Aircraft investment specialist Stratos has delivered two widebodies in the past week, continuing a deal flow involving over 10 widebodies to different buyers and lessees over the past 12 months.
The aircraft in question were an Airbus A330-300 and a Boeing 777-300ER.
Airbus A330-300 to DHL affiliate
Stratos completed the sale of Airbus A330-300 MSN1338 to an affiliate of DHL. The aircraft had originally been operated by Thai Airways International and was acquired speculatively last year without lease on behalf of one of Stratos’ leading European investors.
The aircraft spent the past number of months in maintenance works and was subsequently flown to Dresden, Germany for conversion to a freighter, commencing in the coming months.
John McHugh, VP Technical Stratos said: “We are delighted to have delivered this aircraft following extensive rework including engine repairs, landing gears as well as airframe clearance in a highly challenging environment from a supply-chain and MRO availability perspective.”
Boeing 777-300ER to undisclosed Middle East carrier
The second aircraft delivered was a Boeing 777-300ER MSN39232 to a major carrier in the Middle East in a transition from Cathay Pacific.
The aircraft had previously been operated since new by the Hong Kong flag carrier and was returned as part of a normal lease expiry before transitioning on lease.
Cian O Shea, Marketing Director Stratos said: “This redelivery and transition of a large widebody aircraft to an existing client of Stratos in a market where airlines are highly sensitive to cabin spec and maintenance condition is a testament to our placement credentials.”
Founded in 2013, Stratos is a top 10 aircraft asset manager and leading independent aircraft investment specialist, providing acquisition, re-marketing, advisory and capital raising services to airlines, lenders and investors in large commercial aircraft.
Stratos provides services to assist airlines and investors to make the best financing choices for their fleet, and work with investors and manufacturers to find the right aircraft procurement or disposal opportunities in accordance with their respective investment strategies.
Stratos is also active in aircraft sourcing and re-leasing and performs strategic fleet analysis for airlines and investors as part of its comprehensive range of services.
Stratos holds senior relationships with over 400 airlines, aircraft lessors and lenders around the world. The team includes several former airline executives, senior bankers and aeronautical engineers.
To date, including Magi-related transactions, the company has placed & sourced $6.5bn of new & used aircraft and raised or traded $4bn of aircraft-backed debt and manages a fleet worth over $3bn.