Guggenheim Aviation Partners Leases Two Aircrafts to Monarch Airlines

LONDON, July 12, 2012 /PRNewswire/ — Guggenheim Aviation Partners Limited (GAP), an affiliate of Guggenheim Partners, LLC, today announced the lease of two Airbus A330-200 aircrafts to Monarch Airlines, one of the United Kingdom’s largest privately-owned airlines. The leases were concluded last quarter.

“We are extremely delighted to continue our longstanding relationship with Monarch Airlines,” said Paul Newrick, GAP’s President and Managing Director. “These two Rolls Royce-powered Airbus A330-200 planes are valuable additions to our growing portfolio due to their proven reliability and ever increasing customer base.”

Monarch Chairman Iain Rawlinson commented: “The Airbus A330-200 is at the heart of Monarch’s long-haul fleet and we are pleased to enter into these long-term leases with Guggenheim Aviation evidencing its confidence in and future commitment to Monarch Airlines.”

Monarch Airlines operates a fleet of 32 aircrafts from bases in the UK throughout Europe, North America, Asia and Africa.