Guggenheim Aviation Partners Leases Two Aircrafts to Monarch Airlines
LONDON, July 12, 2012 /PRNewswire/ — Guggenheim Aviation Partners Limited (GAP), an affiliate of Guggenheim Partners, LLC, today announced the lease of two Airbus A330-200 aircrafts to Monarch Airlines, one of the United Kingdom’s largest privately-owned airlines. The leases were concluded last quarter.
“We are extremely delighted to continue our longstanding relationship with Monarch Airlines,” said Paul Newrick, GAP’s President and Managing Director. “These two Rolls Royce-powered Airbus A330-200 planes are valuable additions to our growing portfolio due to their proven reliability and ever increasing customer base.”
Monarch Chairman Iain Rawlinson commented: “The Airbus A330-200 is at the heart of Monarch’s long-haul fleet and we are pleased to enter into these long-term leases with Guggenheim Aviation evidencing its confidence in and future commitment to Monarch Airlines.”
Monarch Airlines operates a fleet of 32 aircrafts from bases in the UK throughout Europe, North America, Asia and Africa.
About Guggenheim Aviation Partners, Ltd.
Guggenheim Aviation Partners, Ltd. supports its US affiliate, Guggenheim Aviation Partners, LLC, an asset manager, in the acquisition of new and used commercial aircrafts for leasing to domestic and international passenger airlines and cargo operators. Guggenheim Aviation Partners, LLC launched its first commercial aviation fund in 2005 and shortly thereafter closed its second fund in 2007 with total capital commitments of $737 million. Guggenheim Aviation Partners, LLC now has in excess of $2.7 billion of commercial aviation assets under management, representing a broad range of Boeing and Airbus aircrafts on lease to airlines and cargo operators around the world. Guggenheim Aviation Partners, LLC is an affiliate of Guggenheim Partners, LLC.
About Guggenheim Partners
Guggenheim Partners, LLC is a privately held global financial services firm with more than $160 billion in assets under management. The firm provides asset management, investment banking and capital markets services, insurance, institutional finance and investment advisory solutions to institutions, governments and agencies, corporations, investment advisors, family offices and individuals. Guggenheim Partners is headquartered in New York and Chicago and serves clients around the world from more than 25 offices in nine countries. For more information about Guggenheim Partners, visit www.guggenheimpartners.com.
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Tripp Kyle/ April Kabahar-Emspak
SOURCE Guggenheim Partners, LLC