Macquarie Group has announced on Friday May 3, 2019, that PGGM Infrastructure Fund (PGGM), a leading Dutch pension investor, will take a 25% interest in Macquarie AirFinance.
Macquarie AirFinance was established in 2006 and has evolved to become a leading and successful player in the aircraft operating lease industry, with a portfolio at March 2019 of 196 aircraft and 60 aircraft orders.
The investment is PGGM’s first in the aircraft leasing sector. PGGM has capacity to deploy additional capital to support the growth of Macquarie AirFinance.
Macquarie’s Head of Transportation Finance, Stephen Cook said: “We are delighted to have PGGM as a shareholder in Macquarie AirFinance. PGGM is a strong, long-term institutional investor and is an ideal partner for Macquarie to support our strategy for continued investment and growth in the aircraft operating lease sector. John Willingham will continue as Chief Executive Officer of the world-class Macquarie AirFinance team.”Email Post to a Friend