SAN FRANCISCO, Oct. 6, 2022 /PRNewswire/ — SKY Leasing (“SKY”), an aviation funding supervisor introduced at this time that Sky Fund I, LP has entered right into a definitive agreement to sell Sky Fund I Irish, Ltd. (“SKY Fund I”) and its subsidiaries to Dubai Aerospace Enterprise (“DAE”). The SKY Fund I portfolio is comprised of 36 owned and dedicated plane on lease to 14 airways globally. The portfolio is greater than 90% subsequent era expertise plane.
“The strong demand for this portfolio is a validation of SKY’s strategy of providing capital to airlines to execute on their fleet replacement initiatives. We are pleased to sign an agreement that will recognize the value we have built up on behalf of our institutional investors. We remain committed to the growth of our business through future investment vehicles” mentioned Austin Wiley, CEO of SKY Leasing.
SKY Leasing was suggested by Milbank and PWC.
About SKY Leasing
SKY Leasing (“SKY”) is a premier plane leasing asset supervisor with places of work in San Francisco, California, Dublin, Ireland, and Singapore. The firm’s fund administration business was based in 2019, in partnership with M&G Investments which acquired a stake within the business and invested $300 million of fairness in its 2019 classic fund. As of June 30, 2022, SKY Leasing manages a portfolio valued in extra of $3.5B and has over $750M of fairness underneath administration. For extra details about SKY Leasing, go to www.skyleasing.com.
SOURCE SKY Leasing
