Deucalion Aviation officially launched today, establishing a next-generation company in aircraft leasing and financing.
Deucalion is owned by a joint venture formed by investment funds that are managed by EnTrust Global and SVPGlobal, creating a platform that combines aviation track record and deep technical expertise with an innovative range of structured debt and equity solutions.
EnTrust and SVPGlobal’s investment will also support the existing management team to build on its international growth strategy and explore complementary opportunities arising from the current aviation industry dislocation.
This new investment creates a platform with collaboration at its heart to enable us to continue and expand our world-leading services to airlines and investors
said Jon Skirrow, Co-Chief Executive Officer & Chief Operating Officer of Deucalion. Stephan Sayre, Co-Chief Executive Officer & Chief Investment Officer, added:
EnTrust and SVPGlobal share our vision to provide transformational financing and investment solutions. Together, we will be able to significantly strengthen our offering of innovative financing solutions to airline and leasing clients globally in the current environment.
The 46-strong team manages approximately 170 aircraft on lease to more than 86 airlines globally, representing approximately $5 billion in total asset value. Deucalion will provide comprehensive turnkey solutions for financial investors looking to deploy capital in aircraft assets, through origination, structuring, execution, fund management and a full-fledged range of servicing activities, including aircraft remarketing, technical management, lease management and consultancy.
Victor Khosla, Founder & CIO of SVPGlobal, said:
This is an innovative platform with world class aviation expertise and an excellent track record in managing complex, large and unique projects across diversified asset types and structures over the last 17 years. Our investment as part of this joint venture with EnTrust is a testament to the sizeable market opportunity set we see ahead for the business.
John Morabito, Senior Managing Director and Portfolio Manager of EnTrust Global’s Blue Sky Aviation strategy, said:
As we continue to build a multi-faceted, relative value investment platform in the aviation industry, this acquisition enhances EnTrust’s Blue Sky Aviation strategy with the full-service capabilities critical to providing a wide offering of solutions to constituents within the market. We look forward to the opportunity to partner with SVPGlobal and the talented Deucalion management team, with whom our team has a long-standing relationship.
