Novus Aviation and Sumitomo Mitsui Trust to launch new aircraft leasing fund

Sumitomo Mitsui Trust Bank (SuMi Trust), and Novus Aviation Capital have announced the launch of the US$200 million Ortus Aircraft Leasing Fund (Ortus). Novus is co-sponsor in Ortus and will provide its aircraft lease management services to the fund through its global platform. Ortus is designed to capture the demand from Japanese institutional investors and will consist of a portfolio of global airlines and commercial aircraft manufactured by Boeing and Airbus. The fund will predominantly focus on sale and leaseback equity investments. Ortus is Latin for ‘rising’ and intends to represent the emergence of Japan’s financial institutions, such as SuMi