GECAS and Oz Management (Oz) have closed STARR 2018-1, which is the first aircraft portfolio purchase vehicle structure to include a dedicated asset manager – Start Ltd – for equity investors. In this transaction, GECAS is selling a portfolio of aircraft to Start Ltd, which is financing its acquisition through issuance of 144A debt and equity. GECAS will continue to service the portfolio and an affiliate of Oz will serve as an asset manager. The diversified portfolio is comprised of 24 in-production Boeing and Airbus aircraft on lease to 16 global airlines in 15 countries, with a total appraised value
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