The new Airborne Capital leasing and management venture has been launched with a plan to bring more than $5bn worth of aviation assets under its management over the next five years.
Ireland-based financial services company FEXCO Group has supported Airborne Capital, which will connect the investors seeking customised investment solutions in the aviation sector.
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The venture also intends to link the issuers requiring aviation financing through differentiated capital solutions.
Airborne Capital CEO Ramki Sundaram said: “The team at Airborne Capital has rich experience in setting up and managing innovative investment and fund platforms for investors globally who are looking to deploy capital in aviation.”
With headquarters in Ireland, Airborne Capital will initially have offices in Dublin, Ireland and London, UK.
FEXCO Group CEO Denis McCarthy said: “We are delighted to be working with the Airborne Capital team on this important initiative and we look forward to broadening our presence in this dynamic sector of the financial services market.
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By GlobalData“With the financial support, we can provide and the industry expertise of the team we believe this business can grow rapidly to play a major role in the market segments it is targeting.”
FEXCO has further noted that it can be benefited by offering long-term financial services for aviation assets.
According to Boeing CMO, the commercial aviation industry is estimated to double the size of its current fleet in the next 20 years amid growing passenger demand.
The growth is predicted to reach 4.7% per annum until 2036 and is prompting a financing need that is not expected to be covered by traditional sources of capital.
