UK-based investment company Floreat plans to acquire a $500 million portfolio of Boeing and Airbus aircrafts as it continues to secure opportunities in the aviation finance sector.
The group has appointed Japanese financial services company Mitsubishi UFJ Financial Group (MUFG) to source a portfolio of aircrafts, which are on lease to airlines around the globe.
Under the terms of the agreement, MUFG will arrange the debt financing of the portfolio with Floreat and its clients providing the equity.
Floreat said it has previously acquired aircraft on behalf of its clients, and this next transaction is further evidence of its belief in aviation leasing as an income-producing investment.