Vmo Aircraft Leasing increases capital to $1.1bn

Vmo Aircraft Leasing (Vmo), a San Francisco-based aircraft leasing company, has increased its capital base from $500 million to $1.1 billion through its latest round of fundraising. Robert Brown, Executive Chairman of Vmo Aircraft Leasing’s Board of Directors, commented that “this capital increase allows us to accelerate our growth and selectively pursue opportunities to diversify our portfolio, while progressing a complementary debt financing program in the capital markets. It is also evidence of the strong support from our shareholders.” The fresh capital injection comes from the Ares Alternative Credit Group, funds managed by Oaktree Capital Management and Diameter Capital Partners,