IAT Leasing is pleased to announce the acquisition of a 2006 vintage A330-300 leased to Aer Lingus from global alternative investment manager Castlelake on behalf of a US investor partner.

Martin Browne, CEO of IAT, stated: "We are excited to further grow our portfolio of high quality, in-demand aircraft assets through this acquisition. This marks another successful collaboration with Castlelake, and we are thrilled to welcome Aer Lingus as a valued addition to our expanding customer base at IAT.

Magnus Stephensen, Chairman of IAT, commented: “This acquisition underscores IAT's commitment to invest in aircraft that align with our partners investment objectives. We are pleased to have completed another transaction with Castlelake, a valued partner, and to welcome Aer Lingus as a lessee. Our team continues to focus on delivering exceptional value to our investors and building strong relationships across the aviation industry.

Pillsbury Winthrop Shaw Pittman LLP acted as transaction counsel to IAT. Vedder Price acted as transaction counsel to Castlelake. Mason Hayes & Curran LLP acted as Irish counsel to IAT.