Azorra Aviation Announces Investment by Oaktree

FORT LAUDERDALE, Fla.–(Business WIRE)–Azorra Aviation Holdings LLC (“Azorra”) today introduced that it has entered into an arrangement with money managed by Oaktree Cash Administration, L.P. (“Oaktree”), under which Oaktree and Azorra’s founders will spend $350 million to broaden Azorra’s business plane leasing company.

Led by a seasoned team of pros that has labored collectively for properly in excess of a decade, Azorra intends to use the proceeds from the expense to speed up its progress and solidify its placement as the main lessor in its section, with a core concentrate on regional, compact narrowbody and new technological innovation crossover aircraft.

“We are thrilled to align with Oaktree as we form Azorra’s platform to satisfy the special wants of airlines throughout an incredible time in business aviation,” reported John Evans, Azorra’s CEO. “Jointly with Oaktree, we are positioned to convey innovative fleet rationalization, changeover and funding alternatives on current fleets and new aircraft for airline customers and OEMs.”

“Azorra is a verified chief in business aircraft leasing with the platform, expertise and abilities required to deliver complete fleet remedies for airways and OEMs,” claimed David Brown, Handling Director at Oaktree. “We believe Azorra is uniquely positioned to increase its market share, and we seem forward to supporting its future stage of development.”

UBS Investment Lender acted as exclusive placement agent for Azorra.

About Azorra

Azorra is a partnership-driven professional plane lessor, delivering lease, financing, and asset administration answers with a target on regional, crossover and compact narrowbody aircraft. Azorra’s staff is led by field veterans with a shared history of accomplishment and a wealth of practical experience in plane leasing. Due to the fact its inception, Azorra has done transactions on 37 aircraft. The corporation now owns and manages 11 plane and has buy and lease commitments on an added 6 plane.

For supplemental information and facts, remember to visit us at www.azorra.com or on LinkedIn.

About Oaktree

Oaktree is a chief amid global financial commitment professionals specializing in different investments, with about $148 billion in property under management as of December 31, 2020. The firm emphasizes an opportunistic, price-oriented, and threat-managed solution to investments in credit history, private equity, true assets and stated equities. The firm has more than 1,000 employees and offices in 19 cities around the world. For extra information, please stop by Oaktree’s web page at http://www.oaktreecapital.com/