Castlelake L.P., a global investment manager specialising in aircraft assets, has agreed to sell a $5 billion aircraft portfolio to Avolon, a major aviation finance company.
The portfolio, held by Castlelake Aviation Limited (CA Ltd.), consists of 118 modern, fuel-efficient aircraft, including narrowbody, widebody, and regional jets. This sale supports Castlelake’s strategy of delivering strong returns to investors, while providing Avolon with a high-quality fleet to enhance its cash flow and earnings.
The transaction, advised by Goldman Sachs, is expected to close in Q1 2025.