GraySky Aviation closes SLB deal with Corendon Airlines covering one CFM56-7B engine

GraySky Aviation announces the closing of a sale and leaseback of one CFM56-7B engine with Corendon Airlines, one of Turkey’s leading carriers.

GraySky is proud that Corendon placed its trust in the company to finance an engine critical to its operations. Spare engines rarely make the headlines, but they’re exactly the kind of asset its strategy is built around: popular, resilient, current-generation equipment with deep and durable operator demand.

GraySky arranged the deal and will manage the asset on behalf of a pool of investors, and volofin Capital Management came in with the debt.