Sunday 19 August 2018

Fexco to back aircraft lease and asset manager Airborne Capital

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Ellie Donnelly

Ellie Donnelly

Fexco Group, Ireland’s largest privately owned financial services company, is set to back aircraft lease and asset manager Airborne Capital.

Airborne Capital has plans to grow the business to have aircraft asset under management of over US$5bn within the next five years.

Headquartered in Ireland, Airborne Capital will act as a bridge between investors seeking bespoke investment solutions in the aviation space, and issuers requiring aviation financing via differentiated capital solutions.

"We are very excited to launch this venture with the strong support of Fexco.

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," Ramki Sundaram, CEO of Airborne Capital, said.

Previously Mr Sundaram, who has over 20 years’ experience working in aviation finance, was previously Head of Aviation at Natixis, one of the leading banks in aviation financing.

Fexco has identified financial services for aviation assets as an attractive long-term investment opportunity for the group and this has underpinned its decision to invest in Airborne Capital.

"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," Denis McCarthy, CEO of Fexco said.

Airborne Capital’s experienced team also includes as founding partners Cian Dooley, who has over 25 years of diverse aviation experience ranging from aircraft manufacturers, aircraft lessors right from initiation, aviation financing banks and specialist aviation funds, Anand Ramachandran who joins from the aircraft leasing firm Goshawk where he held the role of CFO.

While Jocelyn Noel joins from Natixis where he led the aviation syndication to banks and institutions.

John O’Flynn and Eugene Lui are also joining the company.

Mr O’Flynn will join in January from Goshawk where he held a position in the corporate finance function, prior to which he held various senior roles within Ryanair.

Meanwhile Mr Lui also joins from Goshawk where he held positions across both the corporate finance and commercial functions since joining the company as a founding member.

Goshawk is an aircraft lessor that has offices in Dublin, Hong Kong, and London. In November this year it was announced that Goshawk will lease 12,800 sq ft at Green REIT's flagship office development at One Molesworth Street in Dublin 2.

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