2023 Operating Highlights
- Completed the acquisition of 49 aircraft adding 9 new airline customers to the portfolio
- Lease placement of (8) B737MAX8 aircraft with four airline customers across Europe and Latin America
- Raised $2 billion of bank debt across warehouse and term loan products increasing our bank group to 14 global aviation banks
- Increased institutional capital under management to $1.3B across all aviation managed funds
San Francisco, CA – January 22, 2024- SKY Leasing (“SKY”) is pleased to announce its’ 2023 operating results highlighted by 57 transactions closed across sale and leasebacks, acquisitions, and lease placements during the period. SKY continues to find attractive investment opportunities increasing the closed and committed fleet to 87 aircraft, which is 77% next generation equipment with a weighted average age of 4.5 years and an average remaining lease term of 8.3 years.
The transactions were originated with nine airlines across all major regions building on the strength of SKY’s global customer network. These acquisitions are in line with SKY’s investment strategy of building a fleet of new and next-generation aircraft on long-term lease with leading global airlines. “2023 was a record year for SKY thanks to the long-term repeat relationships we have built with our airline customer base. Our disciplined investment approach along with our strong and diversified capital structure allowed us to adapt to our customers’ needs and provide tailored fleet solutions” said Austin Wiley Chief Executive Officer, Co-Chief Investment Officer of SKY Leasing.
In 2023, SKY successfully expanded its’ debt facilities and lender base by $2 billion, through the execution of new secured debt facilities and the upsizing of existing facilities. “We are thrilled with the tremendous support from our existing and new banking partners. Our ability to originate and structure high quality portfolios has been critical to our success” said Matthew Crawford, Co-Chief Investment Officer of SKY Leasing.
About SKY Leasing
SKY Leasing, LLC (“SKY Leasing”) is a premier aircraft leasing asset manager with offices in San Francisco, California, Dublin, Ireland, and Singapore. The company’s fund management business was founded in 2019, in partnership with M&G Investments. Since 2016, SKY Leasing has invested over $8 billion to acquire new and young mid-life aircraft. For more information about SKY Leasing, visit www.skyleasing.com.
For more information, please contact info@skyleasing.com
