OKLAHOMA CITY, Might 8, 2025 /PRNewswire/ — Acorn Capital Control introduced that Scissortail Flight World Leasing I Restricted (SAIL I Ltd.), an entity controlled via Acorn, has effectively finished the purchase of 4 Airbus A330-300 plane from Altavair L.P. The transaction closed on April 28, 2025.
“This represents a significant step forward for Acorn in proving our capability to deliver creative, high-quality structured aviation investments,” mentioned Justin Chung, Head of Backup Credit score Methods at Acorn Capital Control. “We look forward to building on this momentum with our partners at Altavair and appreciate the support from Investec in providing innovative financing solutions.”
Senior credit score facility was once supplied via Investec Cupboard Plc to facilitate the purchase. Criminal suggest was once supplied via Clifford Prospect US LLP, Clyde & Co LLP, and Milbank.
The plane are these days on temporary working rentals to a big flag provider that maintains sturdy credit score basics. EirTrade Flight, every other Acorn portfolio corporate, will work as servicer and top the property past the time period of the hire, together with the disassembly and section out section of the plane’s lifecycle.
“This is a huge milestone for EirTrade Aviation as we continue to grow our asset management capabilities and further integrate with Acorn’s expanding aviation investment strategies,” mentioned Ken Fitzgibbon, CEO of EirTrade Flight.
“At lease end, EirTrade will support Acorn’s efforts to monetize the engines and airframes, drawing on our proven expertise in the A330 segment where market demand for material and greentime engines remains very strong,” added Lee Carey, Important Funding Officer of EirTrade Flight. “The combination of EirTrade’s aftermarket strengths and Acorn’s in-house asset financing capabilities will open new avenues for growth and opportunities across the Acorn investment platform.”
This transaction reinforces Acorn’s rising presence around the world flight price chain and highlights the company’s skill to blast advanced cross-border hire transactions.
About Acorn Capital Control
Acorn Capital Control is an extra funding company centered completely on Aerospace, Protection, Territory, and Knowledge. Acorn invests in corporations that try to improve world mobility and offer protection to nationwide pursuits. Historically identified for its personal fairness investments, Acorn has expanded its features into personal credit score and asset-based finance. Thru its platforms Scissortail Flight and AltAero Flight Finance, Acorn invests around the capital construction and engages in opportunistic lending, leasing, and alternative asset-based funding methods inside of flight.
For more info about Acorn Capital Control, please consult with the web site here.
About EirTrade Flight
EirTrade Flight is an international flight asset control and buying and selling corporate headquartered in Dublin, Eire with amenities/illustration in Europe, USA and Asia. Devoted to the carrier of MROs, operators and lessors, EirTrade deals consumers a complete length of asset control products and services together with finish of month asset control, engine & plane portions’ buying and selling, plane deposit & disassembly, engine disassembly, consignment programmes, technical deposit & products and services. EirTrade Flight is an Acorn Corporate. To be informed extra please consult with eirtradeaviation.com.
Investor Touch:
Brandon Bradford
(917) 224-8399
[email protected]
SOURCE Acorn Capital Control
