On the tenth anniversary of its founding, WNG Capital, an independently owned, specialist operating lessor dedicated to investing in used commercial aircraft manufactured by Airbus and Boeing, has announced the closing of WNG Aircraft Opportunities Fund II. WNG targeted a US$300 million fund raise to invest in late life narrow body aircraft and is oversubscribed with US$345 committed to-date and a final closing for two additional investors expected in February 2019. Fund II will primarily invest in mid-life to older narrow body aircraft. The new fund will build on WNG Capital’s successful track record, generated since its 2009 inception and realized while building a portfolio of 59 mid-to-end of life aircraft valued in excess of US$850 million.
Fund II is expected to acquire approximately 40 to 60 Boeing and Airbus narrow body aircraft with ages ranging from 15 to 20+ years and remaining lease terms of 12 to 48 months. Fund II is closing its first investment and has proposals outstanding for a number of suitable aircraft. WNG has an extensive global network of industry contacts and potential lessees with whom it will partner as it deploys Fund II capital.
