Credit Suisse announces the establishment of a new wholly-owned subsidiary, SCALE Aviation (SCALE). Headquartered in Dublin, Ireland, SCALE will focus on supporting Credit Suisse’s clients in driving increased aviation investment and facilitating seamless execution of aviation transactional activity. Credit Suisse's establishment of SCALE is a complementary extension of our existing Global Markets Securitized Products' industry leading trading, distribution, financing, and risk management platform.

SCALE will be an aviation conduit and liquidity provider for investors, aircraft lessors, airlines, and aviation manufacturers, facilitating aviation asset acquisitions, dispositions, capital markets financings, and investments. Targeting short-term warehousing of aviation assets, SCALE will assist aviation industry clients with fleet transitions, financing, and ease of execution to provide greater execution certainty around portfolio trading activities. Utilizing a global network of relationships in Credit Suisse’s leading wealth management platform as well as other divisions, SCALE's distribution of aviation assets, and associated financing, will facilitate a broader investor base in aviation.

SCALE is not an aviation lessor and will not be building a long term investment portfolio of aircraft. We look forward to expanding our capabilities to serve our clients once SCALE commences operations.

Ray Sisson will be the chairman of the new venture.