Stratos, a prominent aircraft investment specialist and asset manager, has announced the delivery of a Boeing 737-800 on a long-term operating lease to SunExpress, a joint venture between Lufthansa and Turkish Airlines, as part of SunExpress’ ongoing fleet expansion.
The aircraft (MSN 39006) is owned by a Japan-based investor and was recently redelivered from Norwegian. It was transitioned to SunExpress following Stratos’ takeover of the aircraft as asset manager. This process involved overseeing the redelivery of the aircraft, sourcing replacement CFM56-7B engines, raising a senior loan from PK Airfinance, securing a new lessee and structuring and managing the MRO and ferry actions necessary to deliver the aircraft to Türkiye.
Gary Fitzgerald, CEO of Stratos said “The Stratos team is delighted to welcome SunExpress as our newest airline partner. Reconstructing an aircraft which was the victim of a COVID-era restructuring has been an immense challenge and showcases the exceptional skills of our technical, legal, structuring, financing and commercial teams. In this respect, the SunExpress team has been extremely professional and collaborative and we look forward to a long and successful relationship.”
