Kennedy Lewis Financial investment Administration and Arena Aviation Cash Launch Aircraft Leasing Partnership, KLA Aviation Finance

NEW YORK, Jan. 14, 2021 /PRNewswire/ — Kennedy Lewis Financial investment Management (“Kennedy Lewis”), a main opportunistic credit history manager, and Arena Aviation Money (“Arena”), a full-service aircraft expenditure administration company, currently announced they have entered into a strategic partnership to launch a $1.5 billion aircraft leasing platform. The platform, named KLA Aviation Finance (“KLA”), will find to acquire present day know-how commercial plane assets leased to airways globally, with a major target initially on younger and new slender-physique aircraft.

Kennedy Lewis has dedicated to provide fairness financing to capitalize KLA. Arena will resource transactions for the platform on an special foundation as properly as give a total suite of lease servicing and asset management providers.

Patrick den Elzen, Co-Founder and CEO of Arena reported: “Since our inception in 2013 we have developed into a leading impartial asset supervisor with substantial scale and an great track document of buying and leasing aviation belongings. We are incredibly very pleased of our latest portfolio of aircraft symbolizing roughly $2 billion of AUM as perfectly as our growing base of lessee counterparties. Our partnership with Kennedy Lewis, a globe-course trader who shares our eyesight and expenditure approach in aviation finance, signifies a major milestone in our progress and we believe that KLA is very well positioned to tackle the considerable liquidity issues across the aviation business as a final result of COVID-19.”

Dik Blewitt, Kennedy Lewis’ Husband or wife and Head of Tactical Opportunities, explained: “We are very enthusiastic to spouse with Arena to supply significantly desired capital to the airline and lessor group. COVID-19 has compelled the airline marketplace to grapple with unprecedented illiquidity and fundamentally reshaped the landscape for capital providers. Necessary new and recent engineering plane leased to substantial high quality airlines depict a quite appealing extensive-term investment opportunity. We consider Arena’s technological know-how, asset management and leasing track file, and substantial community will assistance us develop a best-in-course aviation leasing portfolio and deliver desirable possibility-adjusted returns for our traders.”

Milbank LLP served as legal advisor to Kennedy Lewis. Vedder Selling price and Arthur Cox served as authorized advisors and Deutsche Financial institution served as sole fiscal advisor to Arena.

About Kennedy Lewis
Kennedy Lewis ( www.klimllc.com ) is an opportunistic credit score supervisor established in 2017 by David K. Chene and Darren L. Richman. It pursues occasion-pushed scenarios in which a catalyst may unlock price and focuses principally on company and structured credit score options in North The us and Europe.

About Arena Aviation Funds
Arena Aviation Funds ( www.arena-aviationcapital.com ) is a comprehensive-support plane financial commitment administration organization concentrating on the entire lifetime cycle of getting and leasing made use of professional aviation belongings, servicing expense and airline buyers globally and delivering products and services which includes the origination, financing, chance administration, and administration (finance/accounting and authorized) of professional aviation belongings. Arena also provides pre-packaged tailor-built alternatives for airline prospects for their mid and conclude-of-lifetime assets. Arena now manages 52 aircraft leased to 23 airline clients in Europe, North The us, Africa and Asia.

Media Speak to – Kennedy Lewis Financial investment Management
David Magid
+1 212 782 3480
[email protected]

Media Speak to – Arena Aviation Capital
Dirk Jan Smit
+31 207 238 700
[email protected]

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Source Kennedy Lewis