Centrus, the fast-growing financial services group has announced that it has established Centrus Aviation Capital Ltd, a UK based aircraft and aircraft engine leasing company that will structure and arrange leases with airlines globally and manage those leases and assets throughout the lease terms and remaining life.
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. The business will focus on mid-life, current in-production, liquid narrowbody aircraft that can be managed through to end of life and have a number of exit possibilities to maximise investor returns.
The new business unit will be jointly owned with and managed by three highly experienced Aviation financiers. The new business provides considerable synergies with the existing Transportation advisory team within Centrus.
Commenting on today’s announcement, Centrus Founder and Managing Director, Phil Jenkins said:
“We are very pleased to welcome Bill, Chris and Nick to Centrus and to partner with them in this exciting new venture. Centrus Aviation Capital marks the first step in our plans to establish an investment management business within Centrus to complement our existing Centrus Corporate Finance and Centrus Analytics business units. This will extend the range of services we are able to offer to existing and new Centrus clients.”
Bill Cumberlidge of Centrus Aviation Capital Ltd, added:
“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. We are excited at the opportunity to provide new and existing clients with access to a wider range of services and sources of capital”.