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Tuesday, November 27, 2012

Investec launches global aircraft fund

Investec Aviation Finance has launched a new global aircraft fund to enable institutional investors and pension funds to invest in aircraft that are leased to airlines globally.
Investec Aircraft Syndicate Limited (IASL) has raised $500 million to invest in new generation, fuel efficient aircraft on lease to a number of airlines. The company says it can increase the size of the fund and is in discussions with various parties looking to invest in its second raising.
Investec Aircraft Finance’s previous offering, Investec Global Aircraft Fund, manages 20 aircraft with an acquisition cost of approximately $1 billion.
IASL, managed by Ramki Sundaram and David Phillips of Investec’s Aviation Finance division, aims to provide high, single-digit yields.

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