Aircraft asset manager Sky Leasing LLC has announced it has closed its first aircraft leasing fund with a USD 300 million equity investment from M&G Investments, the company said.
As servicer to the fund, SKY Leasing will focus on providing fleet solutions for its longstanding airline customers through the acquisition of current-generation and next-generation Boeing and Airbus aircraft.
M&G will also acquire a stake in SKY Leasing to support the growth of its asset management platform, including the launch of its Irish servicing operation and continued operations in San Francisco, California.
Sky Leasing LLC is a premier aircraft leasing asset manager with offices in Dublin, Ireland and San Francisco, California. As a full-service leasing platform, SKY leverages its experience, global network, industry insights and managerial talent to acquire and lease new and young mid-life aircraft.
M&G Investments is part of M&G Plc, a savings and investment business which was formed in 2017 through the merger of Prudential plc´s UK and Europe savings and insurance operation and M&G, its wholly owned international investment manager.