aircraft, and purchase rights for a further 19. The estimated list value of the deal is $2.3 billion.
In January 2008, AWAS completes an order for 100 new aircraft from Airbus. This deal valued at $6.9 billion at list prices, will see AWAS take possession of 75 new A320 aircraft with options for an additional 25.
AWAS celebrates 25 years in the aviation business.
In August 2010, Ray Sisson is appointed President & CEO of AWAS.
24th May 2013
AWAS to lease one 737-800 passenger aircraft to new customer Corendon Airlines
10th May 2013
AWAS delivers A320 to new customer TAME, flag carrier of Ecuador
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