Engine lessor Aquila Air Capital (Aquila) has released that Wafra Inc. (Wafra), a New York-based, global alternative asset manager, has completed the acquisition of its platform from Warburg Pincus.
Wafra entered into a definitive agreement to acquire a controlling interest in Aquila on October 18, 2024. Since then, Wafra has received all customary regulatory approvals to complete the transaction.
“We are excited to close our acquisition of Aquila Air Capital and launch the next phase of its growth in partnership with Al and the entire Aquila team,” said Edward Tsai, Managing Director, Wafra. “The demand fundamentals for Aquila's business in particular, and aviation equipment finance more broadly, are strong. Aquila is well positioned to continue successfully serving its global customer base.”
ATLAS SP Partners, the warehouse finance and securitised products business majority owned by Apollo funds, provided a credit facility to support the acquisition of Aquila and fund its future growth.
