Sky Leasing has closed its first aircraft leasing fund with a $300 million equity investment from M&G Investments.
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.
The aircraft leasing market is an efficient way for airlines to update their fleets with next-generation aircraft. The fund will provide approximately $1 billion of capital to invest in new and current-generation aircraft.
