Arena Aviation Capital has successfully arranged and closed on a sale-leaseback of four B737-800 aircraft with Royal Air Maroc and one new B777-300ER aircraft with All Nippon Airways for its investor client.
"We are pleased that we have been able to increase our direct airline sale-leaseback activities. It is a sign that our platform in maturing and that our airline marketing activities are paying off. We definitely intend to keep growing our presence in the sale-leaseback market," said Eric Dahmen, chief commercial officer and founding partner.
Earlier this year, Arena signed Memorandum of Understanding with KEB Hana Bank of Korea. Under this strategic partnership, KEB Hana Bank will take a minority stake in Arena who will support increasing KEB Hana Bank's footprint in the aircraft financing markets.
More recently, Arena closed on the acquisition of a B777-300ER aircraft on lease to Air Canada for the Japanese Operating Lease market where the funding is provided by KEB Hana Bank.