Aerotask has successfully closed the sale of six Pratt & Whitney JT8D engines and two McDonnell Douglas MD-80 series aircraft on behalf of Maduro & Curiel’s Bank and a consortium of lenders. All of the assets were formerly operated by Insel Air and in a relatively decrepit state resulting in challenging sale circumstances. In successfully executing this sale, Aerotask has yet again cemented the reputation of being experts in difficult assets.
The sale forms part of an all-encompassing aviation advisory engagement Aerotask currently holds with Maduro & Curiel’s Bank and numerous financiers.
Aerotask is a Dubai-based global aviation consultancy providing Asset Management and Financial Solutions to airlines, lessors, financiers and aviation investors worldwide.