BUSINESS AVIATION

Castlelake Establishes Castlelake Aviation Limited

Castlelake | September 30, 2021

Castlelake Establishes Castlelake Aviation Limited
Castlelake, L.P., a global alternative investment firm and experienced leader in aircraft investing, leasing and servicing, today announced the creation of Castlelake Aviation Limited ("CA"), a corporate lessor of commercial aircraft that will finance a portfolio of modern, young, fuel-efficient aircraft.

We are thrilled to create Castlelake Aviation Limited, which is an exciting and natural next step in the evolution of our industry leading aviation finance business. This is a powerful demonstration of our commitment to staying at the forefront of the aviation financing industry and ensuring we are well positioned to nimbly provide bespoke financing solutions to our partners.

- Evan Carruthers, Managing Partner and Co-Founder of Castlelake.

The formation of Castlelake Aviation Limited builds on Castlelake's history of innovation in aviation finance and follows its establishment of an aviation lending business in late 2020 and its reopening of the aircraft ABS market with Castlelake Aircraft Structured Trust 2021-1 in January 2021, the first such transaction to be completed since the beginning of the global COVID-19 pandemic.

Since its inception, Castlelake has invested more than $14 billion in aviation related opportunities. With a team of over 60 aviation professionals who have experience with nearly all commercial aircraft types, the firm currently directly manages and services a global fleet of more than 350 aircraft operated by a diverse range of customers, including the world's leading airlines across more than 50 countries around the globe.

CA will directly benefit from this differentiated expertise and senior Castlelake aviation leaders, including Joe McConnell and Otto Verhoeff, who will serve on CA's Board and be directly involved in the development, execution and oversight of its growth strategy.

Upon its formation, CA's initial portfolio will be composed primarily of next generation, narrowbody aircraft on long-term leases to leading international airlines and CA will maintain a similarly high-quality, fuel-efficient fleet by utilizing Castlelake's robust trading and re-marketing capabilities. Additionally, CA's growth trajectory will be supported by Castlelake's extensive near-term pipeline of investing opportunities, including active negotiations for over 40 aircraft representing over $2 billion in potential investments, primarily in newer technology assets.

CA's portfolio will be financed by a mix of secured and unsecured debt instruments in addition to equity capital provided by funds managed by Castlelake.

About Castlelake
Castlelake, L.P. is a global alternative investment manager focused on opportunistic investments in real assets, specialty finance and aviation. Founded in 2005, Castlelake manages approximately $20 billion of assets on behalf of its investors. The Castlelake team comprises more than 200 experienced professionals, including 89 investment professionals, across six offices in North America, Europe and Asia.

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AIR TRANSPORT

Bristow and Overair Form Strategic Partnership to Introduce Butterfly; a Zero Emission, Low-Noise Vertical Transport Vehicle

Global Market Insights Inc. | December 17, 2021

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BUSINESS AVIATION

Southern California's Ontario International Airport Authority authorizes major ground lease and development agreement for surplus property

McDonald Property Group | December 24, 2021

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AIRPORT MANAGEMENT

Avelo Airlines Starts Nonstop Service Between the Palm Beaches and Southern Connecticut

Avelo Airlines | January 03, 2022

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COMMERCIAL AVIATION

NEW YEAR, NEW SALE: SOUTHWEST AIRLINES ANNOUNCES $39 SALE FOR SPRING TRAVEL

SOUTHWEST AIRLINES CO. | January 05, 2022

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We've launched our Airbus A380 featuring new cabin products on the Singapore-Sydney route on 18 December. Our passengers experienced the difference and were greeted with champagne, a sumptuous buffet spread and extraordinary performances by our talented cabin crew at the boarding gate prior to the flight.

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