On December 10, 2024, global aviation asset manager Altavair successfully concluded a significant transaction in collaboration with Marathon Asset Management, Ethiopian Airlines and Boeing. This partnership facilitated the delivery of a Boeing 777-300ER aircraft to Ethiopian Airlines.
Altavair played a crucial role in the deal as the arranger, structurer and servicer, while Marathon provided the capital, and Ethiopian Airlines took on the aircraft as the lessee. This transaction reflects Altavair’s ability to develop and execute bespoke aviation finance solutions that align with the requirements of multiple stakeholders.
Matthew Hoesley, Chief Commercial Officer at Altavair, highlighted the importance of this transaction, emphasising the company’s expertise in structuring complex aviation deals. He noted that the agreement reinforces the demand for the Boeing 777-300ER and demonstrates Altavair’s ability to bridge the gap between manufacturers, operators, and investors. He also expressed appreciation for the collaboration with Ethiopian Airlines, a valued airline, Marathon, a long-term client, and Boeing, a trusted partner.
Altavair has been a key player in the aviation leasing sector since its establishment in 2003. Specialising in the acquisition and leasing of both new and used commercial aircraft, the company has completed over US$13.5 billion in aircraft lease transactions. With a diverse client base spanning 70 airlines across 35 countries, Altavair has facilitated the leasing of over 290 Boeing and Airbus aircraft. The firm operates from offices in Seattle, Dublin, London, and Singapore, reinforcing its global presence in the aviation finance industry.
