Wings Capital acquires nine aircraft

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By TESTCustomwebLP TESTCustomwebLP August 3, 2016 20:08

Wings Capital acquires nine aircraft

Wings Capital Partners has acquired nine commercial jet aircraft, which have been or will be acquired with the equity support of Two Sigma Private Investments, WCP’s founding investor, and investment funds managed by Corrum Capital Management, a new investor for Wings Capital Partners.

Debt financing is provided by a $275 million secured loan facility arranged by Crédit Agricole Corporate and Investment Bank for eight aircraft and a secured term loan provided by DVB Bank for one aircraft.

“We at Wings Capital Partners are very pleased to welcome Corrum Capital Management as investors in Wings Capital Partners and to bring these aircraft into our portfolio which now stands at approximately $500 million in assets,” says R. Stephen Hannahs, Managing Director and CEO. “Expanding our investor base, renewing our long-standing personal relationships with leading aviation banks Crédit Agricole and DVB Bank, and executing on these aircraft acquisitions, demonstrates the access, experience and capabilities our team brings to our business and the execution of our strategy.”

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By TESTCustomwebLP TESTCustomwebLP August 3, 2016 20:08