Financing widebody engines for start-up investor

摘要

At the end of 2017, White Oak Global Advisors completed a $550 million transaction with GE Capital Aviation Services (GECAS) to buy and immediately lease back 20 widebody aircraft engines. To facilitate this transaction, and to strengthen and grow White Oak's financing capabilities for aviation companies, it created White Oak Commercial Aviation, an affiliated entity of White Oak which is wholly owned by its institutional investors. "As aviation continues to grow domestically and internationally, we saw a great opportunity to apply White Oak's expertise in lending to businesses that are the bedrock of economic growth by creating a new aviation-focused group," says White Oak Global Advisors' chief executive officer and co-founder Andre Hakkak.