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Aviation & asset leasing · Sofia · since 2005

Leasing Finance

Dry leasing of aircraft, engines and flight simulators — and financial leasing for the vehicles and machinery that keep Bulgarian business moving.

Explore the fleetContact us
Established in Sofia
2005
Total assets at 31.12.2025
€117.35M
Registered paid-in capital
€20.24M
Aircraft share of net minimum lease payments
86.32%
Section 1 of 11Since 2005

Company history

Leasing Finance EAD — formerly Piraeus Leasing Bulgaria EAD — was established at the beginning of 2005 as a 100% subsidiary of Piraeus Bank S.A., Greece. Today it is part of Finance Security Group and specialises in aviation leasing.

A finger pressing an illuminated power button

  1. 2005

    Founded as Piraeus Leasing Bulgaria

    Established at the beginning of 2005, 100% owned by Piraeus Bank S.A., Greece. Operations were carried out through Piraeus Leasing Bulgaria S.A. and Piraeus Auto Leasing S.A.

  2. 2006

    Member of the Bulgarian Association of Leasing

    Joined the Bulgarian Association of Leasing (BAL), contributing to the development and improvement of the legislation and the investment environment in the country.

  3. 2012

    Merger

    On 2 July 2012 Piraeus Best Leasing Bulgaria S.A. and Piraeus Auto Leasing S.A. merged into Piraeus Leasing Bulgaria S.A.

  4. 2016

    Leasing Finance EAD

    Piraeus Leasing Bulgaria EAD was acquired by Finance Info Assistance EOOD and renamed Leasing Finance EAD.

  5. Today

    Aviation specialist

    Over the last ten years the company has specialised in aviation leasing — aircraft, aircraft engines and flight simulators.

Section 2 of 11What we do

Main activity

The company’s main activity is the provision of operating and financial leasing.

Leasing Finance currently has 12 full-time employees.

Who we work with

  • 01

    Large corporates

    Large corporate companies operating on the Bulgarian market.

  • 02

    Small & medium enterprises

    A significant number of small and medium-sized enterprises.

  • 03

    Individuals

    Funding for individuals, mainly for the purchase of passenger cars.

Assets we finance

  • Vehicles

    Cars, vans, trucks and specialised vehicles.

  • Production lines & machinery

    Machinery, facilities and equipment for food processing, packaging, bottling, printing, wood and metal processing and other industries.

  • Construction machinery

    Construction and road-construction machinery and equipment.

  • Aircraft, helicopters & simulators

    Airplanes, helicopters and flight simulators.

Light trails reflected along the side of a car in motion

  1. 01

    New or used

    Finance leases are granted for both used and brand-new assets.

  2. 02

    Your choice of asset

    Clients choose the leased asset and its technical parameters.

  3. 03

    We negotiate with the supplier

    Leasing Finance conducts all negotiations with the supplier that provides the asset.

Section 3 of 11Aviation leasing

Why aviation leasing?

Aircraft are expensive and airline margins are thin — few airlines can afford to pay for their fleet in cash.

Leasing Finance is a financial institution that buys and leases assets under financial and operating leases, and has specialised in aviation leasing for the last ten years.

The most popular commercial aircraft allocation schemes are asset-backed finance and operating leases. Finance leasing is used by many large, financially stable airlines that are prepared both to take on the aircraft’s residual-value risk and to manage it.

  • High asset cost

    Low profit margins mean few airlines can buy their fleet outright.

  • Operating leases

    With asset-backed finance, the most popular way to allocate commercial aircraft.

  • Finance leases

    Chosen by large, financially stable airlines ready to take on — and manage — residual-value risk.

Section 4 of 11Aviation portfolio

Fleet register

Aircraft, engines and helicopters acquired by Leasing Finance EAD. Most are placed with airlines on dry leases.

Showing 7 of 7 transactions

  • 29.05.2026

    Airbus A319, ×1Aircraft

    LZ-FBA
    MSN / ESN
    3564
    Acquired from
    Bulgaria Air JSC (previous operator)
    Lease
    —

  • 11.12.2025

    CFM56‑5B6/3, ×2Engines

    —
    MSN / ESN
    699842, 699844
    Acquired from
    WWTAI AirOpCo II DAC, under a financial lease agreement
    Lease
    Dry lease to Bul Air Ltd.

  • 15.09.2022

    Embraer E190‑100AR, ×3Aircraft

    LZ-BURLZ-VARLZ-SOF
    MSN / ESN
    19000551, 19000496, 19000492
    Acquired from
    Bulgaria Air JSC
    Lease
    Dry lease to Bulgaria Air JSC

  • 28.06.2021

    Airbus A319‑111, ×3Aircraft

    LZ-MAALZ-MADLZ-MAK
    MSN / ESN
    04859, 04875, 05130
    Acquired from
    GY Aviation Lease 103 Co Limited (Dublin)
    Lease
    Dry lease to Voyage Air Ltd.

  • 05.03.2021

    EC135 T2, ×4Helicopters

    EC-IONEC-ITJLZ-ECCLZ-ECD
    MSN / ESN
    0272, 0306, 0317, 0354
    Acquired from
    Babcock Mission Critical Services Fleet Management SAU (Spain)
    Lease
    —Sold in 2026 to Optima Aero Europe SAS (France)

  • 11.09.2018

    Boeing 737‑300, ×3Aircraft

    LZ-BVSLZ-BVTLZ-BVU
    MSN / ESN
    28036, 28037, 27708
    Acquired from
    Bank of Utah, as owner-trustee of Rostrum Leasing 1 DAC
    Lease
    Dry lease to Bul Air Ltd.Previous operator: Southwest (USA)

  • 22.03.2017

    Boeing 737‑300, ×4Aircraft

    LZ-BVLLZ-BVMLZ-BVNLZ-BVR
    MSN / ESN
    29072, 29100, 29264, 29265
    Acquired from
    Norwegian Air Shuttle ASA
    Lease
    Dry lease to Bul Air Ltd.
Airbus A320-family airliner in plain white livery on the apron
Airbus A320-family on the apron (illustrative photo)
Yellow EC135 T2 helicopter in front of a hangar
EC135 T2 — the helicopter type held 2021–2026 (illustrative photo)
Section 5 of 11Training project

Aviation training

Sofia Airport · Terminal 1

In cooperation with an Aviation Training Academy, Leasing Finance is developing an aviation training project at Sofia Airport, Terminal 1. The project includes the acquisition and operation of a full-flight simulator and cabin training devices.

CAE 7000XR full-flight simulator on its motion platform in the training hangar

From order to ready for training

  1. Airbus A320 Full Flight Simulator, Series 7000XR with visual system

    Supplier: CAE Inc.

    Ordered: 30.03.2023. Ready: 31.10.2025. Installed and ready for training.

  2. Cabin Fire & Smoke Trainer V7000 Brigade™

    Supplier: Flame Aviation B.V.

    Ordered: 16.05.2024. Factory acceptance: 16.04.2025. Ready: 04.11.2025. Accepted and installed.

  3. A220 Door Trainer and A320/B737 Hybrid Compact CEET

    Supplier: Spatial Composite Solutions FZ LLC

    Ordered: 20.12.2024. Ready: 04.12.2025. Accepted and installed.

Section 6 of 11Growth through acquisitions

Group companies

Leasing Finance has oriented its business primarily towards aviation leasing — aircraft form the majority of its portfolio. To develop and expand its position in the aviation market, the company has also acquired aviation-related companies.

100% owned

Fly Lease EOOD

Acquired: 23.02.2022

Object of activity

Air transport; operation of own and leased aircraft and helicopters; aircraft repair, maintenance and trade; training of pilots and technical staff; aircraft leasing.

On 23 February 2022 Leasing Finance EAD acquired all shares in the capital of Fly Lease EOOD.

Over time the company has concluded agreements with foreign leasing companies for the acquisition of a total of eight aircraft. The first, in 2020, was a tripartite agreement with GECAS Trading Ireland Limited for an Airbus aircraft, provided to Bulgaria Air AD under a finance lease. In 2024 three further tripartite agreements with ALC Clover Ireland Limited added Airbus A220 aircraft — LZ‑AMS, LZ‑ROM and LZ‑LIS — together with a spare engine, provided to Bulgaria Air AD under operating leases. In 2025 an A220‑300, LZ‑FRA, followed on the same terms.

Since its acquisition by Leasing Finance EAD, Fly Lease EOOD has continued to expand through long-term agreements with international aircraft lessors; the aircraft are subleased to Bulgaria Air AD.

Sold in 2023

Aircraft Lease EOOD

Acquired: 25.11.2021

Object of activity

Air transport; operation, repair and trade of aircraft and spare parts; training of pilots and technical staff; supply of aviation fuels and lubricants.

On 25 November 2021 Leasing Finance EAD became the sole owner of the capital of Aircraft Lease EOOD, acquiring the shares from Bul Air EOOD.

The company was further developed and sold in 2023, with a positive financial outcome for Leasing Finance EAD.

Fly Lease — finance lease agreements in force at 31 December 2025

  • Registration: LZ-FBG

    Aircraft: Airbus A320

    Lessor: Celestial Aviation Trading 49 Limited

  • Registration: LZ-PAR

    Aircraft: Airbus A220-300

    Lessor: ALC Clover Ireland Limited

  • Registration: LZ-AMS

    Aircraft: Airbus A220-300

    Lessor: ALC Clover Ireland Limited

  • Registration: LZ-VIE

    Aircraft: Airbus A220-100

    Lessor: ALC Clover Ireland Limited

  • Registration: LZ-ROM

    Aircraft: Airbus A220-300

    Lessor: ALC Clover Ireland Limited

  • Registration: LZ-LON

    Aircraft: Airbus A220-300

    Lessor: ALC Clover Ireland Limited

  • Registration: LZ-LIS

    Aircraft: Airbus A220-100

    Lessor: ALC Clover Ireland Limited

  • Registration: LZ-FRA

    Aircraft: Airbus A220-300

    Lessor: ALC Clover Ireland Limited

Section 7 of 11Strategy

Development strategy

  1. 01

    Aviation focus

    Preserve the company’s focus on the dry leasing of aircraft, aircraft engines and flight simulators.

  2. 02

    Medical helicopters

    Develop the dry leasing of medical helicopters serving the needs of insurance companies and hospitals.

  3. 03

    Loyal customers

    Provide exceptional care for existing loyal customers, regardless of the size of their fleet — the basis for the sustainable development of the portfolio.

  4. 04

    Additional revenue

    Generate additional revenue as a means to deliver the company’s vision of impeccable quality to its customers.

  5. 05

    Cost of funding

    Optimise the cost of funding to boost profitability and allow a more flexible pricing policy.

  6. 06

    Continuous improvement

    Keep evolving internal rules and procedures, workflow standards and employee satisfaction — translating into enhanced customer service.

Section 8 of 11Figures

Portfolio services

The active lease portfolio includes finance lease agreements with an active repayment schedule. It is diversified both by number of clients and their exposure and by the economic sector in which the lessees operate. The company serves mainly companies — contracts with individuals are insignificant in number.

Operating leasing is on a sustained growth trend, with its best performance since the start of the activity. Revenue from operating leases comes from two main sources: rental of cars and rental of aircraft.

Section 9 of 11Partners

Our partners

For the maintenance, service and repair of the fleet we rely on successful partnerships with some of the most renowned companies on the market.

  • Boeing
  • GECAS
  • Dublin Aerospace
  • Atitech
  • AvionMar
  • Aero Norway
  • Airbus
  • Lufthansa Technik Sofia
  • AirWorks
  • FL Technics
  • Airlift
  • Magnetic MRO
  • Flame Aviation
  • SAC
  • Spatial
  • CAE
  • Optima Aero
  • Avincis
  • Safran

Financing partners

For the financing of our projects we have the support of:

  • Central Cooperative Bank
  • Texim Bank
  • UniCredit Bulbank
  • Armeec
Section 10 of 11Ownership

Company details

Leasing Finance is a sole-owner joint-stock company registered in the Bulgarian Trade Register. Its sole shareholder is Finance Info Assistance EAD, a Bulgarian company that is part of Finance Security Group.

Legal name
Leasing Finance EAD
Legal form
Sole-owner joint-stock company (EAD)
UIC
131352367
VAT number
BG131352367
Registered office
53 Cherni Vrah Blvd, Lozenets, Sofia
Paid-in capital
EUR 20,235,630
Total assets at 31.12.2025
EUR 117,352,666
Sole shareholder
Finance Info Assistance EAD, part of Finance Security Group
Section 11 of 11Contact

Get in touch

Whether you are an airline, a lessor or a company looking to finance its next asset, our team in Sofia will be glad to hear from you.

Registered office

53 Cherni Vrah BlvdLozenets, SofiaBulgaria
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