Kennedy Lewis Expense Management and Arena Aviation Money Start Aircraft Leasing Partnership, KLA Aviation Finance

NEW YORK, Jan. 14, 2021 /PRNewswire/ — Kennedy Lewis Expenditure Administration (“Kennedy Lewis”), a foremost opportunistic credit score manager, and Arena Aviation Capital (“Arena”), a complete-assistance plane investment decision administration organization, today announced they have entered into a strategic partnership to launch a $1.5 billion plane leasing platform. The platform, named KLA Aviation Finance (“KLA”), will request to receive contemporary know-how industrial plane belongings leased to airlines globally, with a most important aim initially on youthful and new slim-body aircraft.

Kennedy Lewis has fully commited to offer equity financing to capitalize KLA. Arena will source transactions for the platform on an special basis as perfectly as provide a total suite of lease servicing and asset management solutions.

Patrick den Elzen, Co-Founder and CEO of Arena reported: “Since our inception in 2013 we have grown into a primary impartial asset manager with major scale and an great observe document of acquiring and leasing aviation belongings. We are exceptionally proud of our recent portfolio of aircraft representing somewhere around $2 billion of AUM as very well as our escalating foundation of lessee counterparties. Our partnership with Kennedy Lewis, a earth-class investor who shares our eyesight and expense tactic in aviation finance, represents a major milestone in our progress and we believe that KLA is properly positioned to address the sizeable liquidity issues across the aviation business as a end result of COVID-19.”

Dik Blewitt, Kennedy Lewis’ Partner and Head of Tactical Alternatives, stated: “We are really fired up to associate with Arena to give substantially needed capital to the airline and lessor group. COVID-19 has compelled the airline industry to grapple with unprecedented illiquidity and basically reshaped the landscape for capital providers. Critical new and present engineering aircraft leased to superior high quality airlines characterize a extremely eye-catching prolonged-time period investment option. We imagine Arena’s technological experience, asset management and leasing track file, and considerable community will assistance us create a ideal-in-course aviation leasing portfolio and make interesting risk-altered returns for our investors.”

Milbank LLP served as lawful advisor to Kennedy Lewis. Vedder Cost and Arthur Cox served as lawful advisors and Deutsche Lender served as sole fiscal advisor to Arena.

About Kennedy Lewis
Kennedy Lewis ( www.klimllc.com ) is an opportunistic credit rating supervisor started in 2017 by David K. Chene and Darren L. Richman. It pursues celebration-pushed predicaments in which a catalyst may well unlock value and focuses principally on corporate and structured credit history possibilities in North The us and Europe.

About Arena Aviation Capital
Arena Aviation Money ( www.arena-aviationcapital.com ) is a whole-support aircraft expense management business focusing on the full everyday living cycle of buying and leasing applied business aviation assets, servicing financial investment and airline prospects all over the world and providing solutions which include the origination, financing, risk administration, and administration (finance/accounting and authorized) of business aviation assets. Arena also supplies pre-packaged tailor-created methods for airline prospects for their mid and conclude-of-everyday living assets. Arena right now manages 52 aircraft leased to 23 airline customers in Europe, North The usa, Africa and Asia.

Media Speak to – Kennedy Lewis Expense 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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