Azorra Aviation Announces Expense by Oaktree | Company
2 min readFORT LAUDERDALE, Fla.–(Enterprise WIRE)–Mar 17, 2021–
Azorra Aviation Holdings LLC (“Azorra”) today declared that it has entered into an agreement with resources managed by Oaktree Cash Administration, L.P. (“Oaktree”), beneath which Oaktree and Azorra’s founders will commit $350 million to grow Azorra’s professional plane leasing small business.
Led by a seasoned workforce of specialists that has worked together for well over a decade, Azorra intends to use the proceeds from the investment to accelerate its progress and solidify its placement as the major lessor in its segment, with a core target on regional, modest narrowbody and new know-how crossover plane.
“We are thrilled to align with Oaktree as we form Azorra’s platform to fulfill the distinctive wants of airways during an extraordinary time in business aviation,” said John Evans, Azorra’s CEO. “Together with Oaktree, we are positioned to carry progressive fleet rationalization, transition and funding options on present fleets and new aircraft for airline customers and OEMs.”
“Azorra is a tested chief in industrial plane leasing with the platform, skills and capabilities needed to deliver detailed fleet alternatives for airways and OEMs,” stated David Brown, Running Director at Oaktree. “We believe Azorra is uniquely positioned to grow its industry share, and we seem ahead to supporting its upcoming phase of development.”
UBS Financial investment Financial institution acted as distinctive placement agent for Azorra.
About Azorra
Azorra is a romantic relationship-driven industrial aircraft lessor, furnishing lease, funding, and asset administration alternatives with a concentration on regional, crossover and compact narrowbody aircraft. Azorra’s workforce is led by market veterans with a shared history of results and a prosperity of knowledge in plane leasing. Given that its inception, Azorra has done transactions on 37 plane. The company now owns and manages 11 aircraft and has obtain and lease commitments on an added 6 aircraft.
For more information, please stop by us at www.azorra.com or on LinkedIn.
About Oaktree
Oaktree is a chief among the international financial commitment professionals specializing in substitute investments, with approximately $148 billion in property below management as of December 31, 2020. The organization emphasizes an opportunistic, price-oriented, and chance-controlled solution to investments in credit, personal fairness, genuine property and stated equities. The company has in excess of 1,000 workforce and places of work in 19 cities globally. For more information and facts, remember to take a look at Oaktree’s web site at http://www.oaktreecapital.com/
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PUB: 03/17/2021 05:51 AM/DISC: 03/17/2021 05:50 AM
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