Arcano Partners has closed its second aviation transaction with the acquisition of two Airbus narrowbody aircraft with an existing lease attached, on lease to Wizz Air.
“This specific [aircraft] type has traditionally been one of the most demanded and sold aircraft since the delivery of the first unit in 1993,” the company read in a statement.
The European airline operates a fleet of all A320 family aircraft.
The transaction was closed through its Arcano Aviation Fund, FCR, and Arcano Capital Aviation SCR vehicles.
“These assets have enormous reliability and are a perfect complement to our first transaction of one 777-300ER with Air Canada,” said Arcano Asset & Capital Finance managing partner Jon Garaiyurrebaso.
Arcano Partners director Javier Hidalgo commented: “We will continue investing in assets in the coming months with the aim of building a diversified portfolio for our investors that generates stable and predictable cash flows in the coming years.”
Arena Aviation Capital (Ireland) will act as lease servicer and the financing has been provided by Airbus Bank. KPMG acted as legal and tax advisor and Walkers as Irish legal advisor.
Arcano Partners first aviation transaction was completed in October this year.