Airline Economics London details; Acasta Enterprise acquires Stellwagen Group

Eleanor Steed
By Eleanor Steed November 11, 2016 14:57

Airline Economics London details; Acasta Enterprise acquires Stellwagen Group

AIRLINE ECONOMICS
LONDON 2016

Proudly supported by: Norton Rose Fulbright & IBA Group

Airline Economics London takes place at 3 More London Riverside, London on the 7th and 8th December 2016

7th December – Widebody aircraft investment day – Including mid-life trading, new aircraft finance and valuations, trading A380s and 777s in the secondary market.
8th December – Narrowbody aircraft investment day – including lease return expectations, the future market, mid-life trading and valuations.

This is a free of charge event for all attendees (cost of hotel room covered for all airline staff):

To book your place contact philipt@aviationnews-online.com
AE London, the home of the big debate, does not offer crystal balls!

No one is able to look further down the road than the next bend in this fragmenting political landscape. This event always deals in cold, hard reality, what is happening on the ground right now and what can be done to assist investors in aircraft at all stages of life.

If you want to know what is going on in the here and now in very clear terms, then book today – spaces are limited as always.


Speakers for 2016 include:

Rob Morris, Head of Consultancy, Ascend / Duncan Batchelor, Norton Rose Fulbright / Phil Seymour, CEO, IBA / Stuart Hatcher, IBA / Les Weal, Oriel / Keith Stonestreet, Director Investor Marketing, Airbus / Bobby Janagan, General Manager, Rolls-Royce & Partners Finance /  Dan Coulcher, SVP & Chief Commercial Officer – EMEA, Willis Lease Finance Corporation / Roger Welaratne, Senior Vice President & General Manager, Engine Leasing, GE Capital Aviation Services / Ian Malin, Treasurer, Director and Chief Investment Officer, AJW Group / Tony Whitty, Managing Director, Cabot Aviation / Gary Fitzgerald, Managing Director, Stratos / Bill Cumberlidge, Chairman and Chief Commercial Officer, GC Aviation Partners Limited (GCAP) / Karl Brünjes, Principal. Managing Director, Deal Origination, RPK Capital / Jonathan McDonald, Senior Analyst, IBA / Kostya Zolotusky, Managing Director, Capital Markets Development, Boeing Capital Corp / Patrick Farrell, Patner, Norton Rose Fulbright / Robin Springthorpe, Norton Rose Fulbright.

Stellwagen Group sold

Acasta Enterprises, a Toronto, Canada based public company, has acquired Stellwagen Group (Stellwagen) for approximately US$270 million plus future consideration contingent on the operating performance of Stellwagen over the next three to five years. Acasta will commit to investing US$100 million into Stellwagen Capital’s Senior Loan Company or another strategic investment. These agreements are subject to certain conditions, including regulatory approval and approval by Acasta’s shareholders.

“Aircraft asset management and financing is an extremely attractive industry, with strong returns and much less volatility than the airline sector as a whole,” said Michael Neal, an Acasta Founder and Advisor, and current member of JP Morgan’s Board of Directors. “The newly-launched technology business also gives us a high level of confidence that the Stellwagen team can deliver, and is validated by the traction they have already received in the market,”  As the former CEO of GE Capital, Neal oversaw GE Capital Aviation Services’ $46 billion commercial aircraft and financing business unit.

Douglas Brennan, CEO of the Stellwagen Group, expressed his confidence in Acasta: “Acasta’s leadership includes some of the most highly respected individuals in the global aviation and finance industries. Under the leadership of Anthony Melman and the Board of Directors of Acasta, our partnership will accelerate our business model by delivering permanent capital into our Group, fulfilling our goal to provide stable and flexible capital to the aircraft industry – on the one hand – and better risk-adjusted returns for our shareholders and aircraft investors – on the other.”

Stellwagen Capital’s CEO, Howard Millar commented: “I am pleased to have such a strong capital partner. We plan to have $5 billion in assets under management within three years, and believe that Acasta is the right partner to enable us to deliver these targets.”

Stellwagen is launching a series of aircraft related investment vehicles, the first of which is a senior secured aircraft loan company designed to meet the increasing demand caused by the retreat of the aviation banks.”

Eleanor Steed
By Eleanor Steed November 11, 2016 14:57