ORIX Aviation is pleased to confirm the 100% acquisition of an aircraft portfolio, consisting of 14 narrowbody aircraft with 10 lessees across multiple continents, from Merx Aviation. The aircraft were previously held in a joint venture between ORIX Aviation and Merx Aviation, which commenced in 2017 with 35 aircraft valued at $1bn. After trading activity, the portfolio currently consists of 14 narrow body aircraft valued at over $300 million.
Commenting on the transaction, James Meyler, Chief Executive Officer of ORIX Aviation, said:
“We are delighted to have taken this opportunity to acquire the remaining 50% of an attractive aircraft portfolio. Our current business plan outlines that ORIX Aviation has committed to invest up to €2bn in aircraft assets across the next 12 months, of which over $1bn has already been contracted to close during the remainder of 2023. The transaction we announce today further underlines our intention to continue to grow the ORIX Aviation platform.”