Castlelake, L.P. (“Castlelake”), a global alternative investment firm with 17 years of experience investing in, financing, and managing aviation assets, today announced the completion of the sale and leaseback of three new Airbus A330neo from Condor Flugdienst GmbH (“Condor”) with a 15-year lease term. These aircraft have been acquired by a subsidiary of Castlelake Aviation Limited.
The first aircraft was delivered on December 19, representing Condor’s first new long-haul aircraft under their current fleet renewal program. Condor is a leisure carrier based in Frankfurt, Germany, with a fleet of over 50 aircraft serving over 90 short- and long-haul destinations across Europe, Africa and the U.S.
Castlelake has been an active participant in the aviation sector since the firm’s inception in 2005 and has invested over $17 billion in aviation opportunities. Recent activity includes the close of the firm’s fourth aviation fund, Castlelake Aviation IV Stable Yield L.P., at $1.5 billion; and the formation of Castlelake Aviation Limited, a corporate lessor of commercial aircraft that will focus on financing a portfolio of modern, young, fuel-efficient aircraft.