Abu Dhabi, United Arab Emirates – May 14, 2021
Sirius Aviation Capital Holdings Limited (“Sirius”), a global aircraft lessor based in Abu Dhabi Global Market (“ADGM”), announced the acquisition of five (5) single-aisle, mid-life aircraft from BOC Aviation, a member of Bank of China Group (the “Acquisition”). This brings the total aircraft acquired from BOC Aviation to ten (10). To acquire these aircraft Sirius has entered into a joint venture with certain investment funds managed by HPS Investment Partners (“HPS”). HPS is a global investment firm with approximately $69 billion of assets under management.
Sirius’ share of the joint venture was funded via its commitment from its anchor investor, Abu Dhabi Catalyst Partners (“ADCP”). ADCP is a joint venture between Mubadala Investment Company P.J.S.C. (a sovereign investor owned by the Government of Abu Dhabi and Falcon Edge (a US investment company).
The Acquisition underpins Sirius’ investment strategy of acquiring in-demand, single-aisle, mid-life aircraft that are globally on lease to strong airline credits, enabling investors to generate attractive risk adjusted returns.
Edward Coughlan, Chief Commercial Officer & Deputy CEO of Sirius commented on the transaction:
“We are pleased to have entered into the joint venture with HPS to acquire these aircraft on lease to top tier airline credits availing of the attractive returns available in mid-life single aisle aircraft leasing. HPS is a leading global investment firm with significant aviation investment experience. The aircraft portfolio is a mix of the in-demand Boeing 737s and Airbus A320s and are leased to best-in-class airline credits including Southwest Airlines in the US and Air New Zealand. We look forward to building on the relationship with HPS over the coming years by leveraging our industry relationships to, invest in aircraft PLB’s (Purchase and Leasebacks) directly with airlines, acquire aircraft in portfolio opportunities, while delivering attractive returns for our respective investors.”
About Sirius Aviation Capital
Sirius Aviation Capital Holdings Limited is a global aircraft lessor based in Abu Dhabi Global Market (“ADGM”). Sirius deploys innovative strategies in the financing and acquisition of aircraft offering investors in its funds attractive, risk adjusted stable and transparent returns. Sirius primarily targets opportunities in mid-life short-haul aircraft.
About HPS Investment Partners
HPS Investment Partners is a leading global investment firm that seeks to provide creative capital solutions and generate attractive risk-adjusted returns for our clients. We manage various strategies across the capital structure that include syndicated leveraged loans and high yield bonds to privately negotiated senior secured debt and mezzanine investments, asset-based leasing and private equity. The scale and breadth of our platform offers the flexibility to invest in companies large and small, through standard or customized solutions. At our core, we share a common thread of intellectual rigor and discipline that enables us to create value for our clients, who have entrusted us with approximately $69 billion of assets under management as of April 2021.
About Abu Dhabi Catalyst Partners
Abu Dhabi Catalyst Partners is a joint venture between Mubadala Investment Company, based in Abu Dhabi, and Falcon Edge Capital, based in New York City. ADCP was established in April 2019 with a dual mandate to achieve financial returns while also contributing to the overall development of the ADGM. ADCP seek to partner with top-tier investment firms and industry leading businesses who would benefit from developing a meaningful and sustainable presence in the ADGM. https://www.adcatalystpartners.com/
For Further Information:
Brendan Murphy
Teneo
[email protected]
Tel +353872051111