August 26, 2020 (REYKJAVIK, Iceland) – Icelease ehf, a global aircraft leasing company, and Corrum Capital Management, an independent private investment firm, have completed the acquisition of a fourth aircraft, a Boeing 737-800 (MSN 35342), by CCM ICL Leasing, LLC, an aircraft leasing company formed through a partnership between Icelease ehf and CCM Wavecrest Aircraft Leasing Co LLC, an aircraft leasing company wholly-owned by an affiliate of Corrum Capital. The aircraft was just recently redelivered from Japan Airlines and will be placed on lease with an undisclosed operator. SMBC acted as seller’s agent in the transaction.
This investment is consistent with CCM ICL Leasing, LLC’s mandate to build a portfolio of predominantly narrowbody commercial aircraft on lease to airlines globally with a diverse mix of underlying airline counterparties.
DelMorgan & Co., a global boutique investment bank headquartered in Santa Monica, California, served as financial and strategic advisor to Icelease in the formation of CCM ICL Leasing, LLC in 2019.