Castlelake L.P. (“Castlelake”), a global alternative investment manager specializing in asset-based investing with over 20 years of experience in aircraft investing, leasing and servicing, today announced it has completed the financing of a loan to Virgin Atlantic Airways (“Virgin Atlantic”). The loan is secured by approximately $400 million in assets, including one Airbus A350-1000 aircraft and nine Rolls Royce Trent engines.
“We are pleased to grow our partnership with Virgin Atlantic and provide financing options to support their continued momentum,” said Chris Buckley, Partner and Aviation Chief Commercial Officer at Castlelake. “As the airline industry continues to see increased demand, Castlelake looks forward to remaining an active investor and providing attractive capital solutions to businesses across the sector.”
Since its inception in 2005, Castlelake has invested over $21 billion in aviation opportunities, acquired more than 650 aircraft and developed relationships with approximately 200 airlines. Recently, Castlelake announced that it secured commitments for over $1 billion of aviation financing in a term loan facility to support its continued investment in and acquisition of in-demand aviation assets.
About Castlelake
Castlelake, L.P. is a global alternative investment manager focused on asset-based investments. Founded in 2005, Castlelake manages approximately $25 billion of assets on behalf of a diversified global investor base. The Castlelake team comprises more than 220 experienced professionals, including 80 investment professionals, across seven offices in North America, Europe and Asia. For more information, please visit www.castlelake.com.