October 22, 2012
Deucalion Fund takes delivery of the first of three A330-300 aircraft
DVB Bank SE, the Frankfurt-based bank which specialises in transport finance, announced the delivery of the first A330-300 aircraft out of three acquired from Penerbangan Malaysian Berhad by Deucalion Capital II Limited / A330 Parts Ltd, which is one of the aviation investment funds advised by DVB. The aircraft (MSN 073, 1995 vintage), equipped with two 100-inch PW4168 engines, has been delivered in Tupelo, Mississippi, with the ferry flight performed by Malaysia Airlines. The aircraft and engines are being consigned by Deucalion Capital II Ltd / A330 Parts to Universal Asset Management (“UAM”) and Total Engine Support (“TES”). This is one of the first PW powered A330-300s to be disassembled for spare parts. Deucalion Capital II Ltd / A330 Parts Ltd has contracted to acquire two more 1995 vintage A330-300 aircraft (MSNs 069 and 100), each also equipped with two 100-inch PW4168 engines from PMB over the next several months. All three A330 aircraft had been on long term lease to Malaysia Airlines.