WNG Capital raises $438 million to invest in mid-life and older commercial aircraft

WNG Capital LLC, the global aviation investment manager and lessor of narrow body commercial aircraft has announced the closing of WNG Aircraft Opportunities Fund II, L.P. with US$438 million of capital commitments. WNG II is expected to acquire approximately 40 to 60 Boeing and Airbus narrow body aircraft on lease terms from 12 to 48 months. As a result of WNGs strong pipeline, the Fund has already closed on its first investment, signed a letter of intent for a second deal, and has several proposals outstanding for additional aircraft.

“WING II was oversubscribed with demand exceeding the fundraising target of $300 million. We secured commitments from a sophisticated group of US institutional investors, including public and corporate pension plans, endowments, foundations and family offices” said Michael Gagemi, co-managing partner of WNG Capital.

Since the Firm’s inception in 2009, WNG has managed 60 aviation assets valued in excess of $800 million. Continuing the value-creation strategy utilised in the management of these prior investments, WNG II is expected to primarily invest in mid-life and older narrow body commercial aircraft and aircraft-related assets manufactured by Boeing and Airbus. The company is one of the most experienced lessors of older, narrow body aircraft, and its model for value creations is based upon extensive technical expertise and deep industry knowledge.

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