Phoenix Aircraft Capital Engages Magpar LLP for $150mn Placing

Cayman Islands, July 18, 2013: Phoenix Aircraft Capital Corp today announced that it has engaged Magpar LLP on an exclusive basis to assist the company in placing its $150mn aircraft leasing fund offering.

Phoenix Aircraft Capital Corp is raising $150mn from institutional investors to purchase regional turbo prop and jet aircraft for onward lease to its clients in Latin America and Asia.

Phoenix CEO, Antony Griffin, said: “After looking for a company to assist in the placing of our fund we are very pleased to be able to announce that we have selected Magpar LLP as our chosen partner. They have grasped the opportunities available in the Aircraft Leasing sector and we feel very confident working with the company on our project”.

Magpar Managing Partner Phil Millo said: “In this decade of real assets, the aircraft leasing sector can provide excellent risk adjusted returns, and we are very excited to be working with Phoenix on this institutional offering”.