16/01/2020

Sirius Aviation Capital (“Sirius”), headquartered in Abu Dhabi Global Market, announced on 16th January that it contracted to purchase eight aircraft from one of the top 10 aircraft lessors. The aircraft are all mid-life single-aisle types, with a market value of circa US$290m and on lease to 6 airlines globally.

Commenting on the acquisition Edward Coughlan the Chief Commercial Officer of Sirius said:

“We are delighted with our first acquisition of 8 in demand single aisle aircraft (6 Airbus A320’s and 2 Boeing 737-800’s) with an average age of 8 years which have been sourced from a leading global aircraft lessor. This initial portfolio acquisition is a major step forward for the development of Sirius and we look forward to concluding further portfolio acquisitions in 2020.

About Sirius

  • Sirius is a recently established aircraft leasing platform headquartered in Abu Dhabi with offices in Abu Dhabi and Dublin.
  • On December 11, 2019 Abu Dhabi Catalyst Partners announced a strategic partnership with Sirius to invest in mid-life, single-aisle aircraft, which are currently on lease to airlines around the globe.
  • Through a joint venture between both companies, the Abu Dhabi Catalyst Partners fund has committed US$100 million to Sirius Aircraft Investments which will be based in Abu Dhabi Global Markets(“ADGM”) to leverage its close proximity to the rapidly growing aviation market in the GCC, Africa, Central and South East Asia.
  • As part of the partnership Catalyst Partners have acquired a significant minority stake in Sirius.
  • The Catalyst Fund is a JV between Mubadala Investment Company and Falcon Edge.