Investec Aviation Finance has acquired an aircraft worth over $100m (€92.8m) from Aergo Capital.
Investec said the acquisition of the Boeing 787-10 Dreamliner aircraft was supported by debt and equity co-investment from long-standing institutional partners of the business.
The aircraft is on a long-term lease to Singapore Airlines.
Clayton Woollgar at Investec Aviation Finance, said: “This acquisition is a showcase of our ability to leverage our deep syndication network in order to secure competitive capital.
“The result is that we’ve been able to add a new-tech widebody with one of the world’s leading airlines to our fleet, and also to provide attractive risk-adjusted returns to our investment partners.”
Fred Browne, Aergo Capital’s CEO, said: “We are thrilled to complete the sale of our Boeing 787-10 on lease to Singapore Airlines to our friends at Investec. As always, both Singapore Airlines and Investec were highly professional partners in this transaction, resulting in a smooth closing process.”
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