U.S. aircraft operating lessor WNG Capital LLC has completed WNG Aircraft Opportunities Fund II with $345 million in commitments, exceeding its targeted $300 million.

WNG Aircraft Opportunities Fund II, which was oversubscribed, will primarily commit in mid-life to older narrow-body aircraft.

The vehicle is expected to buy about 40 to 60 Boeing and Airbus narrow-body aircraft with ages between 15 to 20 plus years and remaining lease terms of 12 to 48 months.

WNG Aircraft Opportunities Fund II is finalizing its first commitment and has proposals outstanding for a number of suitable aircraft.