WNG Capital, the global aviation investment manager and lessor of narrow body commercial aircraft, has announced the final closing of WNG Aircraft Opportunities Fund II, L.P. with US$438 million of capital commitments.
WNG 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. As a result of WNG’s strong pipeline, the Fund has already closed on its first investment, signed a letter of intent for a second deal, and has several proposals outstanding for additional aircraft.
Since the Firm’s inception in 2009, WNG has managed 60 aviation assets valued in excess of US$800 million. Continuing the value-creation strategy utilized in the management of these prior investments, WNG II is expected to primarily invest in mid-life and older narrow body commercial aircraft and aircraft-related assets manufactured by Boeing and Airbus.
