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.
This post was published on 15 September 2024 15:32
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