Air Lease Corporation (ALC) has entered into a second joint venture with Napier Park Global Capital (Napier Park) to invest in commercial aircraft and leasing them to airlines worldwide. Blackbird Capital II is 90.5% of the equity is owned, through the JV partner, by a pooled investment vehicle of long-term institutional investors managed by Napier Park. ALC owns 9.5% of the joint venture and will not consolidate the entity. Blackbird Capital II has closed its first round of equity commitments, aggregating $231 million. The fund has the ability to add additional commitments over the next 18 months based on investment

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