U.K.-based financial services group Centrus has established a new aircraft and engine leasing business to structure and arrange leases with airlines across the world.
Operating as Centrus Aviation Capital, the business will focus on mid-life, current-generation aircraft that will be managed through to the conclusion of their lifecycle before exploring multiple exit possibilities aimed at generating returns for investors.
In a statement, Centrus says: “The formation of the business provides the opportunity to manage high quality, long life assets in a highly regulated market on behalf of third party institutional and other investor clients.” It also confirmed the new division will be jointly owned and managed by three aviation financiers, while providing synergies with its existing transportation advisory team.
One of these is Bill Cumberlidge, previously executive director at London-based asset management company KV Aviation. In a statement released today (Sep. 20), Cumberlidge says: “The entrepreneurial approach and relationship ethos that we share with Centrus, coupled with the complementary skills of the teams, means that CACL will sit well under the Centrus umbrella. Our ability to manage high quality assets in a highly regulated market fits well with Centrus’ plans to grow its activities in asset and funds management.”