San Francisco, CA –July 14, 2022- SKY Leasing (“SKY”) is pleased to announce its’ first half 2022 results highlighted by originating and closing $1.4 billion of next generation aircraft. This results in a total aircraft portfolio valued in excess of $3.5 billion comprised of 72 aircraft across 17 airline customers.
The transactions were originated with airlines across Europe, Latin America, and Asia, 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. The portfolio is comprised of 85% next generation Airbus A320NEO family and Boeing 737MAX family aircraft with a weighted average age of 2.3 years and an average remaining lease term 10.1 years. “Through our differentiated origination approach, SKY continues to find attractive next generation technology investment opportunities. This was highlighted by our agreement in the 1st half of 2022 to acquire (12) B737MAX8 aircraft and remarket them to our global customer base” said Austin Wiley, Chief Executive Officer of SKY Leasing.
SKY completed a second fundraising closing for SKY Fund V, LP increasing the total equity under management to over $750M from a global institutional investor base. In addition to increasing our equity commitments, SKY completed over $700M of debt financings to fund the company’s pipeline. “SKY is pleased to have this tremendous support from our capital partners, which is a validation of the trust in our platform and our ability to originate attractive risk-adjusted returns” said Matthew Crawford, Executive Vice-President Capital Markets of SKY Leasing.
1H-2022 Operating Highlights
- Closed 10 aircraft transactions including: (1) A321NEO aircraft, (1) A320NEO aircraft, (2) A320-200 aircraft, (3) B737MAX8, and (3) B737MAX9 subject to long term leases
- Originated 21 aircraft including: (12) B737MAX8s, (4) A320NEO aircraft & (1) A321NEO aircraft, and (4) A320-200 aircraft
- Raised over $700 million of term financing with a group of eight leading transportation banks
About SKY Leasing
SKY Leasing (“SKY”) 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 which acquired a stake in the business and invested $300 million of equity in its 2019 vintage fund. As of June 30, 2022, SKY Leasing manages a portfolio valued in excess of $3.5B and has over $750M of equity under management. For more information about SKY Leasing, visit www.skyleasing.com.