Seabury Capital Group announced its role as sole investment banking advisor on the successful acquisition of a leased portfolio of 21 aircraft by Zephyrus Aviation Capital (Zephyrus).
Zephyrus is a fleet management solutions provider to lessors and commercial airlines focused on mid- to end-of-life aircraft and related engine leasing and trading. Seabury Capital leveraged its extensive industry relationships to identify the opportunity and then arranged for Zephyrus’ best-in-class management team and equity sponsor to acquire the inaugural aircraft portfolio from Dublin-based Avolon. Zephyrus is capitalized by Virgo Investment Group (Virgo) as majority equity sponsor, with Seabury Capital retaining a minority stake.
Zephyrus is led by a highly-experienced team of former CIT Aerospace executives. Tony Diaz, former President of CIT Aerospace, and Damon D’Agostino, former Chief Commercial Officer of CIT Aerospace, are the company’s non-executive Chairman and President & CEO, respectively. In addition, Robert Meade, CIT’s former Head of Marketing, is Chief Commercial Officer, and Richard Genge, CIT’s former Assistant Vice President – Marketing & Asset Sales, is Vice President.
