L1 Treasury and Airborne Capital have announced they have partnered to launch of AltitudeOne Aviation with plans to acquire a portfolio of leased in-production narrow body and wide body commercial aircraft, the company said.
L1 Treasury and Airborne Capital have committed equity capital of approximately USD 250m to AltitudeOne Aviation, which will be supplemented with bank financing. Airborne Capital will be the asset manager and lease servicer for AltitudeOne Aviation.
L1 Treasury manages the liquidity and financial investments of LetterOne an international investment business with net assets in excess of USD 25bn. L1 Treasury combines a portfolio of liquid fixed income securities with investments in the financial markets, both direct and via hedge funds, along with long term higher yielding investments in real estate and other real and financial assets and direct loans.
Airborne Capital was launched in November 2017 with a strong industry experienced management team, and with substantial backing from FEXCO Group, Ireland´s largest privately owned financial services company and Natixis Investment Managers.