DECEMBER 6TH, 2016
Entities Led By Perilune Group And Ziki Slav Sell Nine A319s On Lease To American Airlines
Greenwich, CT, December 6, 2016 – Special Purpose Companies led and managed by New York-based Perilune Group and Ziki Slav of SHZ Aviation (www.shzaviation.com) have this week sold nine 2013-14 vintage A319s (s/n’s 5327, 6085, 6154, 6263, 6277, 6310, 6349, 6384 and 6393) on lease to American Airlines, Inc. to a Dublin, Ireland-based lessor. In connection with the acquisition, the buyer also assumed the structured financing associated with the aircraft, which is provided by 11 international financial institutions. Vedder Price and Clifford Chance acted as legal counsel to the sellers. The sale of the aircraft and the transfer of the financing were arranged by SkyWorks Leasing, acting on behalf of the sellers.
“It was a significant advantage to work with a single buyer for all nine of the aircraft in this portfolio who also had an in-depth knowledge of the Airbus narrow body family, an existing business relationship with American Airlines and most importantly, the financial sophistication to penetrate our investment structure” said David Izhakoff, one of the Managing Partners of Perilune Group. Izhakoff added that “an important part of Perilune’s investment strategy in the commercial aviation asset class relies on working with ‘best-in-class’ financial and legal advisors that support value creation by enabling the closing of these types of transactions.”
Ziki Slav of SHZ Aviation added: “Our investors took considerable risk investing in an American Airlines related transaction when the airline was still in bankruptcy. By exiting now, they managed to take full advantage of the tremendous improvement in American’s credit profile and realize substantial gains on their positions.”
Perilune Group is a leading independent private investment group which structures and acts as a principal in unique opportunities across multiple asset classes including commercial aircraft, credit, healthcare, financial services, and real estate. As an innovator in the global transportation industry, Perilune Group has formed successful joint ventures with aerospace OEMs, aircraft lessors, and institutional investors.
Founded in 2009, SHZ Aviation specializes in making distressed and special situation
investments, primarily in the aviation and aerospace segments.
SkyWorks Leasing LLC is a leading independent aircraft remarketing firm and provides turn-key third party portfolio asset management, remarketing and technical advisory services for owners and operators of commercial aircraft. SkyWorks professionals manage a diverse portfolio of over 80 aircraft, including ERJ’s, CRJ’s, Airbus A319/320s and A300-600Fs, Boeing 737NG, 757s, B767s and 747-400Fs.
For further information, please visit www.skyworksleasing.com or contact us directly.