Sky Leasing, the alternative asset manager in aviation, has made the final close of Sky Fund V. The fund closed oversubscribed with approximately $770 million in capital commitments. The company noted that the fund had strong support from existing and new investors that include global insurance companies, sovereigns, pension funds, endowments, foundations, and family offices.
SKY Fund V is a continuation of the investment program of SKY Leasing focused on providing capital solutions to airlines seeking fleet modernisation primarily through the sale-leaseback of new aircraft deliveries. To date, SKY Fund V has committed over half of the capital raised to acquire a fleet of 48 aircraft with an average age under three years.
“The capital raised for SFV is well positioned for the post-covid recovery period, which continues to present attractive investment opportunities for new and young mid-life aircraft,” said Austin Wiley, Chief Executive Officer of SKY Leasing.
Eaton Partners acted as the exclusive global placement agent for the fund.
Austin Wiley set out his thoughts on the broader aviation industry during an interview with KPMG’s Joe O’Mara as part of the annual Airline Economics Aviation Leaders Report 2023: New Horizons. Click here for the video and here for the report.