Oaktree Capital Management Invests in Azorra Aviation Holdings
Posted on 03/17/2021
Funds managed by Oaktree Capital Management, L.P. agreed to lead a US$ 350 million investment in Azorra Aviation Holdings LLC, a Ft. Lauderdale, Florida-based commercial aircraft lessor. Azorra intends to use the proceeds from the investment to accelerate its growth. Since its inception, Azorra has completed transactions on 37 aircraft. The company currently owns and manages 11 aircraft and has purchase and lease commitments on an additional 6 aircraft.
Azorra’s CEO, John Evans, is responsible for long-term strategic planning and day-to-day operations of Azorra. Prior to founding Azorra, John Evans was President and CEO of Jetscape Aviation Group (JAG). .
UBS Investment Bank acted as exclusive placement agent for Azorra.
Keywords: UBS Group AG.