Castlelake, a global alternative investment firm
with 17 years of experience investing in, financing and managing
aviation assets, has completed the sale and leaseback of four
Boeing 787 aircraft from Scoot with a 12-year lease term.
The aircraft have been acquired by a subsidiary of
Castlelake Aviation.
BNP Paribas and Australia and New Zealand Banking
Group Limited (ANZ) separately provided debt financing for two
aircraft each.
Scoot, the wholly-owned low-cost subsidiary of
Singapore Airlines, services
routes across Asia, Australia, the Middle East and Europe.
To
date, Scoot has carried over 67 million passengers, and owns a
fleet of 60 aircraft, comprising widebody Boeing 787 Dreamliners
and single-aisle Airbus A320 family aircraft.
Castlelake has been an active participant in the
aviation sector since the firm’s inception in 2005 and has
invested over $17 billion in aviation opportunities.
Recent
activity includes the close of the firm’s fourth aviation fund, Castlelake Aviation IV Stable Yield L.P., at $1.5 billion; and the
formation of Castlelake Aviation Limited, a corporate lessor of
commercial aircraft that will finance a portfolio of
young, fuel-efficient aircraft.
