21 November 2025 – Dublin, Ireland: IAT Leasing (“IAT”) has completed the acquisition of two 2012 vintage Boeing B737-800 aircraft bearing manufacturers serial numbers 38069 and 38070, owned and managed by ITOCHU Corporation, on behalf of funds managed by Taconic Capital Advisors. The aircraft were sold with operating leases to Garuda Indonesia. The transaction marks a repeat deal between IAT and Itochu and reflects the strengthening commercial relationship between the two companies. Investec provided financing for the transaction.

Martin Browne, Chief Executive Officer of IAT, commented: “This transaction continues the disciplined expansion of our managed aircraft fleet and reinforces the strong partnerships we are building with global trading houses and leading airlines. We are pleased to complete another successful deal with Itochu and to support Garuda Indonesia with high-quality, in-demand 737-800 aircraft.”

Magnus Stephensen, Chairman of IAT, commented: “IAT’s strategy focuses on acquiring durable, liquid assets backed by global airline credits. Executing a repeat transaction with Itochu highlights the strength of our trading relationships and the reliability of our platform. We are grateful to Investec for our long term partnership, who have once again supported us on an acquisition.”

Gibson Dunn acted as acquisition lead counsel to IAT and Taconic. Clifford Chance acted as lenders counsel to Investec. KPMG Ireland advised IAT on tax matters. Mason Hayes & Curran LLP acted as Irish counsel for IAT.