AJW Group (AJW) and Arena Investors (Arena) have formed a new joint venture focused on selective acquisitions of commercial aircraft, engines and components.
Through a newly formed entity based in Dublin, AJW and Arena will jointly acquire a targeted portfolio of aircraft and engines to be managed and monetized through AJW’s global network. The joint venture will be funded with committed capital of up to $100 million.
“We are thrilled to be forming a partnership with AJW, one of the most storied and reputable firms in the aviation services industry, with its wide geographical reach and customer base,” says Vivek Nayar, Arena Investors. “AJW’s experience, combined with Arena’s flexible capital solutions, are especially relevant at a time when there are great liquidity needs in the industry. We look forward to helping to solve those needs.”
Ian Malin, Chief Financial Officer of AJW Group, comments: “We are pleased to be working with Arena on this exciting project. Arena brings a vast and diverse experience to the table investing in the aviation sector in complement to AJW’s extensive operational expertise. There are a number of compelling opportunities in the marketplace which we look forward to pursuing together”.