Novus Aviation Capital (Novus), in partnership with Sumitomo Mitsui Trust Bank (SMTB), has launched the Ortus Aircraft Leasing Fund, L.P. III (Ortus III), the third in a series of operating leasing funds focused on acquiring Airbus and Boeing aircraft placed on lease with airlines worldwide.
The launch of Ortus III comes amid continued strength in the aircraft leasing market. Following the post-pandemic recovery in passenger traffic, airlines globally continue to face significant aircraft shortages, while manufacturers manage record order backlogs. Market growth is expected to accelerate further as production capacity increases and operators seek more flexible financing solutions, with the global aircraft leasing market projected to reach approximately US$320 billion by 2030.
Novus and SMTB first partnered in 2016 to establish the inaugural Ortus Aircraft Leasing Fund, followed by the second fund in 2019. Both were marketed exclusively in Japan and attracted a diversified institutional investor base.
Ortus III represents an expansion of the platform, with the new fund to be offered across Asia and the Middle East in response to growing regional demand for alternative investment opportunities.
